Oracle 2009 Annual Report Download - page 118

Table of Contents
ORACLE CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
May 31, 2010
Fiscal 2009 Activity
(in millions)
Accrued
May 31,
2008(2)
Year Ended May 31, 2009 Accrued
May 31,
2009(2)
Initial
Costs(3)
Adj. To
Cost(4)
Cash
Payments Other(5)
Fiscal 2009 Oracle Restructuring Plan
New software licenses $ — $ 30 $ — $ (18) $ — $ 12
Software license updates and product support — 1 — (1) — —
Services — 35 — (13) — 22
Other(1)
— 19 — (6) — 13
Total Fiscal 2009 Oracle Restructuring $ — $ 85 $ — $ (38) $ — $ 47
Total other restructuring plans $ 568 $ 26 $ (12) $ (215) $ (25) $ 342
Total restructuring plans(6) $ 568 $ 111 $ (12) $ (253) $ (25) $ 389
Fiscal 2008 Activity
(in millions)
Accrued
May 31,
2007
Year Ended May 31, 2008 Accrued
May 31,
2008(2)
Initial
Costs(3)
Adj. To
Cost(4)
Cash
Payments Others(5)
Total restructuring plans(6) $ 459 $ 272 $ 10 $ (184) $ 11 $ 568
(1) Other includes severance costs related to operating segments that were not individually or collectively significant, facilities related restructuring expenses and contract termination costs.
(2) Accrued restructuring for our most significant restructuring plans at May 31, 2010 and 2009 was $546 million and $389 million, respectively. The balances at May 31, 2010 and 2009
include $290 million and $203 million recorded in other current liabilities, respectively, and $256 million and $186 million recorded in other non-current liabilities, respectively.
(3) Initial costs recorded for the respective restructuring plans.
(4) All plan adjustments are changes in estimates whereby all increases in costs are generally recorded to operating expenses in the period of adjustment with decreases in the costs of our
Oracle-based plans and the Sun Restructuring Plan being recorded to operating expenses and decreases in costs of our acquisition related plans adopted prior to fiscal 2010 or assumed
from Sun recorded as adjustments to goodwill.
(5) Represents foreign currency translation, other adjustments and accrued restructuring plan liabilities of $275 million that were assumed from our acquisition of Sun during fiscal 2010.
(6) Restructuring plans included in this footnote represent those plans that management has deemed the most significant.
10. DEFERRED REVENUES
Deferred revenues consisted of the following:
May 31,
(in millions) 2010 2009
Software license updates and product support $ 4,618 $ 4,158
Hardware systems support 537 —
Services 376 243
New software licenses 330 191
Hardware systems products 39 —
Deferred revenues, current 5,900 4,592
Deferred revenues, non-current (in other non-current liabilities) 388 204
Total deferred revenues $ 6,288 $ 4,796
Deferred software license updates and product support revenues and deferred hardware systems support revenues represent customer payments made in advance
for annual support contracts. Software license updates and product
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Source: ORACLE CORP, 10-K, July 01, 2010 Powered by Morningstar® Document Research℠