Oracle 2008 Annual Report Download - page 107

Download and view the complete annual report

Please find page 107 of the 2008 Oracle annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 150

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150

Table of Contents
ORACLE CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
May 31, 2009
Fiscal 2007 Activity
Accrued Year Ended May 31, 2007 Accrued
May 31, Initial Adj. Cash May 31,
(in millions) 2006 Costs(3) to Cost(4) Payments Others(5) 2007(2)
Hyperion Restructuring Plan
Severance $ — $ 45 $ — $ — $ — $ 45
Facilities — 47 — (1) — 46
Contracts and other — 16 — — — 16
Total Hyperion Restructuring $ — $ 108 $ — $ (1) $ — $ 107
Siebel Restructuring Plan
Severance $ 37 $ — $ (8) $ (24) $ 1 $ 6
Facilities 446 — (12) (208) 4 230
Contracts and other 26 — 4 (20) — 10
Total Siebel Restructuring $ 509 $ — $ (16) $ (252) $ 5 $ 246
Total Other Restructuring
Plans $ 176 $ 19 $ (2) $ (88) $ 1 $ 106
Total All Restructuring
Plans(6) $ 685 $ 127 $ (18) $ (341) $ 6 $ 459
(1) Includes severance costs associated with research and development, general and administrative functions, and certain
other facility related costs.
(2) Accrued restructuring at May 31, 2009, 2008 and 2007 was $389 million, $568 million, and $459 million,
respectively. The balances at May 31, 2009, 2008 and 2007 include $203 million, $308 million and $201 million
recorded in other current liabilities, respectively, and $186 million, $260 million and $258 million recorded in other
non-current liabilities, respectively.
(3) Initial costs recorded for the respective restructuring plans.
(4) Certain adjustment increases to the Siebel Restructuring Plan were included in our consolidated statement of
operations (acquisition related and other expenses) in fiscal 2009. Adjustment decreases to the Hyperion Restructuring
Plan were recorded to goodwill in fiscal 2009. Hyperion plan adjustments in fiscal 2008 and Siebel plan adjustments
in fiscal 2007 relate to changes in estimates within the purchase price allocation period (offset recorded to goodwill).
All other plan adjustments are changes in estimates whereby all increases in cost are recorded to operating expenses in
the period of adjustment with decreases in costs of Oracle-based plans recorded to operating expenses and acquisition
related plans recorded as an adjustment to goodwill indefinitely.
(5) Primarily represents foreign currency translation adjustments.
(6) Restructuring plans included in this footnote represent those plans that management has deemed significant.
99
Source: ORACLE CORP, 10-K, June 29, 2009 Powered by Morningstar® Document Research℠