XML 136 R21.htm IDEA: XBRL DOCUMENT v3.20.1

Restructuring Charges

12 Months Ended

Apr. 24, 2020

Restructuring And Related Activities [Abstract]

Restructuring Charges

13. Restructuring Charges

In the first quarter of fiscal 2020, we announced a restructuring plan (the May 2019 Plan) to reduce costs and redirect resources to our highest return activities, which included a reduction in our global workforce of approximately 2%. Charges related to the plan consisted primarily of employee severance-related costs. Substantially all activities under the plan have been completed.

Management has previously approved several restructuring actions, including the November 2016 Plan, May 2018 Plan and April 2019 Plan, under which we reduced our global workforce by 6%, less than 2%, and approximately 1%, respectively. Charges related to our restructuring plans consisted primarily of employee severance-related costs. Substantially all activities under the November 2016 Plan and the May 2018 Plan were complete as of the end of fiscal 2018 and 2019, respectively. Substantially all activities under the April 2019 Plan were complete as of the end of fiscal 2020.

Activities related to our restructuring plans are summarized as follows (in millions):

		May 2019 Plan				April 2019 Plan				May 2018 Plan				November 2016 Plan				Total
Balance as of April 28, 2017		$	—			$	—			$	—			$	13			$	13
Net charges			—				—				—				—				—
Cash payments			—				—				—				(7	)			(7	)
Balance as of April 27, 2018			—				—				—				6				6
Net charges			—				16				19				—				35
Cash payments			—				(1	)			(19	)			(2	)			(22	)
Balance as of April 26, 2019			—				15				—				4				19
Net charges			21				—				—				—				21
Cash payments			(20	)			(15	)			—				—				(35	)
Other			—				—				—				(4	)			(4	)
Balance as of April 24, 2020		$	1			$	—			$	—			$	—			$	1

Upon adoption of the new lease accounting standard in the first quarter of fiscal 2020, the remaining lease-related liabilities associated with the November 2016 Plan were recognized as a reduction to the lease right-of-use asset recorded at transition.

Liabilities for our restructuring activities are included in accrued expenses in our consolidated balance sheets.

X

- References

No definition available.

+ Details

Name:	us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration