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Restructuring Charges
3 Months Ended
Jul. 29, 2022
Restructuring and Related Activities [Abstract]  
Restructuring Charges

11. Restructuring Charges

In the first three months of fiscal 2023, we executed a restructuring plan to redirect resources to highest return activities, which included a reduction in our global workforce of less than 1%, and consisted primarily of employee severance-related costs.

We also continued activities related to the establishment of an international headquarters in Cork, Ireland, during the first three months of fiscal 2023, and incurred restructuring charges consisting primarily of legal and tax-related professional fees. Activities under this plan, for which we expect to incur additional charges, will continue during the remainder of fiscal 2023.

During the first three months of fiscal 2022, we executed a restructuring plan to reduce the amount of office space we occupied as we allow more employees to work remotely. In connection with the plan, we also reduced our global workforce by approximately 1%. Charges related to the plan consisted primarily of office relocation costs, lease termination fees, and employee severance-related costs. Substantially all activities under the plan had been completed by the end of fiscal 2022.

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

 

 

Three Months Ended

 

 

 

July 29,
 2022

 

 

July 30,
2021

 

Balance at beginning of period

 

$

1

 

 

$

1

 

Net charges

 

 

11

 

 

 

22

 

Cash payments

 

 

(3

)

 

 

(17

)

Balance at end of period

 

$

9

 

 

$

6