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Annual Report
As of March 31, 2016, future amortization of acquisition-related intangibles that will be recorded in the
Consolidated Statement of Operations is estimated as follows (in millions):
Fiscal Year Ending March 31,
2017 .................................................................................. 38
2018 .................................................................................. 17
2019 .................................................................................. 2
Total ............................................................................... $57
(8) RESTRUCTURING AND OTHER CHARGES
Restructuring and other restructuring plan-related information as of March 31, 2016 was as follows (in millions):
Fiscal 2011
Restructuring
Other Restructurings
and Reorganization
Other
Facilities-
related Other Total
Balances as of March 31, 2013 .................................. $57 $ 4 $ 1 $62
Charges to operations ....................................... (2) 1 — $ (1)
Charges settled in cash ...................................... (8) (3) — $(11)
Balances as of March 31, 2014 .................................. $47 $ 2 $ 1 $50
Charges to operations ....................................... — — — $—
Charges settled in cash ...................................... (36) (1) (1) $(38)
Balances as of March 31, 2015 .................................. $11 $ 1 $— $12
Charges to operations ....................................... — — — $—
Charges settled in cash ...................................... (11) (1) — $(12)
Balances as of March 31, 2016 .................................. $— $— $— $—
Fiscal 2011 Restructuring
In fiscal year 2011, we announced a plan focused on the restructuring of certain licensing and developer
agreements in an effort to improve the long-term profitability of our packaged goods business. Under this plan,
we amended certain licensing and developer agreements. To a much lesser extent, as part of this restructuring, we
had workforce reductions and facilities closures through March 31, 2011. Substantially all of these exit activities
were completed by March 31, 2011.
Since the inception of the fiscal 2011 restructuring plan through March 31, 2015, we have incurred charges of
$172 million, consisting of (1) $129 million related to the amendment of certain licensing agreements and other
intangible asset impairment costs, (2) $31 million related to the amendment of certain developer agreements, and
(3) $12 million in employee-related expenses. We do not expect to incur any additional restructuring charges
under this plan. As of March 31, 2016, we have settled all accruals under this restructuring plan.
Other Restructurings and Reorganization
We also engaged in various other restructurings and a reorganization based on management decisions made in
fiscal years 2013 and 2009. We do not expect to incur any additional restructuring charges under these plans.
Substantially all of the accruals under these restructuring plans have been settled by March 31, 2016.
(9) ROYALTIES AND LICENSES
Our royalty expenses consist of payments to (1) content licensors, (2) independent software developers, and
(3) co-publishing and distribution affiliates. License royalties consist of payments made to celebrities,
professional sports organizations, movie studios and other organizations for our use of their trademarks,
copyrights, personal publicity rights, content and/or other intellectual property. Royalty payments to independent
67