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Restructuring and Other Charges | 6 Months Ended
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Jan. 23, 2021
Restructuring Charges [Abstract] |
Restructuring and Other Charges | Restructuring and Other Charges We initiated a restructuring plan in the first quarter of fiscal 2021 (the “Fiscal 2021 Plan”), which includes a voluntary early retirement program, in order to realign the organization and enable further investment in key priority areas. The total pretax charges are estimated to be approximately $900 million. In connection with the Fiscal 2021 Plan, we incurred charges of $232 million and $834 million for the second quarter and first six months of fiscal 2021, respectively. We initiated a restructuring plan in fiscal 2020 (the “Fiscal 2020 Plan”) in order to realign the organization and enable further investment in key priority areas. The total pretax charges are estimated to be approximately $300 million. In connection with the Fiscal 2020 Plan, we have incurred cumulative charges of $257 million. The aggregate pretax charges related to these plans are primarily cash-based and consist of severance and other one-time termination benefits, and other costs. We expect to substantially complete both plans in fiscal 2021. The following tables summarize the activities related to the restructuring and other charges (in millions):
|  | FISCAL 2020 AND PRIOR PLANS |  | FISCAL 2021 PLAN |  |
|  | Employee Severance |  | Other |  | Employee Severance |  | Other |  | Total
Liability as of July 25, 2020 |  | $ | 58 |  |  | $ | 14 |  |  | $ | — |  |  | $ | — |  |  | $ | 72 |
Charges |  | — |  |  | 2 |  |  | 804 |  |  | 30 |  |  | 836 |
Cash payments |  | (58) |  |  | (3) |  |  | (703) |  |  | (3) |  |  | (767) |
Non-cash items |  | — |  |  | — |  |  | — |  |  | (21) |  |  | (21) |
Liability as of January 23, 2021 |  | $ | — |  |  | $ | 13 |  |  | $ | 101 |  |  | $ | 6 |  |  | $ | 120 |
|  | FISCAL 2018 AND PRIOR PLANS |  |
|  | Employee Severance |  | Other |  | Total
Liability as of July 27, 2019 |  | $ | 22 |  |  | $ | 11 |  |  | $ | 33 |
Charges |  | 209 |  |  | 17 |  |  | 226 |
Cash payments |  | (202) |  |  | (1) |  |  | (203) |
Non-cash items |  | — |  |  | (23) |  |  | (23) |
Liability as of January 25, 2020 |  | $ | 29 |  |  | $ | 4 |  |  | $ | 33 |

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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 + Details
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- References No definition available. + Details
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