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Restructuring, Impairment and Disposal Charges

9 Months Ended

Aug. 01, 2021

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure

Restructuring Charges

The following is a summary of significant restructuring expense recognized primarily in operating expenses:

•During fiscal year 2021, we initiated cost reduction activities associated with plans to align our workforce with strategic business activities and to improve efficiencies in our operations. As a result, we recognized $25 million and $123 million of restructuring expense primarily related to employee termination costs during the fiscal quarter and three fiscal quarters ended August 1, 2021, respectively.

•We recognized $64 million and $173 million of restructuring expense primarily related to employee termination costs during the fiscal quarter and three fiscal quarters ended August 2, 2020, respectively. The restructuring expense during the fiscal quarter ended August 2, 2020 was primarily related to cost reduction activities associated with the Symantec Asset Purchase. The restructuring expense during the three fiscal quarters ended August 2, 2020 was related to cost reduction activities related to the Symantec Asset Purchase of $151 million and cost reduction activities related to our acquisition of CA, Inc. of $22 million.

The following table summarizes the significant activities within, and components of, the restructuring liabilities during the three fiscal quarters ended August 1, 2021:

						Employee Termination Costs						Other Exit Costs						Total
						(In millions)
Balance as of November 1, 2020						$	34					$	—					$	34
Restructuring charges						89						10						99
Utilization						(117)						(10)						(127)
Balance as of August 1, 2021 (a)						$	6					$	—					$	6

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(a) We expect the majority of the employee termination costs balance to be paid within the next three months.

Restructuring, impairment and disposal charges in our condensed consolidated statement of operations for the three fiscal quarters ended August 1, 2021 included $24 million for the write-down of certain lease-related right-of-use assets and other lease-related charges. As of August 1, 2021, short-term and long-term lease liabilities included $69 million of liabilities related to restructuring activities.

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- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-URI http://asc.fasb.org/topic&trid=2175745

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