Oracle 2010 Annual Report Download - page 187

(in millions) Accrued
May 31,
2009
Year Ended May 31, 2010
Initial
Costs(3)
Adj.
to
Cost(4)
Cash
Payments
Others(5) Accrued
May
31,
2010(2)
Sun Restructuring Plan(1)
New software licenses $ — $ 6 $ — $ (1 ) $ — $ 5
Software license updates and product
support
— 6 — (3 ) — 3
Hardware systems business — 61 — (19 ) — 42
Services — 11 — (3 ) — 8
General and administrative and other — 258 — (222 ) (7 ) 29
Total Sun Restructuring $ — $ 342 $ — $ (248 ) $ (7 ) $ 87
Total other restructuring plans(6) $ 389 $ 292 $ (84 ) $ (397 ) $ 259 $ 459
Total restructuring plans(7) $ 389 $ 634 $ (84 ) $ (645 ) $ 252 $ 546
Fiscal 2009 Activity
Year Ended May 31, 2009
(in millions) Accrued
May 31,
2008
Initial
Costs(3)
Adj.
to
Cost(4)
Cash
Payments
Others(5) Accrued
May 31,
2009
Total restructuring plans(7) $ 568 $ 111 $ (12 ) $ (253 ) $ (25 ) $ 389
(1) Restructuring costs recorded for individual line items presented relate to employee severance
costs except for general and administrative and other which included $97 million and $44 million
recorded during fiscal 2011 and 2010, respectively, for facilities related restructuring and contract
termination costs.
(2) Accrued restructuring for our most significant restructuring plans at May 31, 2011 and May 31,
2010 was $449 million and $546 million, respectively. The balances at May 31, 2011 and 2010
include $244 million and $290 million recorded in other current liabilities, respectively, and $205
million and $256 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 Sun
Restructuring Plan and Oracle-based plans (included in the “total other restructuring plans” line
in the above table) being recorded to operating expenses and decreases in costs of our acquisition
related plans (included in the “total other restructuring plans” line in the above table) adopted
prior to fiscal 2010 recorded as adjustments to goodwill.
(5) Represents foreign currency translation and other adjustments. In addition, includes accrued
restructuring plan liabilities of $275 million that were assumed from our acquisition of Sun
during fiscal 2010.
Source: ORACLE CORP, 10-K, June 28, 2011 Powered by Morningstar® Document Research℠