Oracle 2010 Annual Report Download - page 229

Fiscal 2009 Activity
(in millions) Year Ended May 31, 2009
Accrued
May 31,
2008
Initial
Costs(3) Adj. To
Cost(4) Cash Payments Other(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 2010 was $449 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 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.
(6) Other restructuring plans presented in the table above include condensed information for other Oracle-based plans and other plans
associated with certain of our acquisitions whereby we continued to make cash outlays to settle obligations under these plans during
the periods presented but for which the current impact to our consolidated statements of operations was not significant.
(7) Restructuring plans included in this footnote represent those plans that management has deemed the most significant.
Source: ORACLE CORP, 10-K, June 28, 2011 Powered by Morningstar® Document Research℠