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Table of Contents
ORACLE CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
May 31, 2015
Fiscal 2013 Activity
Deferred revenues consisted of the following:
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
117
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
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
recorded during fiscal 2013 for facilities related restructuring, contract termination and other costs.
The balances at May 31, 2015 and 2014 included $86 million and $100 million, respectively, recorded in other current liabilities, and $34 million and $69 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 tables 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.
10.
DEFERRED REVENUES
May 31,
(in millions)
2015
2014
Software license updates and product support
$
5,635
$
5,909
Hardware systems support and other
703
664
Services
379
364
Cloud SaaS, PaaS and IaaS
404
248
New software licenses
124
84
Deferred revenues, current
7,245
7,269
Deferred revenues, non
-
current (in other non
-
current liabilities)
393
404
Total deferred revenues
$
7,638
$
7,673
(3) (4) (5)
(1)
(6)
(1)
(2)
(3)
(4)
(5)
(6)