MERGER, ACQUISITION TERMINATION, AND RESTRUCTURING ACTIVITY (Tables)

12 Months Ended

Dec. 31, 2016

Summary of Major Components of Merger, Restructuring and Other Operating (Income) Expenses, Net

The table below summarizes the major components of Merger, restructuring and other operating (income) expenses, net.

(In millions)	2016			2015		2014
Merger expenses:
Severance, retention, and relocation	$	—		$	15	$	148
Transaction and integration		37			81		124
Facility closure, contract termination, and other expenses, net		27			44		62
Total Merger related expenses		64			140		334
Staples Acquisition (income) expenses:
Retention		15			65		—
Transaction		43			37		—
Termination Fee		(250	)		—		—
Total Staples Acquisition (income) expenses		(192	)		102		—
Comprehensive Business Review expenses:
Severance		22			—		—
Facility closure, contract termination, professional fees and other expenses, net		26			—		—
Total Comprehensive Business Review expenses		48			—		—
Total Merger, restructuring and other operating (income) expenses, net	$	(80	)	$	242	$	334

Facility Closure and Severance Costs

These charges are excluded from the table below because they are expensed as incurred, non-cash, or otherwise not associated with the merger and restructuring balance sheet accounts.

(In millions)	Beginning Balance		Charges Incurred			Cash Payments			Lease Accretion and Other Adjustments			Ending Balance
2016
Termination benefits:
Merger-related accruals	$	16	$	—		$	(9	)	$	(2	)	$	5
Comprehensive Business Review		—		19			(11	)		—			8
Lease and contract obligations, accruals for facilities closures and other costs:
Merger-related accruals		77		22			(62	)		3			40
Comprehensive Business Review		—		19			(6	)		—			13
Other restructuring accruals		14		(2	)		(8	)		1			5
Acquired entity accruals		25		(3	)		(7	)		3			18
Staples acquisition related accruals		64		15			(79	)		—			—
Total	$	196	$	70		$	(182	)	$	5		$	89
2015
Termination benefits:
Merger-related accruals	$	31	$	16		$	(31	)	$	—		$	16
Lease and contract obligations, accruals for facilities closures and other costs:
Merger-related accruals		71		76			(70	)		—			77
Other restructuring accruals		23		(1	)		(10	)		2			14
Acquired entity accruals		36		3			(15	)		1			25
Staples acquisition related accruals		—		64			—			—			64
Total merger and restructuring accruals	$	161	$	158		$	(126	)	$	3		$	196