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Table of Contents
ORACLE CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
May 31, 2014
Fiscal 2013 Activity
Fiscal 2012 Activity
113
Accrued
May 31,
2012
Year Ended May 31, 2013
Accrued
May 31,
2013
(in millions)
Initial
Costs
Adj. to
Cost
Cash
Payments
Others
Fiscal 2013 Oracle Restructuring Plan
New software licenses and cloud software subscriptions
$
—
$
85
$
(8
)
$
(60
)
$
(1
)
$
16
Software license updates and product support
—
13
(6
)
(11
)
5
1
Hardware systems business
—
99
(5
)
(68
)
(2
)
24
Services
—
72
(5
)
(50
)
1
18
General and administrative and other
—
81
(1
)
(52
)
(16
)
12
Total Fiscal 2013 Oracle Restructuring Plan
$
—
$
350
$
(25
)
$
(241
)
$
(13
)
$
71
Total other restructuring plans
$
337
$
53
$
(26
)
$
(185
)
$
—
$
179
Total restructuring plans
$
337
$
403
$
(51
)
$
(426
)
$
(13
)
$
250
Accrued
May 31,
2011
Year Ended May 31, 2012
Accrued
May 31,
2012
(in millions)
Initial
Costs
Adj. to
Cost
Cash
Payments
Others
Sun Restructuring Plan
New software licenses and cloud software subscriptions
$
14
$
46
$
(8
)
$
(41
)
$
(2
)
$
9
Software license updates and product support
19
31
(2
)
(35
)
(1
)
12
Hardware systems business
10
34
1
(33
)
—
12
Services
9
32
(2
)
(25
)
(2
)
12
General and administrative and other
100
92
(9
)
(129
)
(1
)
53
Total Sun Restructuring
$
152
$
235
$
(20
)
$
(263
)
$
(6
)
$
98
Total other restructuring plans
$
297
$
65
$
15
$
(122
)
$
(16
)
$
239
Total restructuring plans
$
449
$
300
$
(5
)
$
(385
)
$
(22
)
$
337
Restructuring costs recorded for individual line items primarily related to employee severance costs except for general and administrative and other, which also included $46 million and
$23 million recorded during fiscal 2013 and 2012, respectively, for facilities related restructuring, contract termination and other costs.
The balances at May 31, 2014 and 2013 included $100 million and $160 million, respectively, recorded in other current liabilities, and $69 million and $90 million, respectively, recorded
in other non
-
current liabilities.
Costs recorded for the respective restructuring plans during the current period presented.
All plan adjustments were changes in estimates whereby increases and decreases in costs were generally recorded to operating expenses in the period of adjustments.
Represents foreign currency translation and certain other adjustments.
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 periodic impact to our consolidated statements of operations was not
significant.
(2) (3)
(4)
(5)
(1)
(6)
(3)
(4)
(5)
(1)
(6)
(1)
(2)
(3)
(4)
(5)
(6)