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ORACLE CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
May 31, 2012
Fiscal 2010 Activity
Year Ended May 31, 2010
Accrued Accrued
May 31, Initial Adj. to Cash May 31,
(in millions) 2009 Costs(3) Cost(4) Payments Others(5) 2010
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 .................... $ 389 $ 634 $ (84) $ (645) $ 252 $ 546
(1) Restructuring costs recorded for individual line items presented related to employee severance costs except for general and administrative
and other, which included $23 million, $97 million and $44 million recorded during fiscal 2012, 2011 and 2010, respectively, for
facilities related restructuring and contract termination costs.
(2) The balances at May 31, 2012 and 2011 included $178 million and $244 million recorded in other current liabilities, respectively, and
$159 million and $205 million recorded in other non-current liabilities, respectively.
(3) Costs recorded for the respective restructuring plans during the current period presented.
(4) All plan adjustments were changes in estimates whereby increases and decreases in costs were generally recorded to operating expenses
in the period of adjustments.
(5) Represents foreign currency translation and certain 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 included 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 fiscal year impact to our consolidated statements of operations was not significant.
10. DEFERRED REVENUES
Deferred revenues consisted of the following:
May 31,
(in millions) 2012 2011
Software license updates and product support ................................... $ 5,565 $ 5,386
Hardware systems support .................................................. 694 687
Services ................................................................. 403 438
New software licenses ...................................................... 353 263
Hardware systems products .................................................. 20 28
Deferred revenues, current .............................................. 7,035 6,802
Deferred revenues, non-current (in other non-current liabilities) ................. 296 316
Total deferred revenues ............................................. $ 7,331 $ 7,118
Deferred software license updates and product support revenues and deferred hardware systems support revenues
represent customer payments made in advance for support contracts that are typically billed on a per annum basis
in advance with corresponding revenues being recognized ratably over the support periods. Deferred services
revenues include prepayments for our services business and revenues for these services are generally recognized
110