MERGER AND RESTRUCTURING ACTIVITY (Tables)

3 Months Ended

Mar. 31, 2018

Summary of Major Components of Merger and Restructuring Expenses, Net

The table below summarizes the major components of Merger and restructuring expenses, net.

	First Quarter
(In millions)	2018		2017
Merger and transaction related expenses, net
Severance and retention	$	2	$	—
Transaction and integration		7		6
Facility closure, contract termination, and other expenses, net		3		4
Total Merger and transaction related expenses, net		12		10
Restructuring expenses
Severance		—		9
Facility closure, contract termination, professional fees and other expenses, net		5		1
Total Restructuring expenses		5		10
Total Merger and restructuring expenses, net	$	17	$	20

Facility Closure and Severance Costs

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

(In millions)	Balance as of December 30, 2017		Charges Incurred		Cash Payments			Balance as of March 31, 2018
Termination benefits:
Merger-related accruals	$	1	$	2	$	—		$	3
Comprehensive Business Review		4		—		—			4
Lease and contract obligations, accruals for facilities closures and other costs:
Merger-related accruals		16		1		(4	)		13
Comprehensive Business Review		9		—		(4	)		5
Acquisition related accruals		2		3		(4	)		1
Total	$	32	$	6	$	(12	)	$	26