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Restructuring, Transition and Other Costs
 12 Months Ended
Apr. 02, 2021
Restructuring and Related Activities [Abstract]  
Restructuring, Transition and Other Costs Restructuring, Transition and Other Costs
Our restructuring, transition and other costs consist primarily of severance, contract cancellations, separation, transition, and other related costs. Severance costs generally include severance payments, outplacement services, health insurance coverage, and legal costs. Included in other exit and disposal costs are advisory fees incurred in connection with restructuring events. Separation costs primarily consist of consulting costs incurred in connection with our divestitures. Transition costs are incurred in connection with Board of Directors approved discrete strategic information technology transformation initiatives and primarily consist of consulting charges associated with our enterprise resource planning and supporting systems and costs to automate business processes. Such transition projects were completed by the end of fiscal 2019.
December 2020 Plan
In December 2020, our Board of Directors approved a restructuring plan (the December 2020 Plan) to consolidate facilities and reduce operating costs in connection with our acquisition of Avira. We estimate that we will incur total costs of up to $20 million. These actions are expected to be completed in fiscal 2022. As of April 2, 2021, we have incurred total costs of $12 million under the December 2020 Plan. See Note 4 for further information on our Avira acquisition.
November 2019 Plan
In November 2019, our Board of Directors approved a restructuring plan (the November 2019 Plan) in connection with the strategic decision to divest our Enterprise Security business. Actions under this plan included the reduction of our workforce as well as asset write-offs and impairments, contract terminations, facilities closures, and the sale of underutilized facilities. These actions were completed in fiscal 2021, and we incurred total costs of $509 million, excluding stock-based compensation expense, under the November 2019 Plan.
In connection with the Broadcom sale, our Board of Directors approved an equity-based severance program under which certain equity awards to certain terminated employees were accelerated. As of April 2, 2021, we have incurred $127 million of stock-based compensation related to our equity-based severance program. See Note 15 for further information on the impact of this program.
August 2019 Plan
On August 6, 2019, our Board of Directors approved a restructuring plan (the August 2019 Plan) to improve productivity and reduce complexity in the way we manage the business. Under the August 2019 Plan, we reduced our global headcount and closed certain facilities. These actions were completed in fiscal 2020, and we incurred total costs of $53 million, primarily consisting of severance and termination benefits.
Restructuring, transition and other costs summary
Our restructuring, transition and other costs attributable to continuing operations are presented in the table below:
Year Ended
(In millions)April 2, 2021April 3, 2020March 29, 2019
Severance and termination benefit costs$31 $90 $19 
Contract cancellation charges51 101 — 
Stock-based compensation charges10 20 — 
Asset write-offs and impairments58 47 2 
Other exit and disposal costs11 7 12 
Separation costs— 1 3 
Transition costs— — 185 
Total restructuring, transition and other$161 $266 $221 
In connection with the agreement to sell certain assets of our Enterprise Security business, a portion of our restructuring, transition and other costs were classified to discontinued operations for all periods presented. Our restructuring, transition and other costs attributable to discontinued operations are presented in the table below:
Year Ended
(In millions)April 2, 2021April 3, 2020March 29, 2019
Severance and termination benefit costs$64 $121 $9 
Contract cancellation charges— 5 — 
Stock-based compensation charges— 97 — 
Asset write-offs and impairments— 13 — 
Other exit and disposal costs— — 3 
Separation costs2 25 — 
Transition costs— — 8 
Total restructuring, transition and other$66 $261 $20 
Restructuring summary
Our activities and liability balances related to our restructuring plans are presented in the tables below:
December 2020 Plan
(In millions)Liability Balance as of April 3, 2020Net ChargesCash PaymentsNon-Cash ItemsLiability Balance as of April 2, 2021
Severance and termination benefit costs$— $12 $(9)$— $3 
Total$— $12 $(9)$— $3 
November 2019 Plan
(In millions)Liability Balance as of April 3, 2020Net ChargesCash PaymentsNon-Cash ItemsLiability Balance as of April 2, 2021
Severance and termination benefit costs$35 $83 $(118)$— $— 
Contract cancellation charges7 51 (11)(35)12 
Stock-based compensation charges— 10 — (10)— 
Asset write-offs and impairments— 58 — (58)— 
Other exit and disposal costs— 11 (10)— 1 
Total$42 $213 $(139)$(103)$13 
The restructuring liabilities are included in Other current liabilities in our Consolidated Balance Sheets.