Symantec 2013 Annual Report Download - page 185
Download and view the complete annual report
Please find page 185 of the 2013 Symantec annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175 -
176 -
177 -
178 -
179 -
180 -
181 -
182 -
183 -
184 -
185 -
186 -
187 -
188 -
189 -
190 -
191 -
192 -
193 -
194 -
195 -
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
 |
 |
SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)
Other exit and disposal costs
Our other exit and disposal costs consist primarily of costs associated with closing or consolidating certain
facilities. Largely as a result of business acquisitions, management may deem certain leased facilities to be in
excess and make a plan to exit them either at the time of acquisition or after the acquisition in conjunction with
our efforts to integrate and streamline our operations. As of March 29, 2013, liabilities for these excess facility
obligations at several locations around the world are expected to be paid over the respective lease terms, the
longest of which extends through fiscal 2018.
Restructuring and transition summary
March 30,
2012
Costs, Net of
Adjustments(1)
Cash
Payments
March 29,
2013
Cumulative
Incurred to
Date
(In millions)
Restructuring liabilities:
Restructuring plan—severance ............... $— $ 10 $— $10 $10
Other exit and disposal costs ................. 16 — (13) 3
Total restructuring liabilities ................... $16 $ 10 $(13) $13
Transition and other related costs ............. 115
Total restructuring and transition ......... $125
Balance Sheet:
Other current liabilities ..................... $ 8 $11
Other long-term obligations .................. 8 2
Total restructuring liabilities ............. $16 $13
(1) Adjustments primarily relate to foreign currency exchange rate fluctuations. Included in transition and other
related costs is $58 million of costs associated with the planning and design phase of a new enterprise
resource planning system, $47 million of severance costs and $10 million of other related costs.
Note 8. Commitments and Contingencies
Lease commitments
We lease certain of our facilities, equipment, and co-locations under operating leases that expire at various
dates beyond fiscal 2018. We currently sublease some space under various operating leases that will expire on
various dates through fiscal 2018. Some of our leases contain renewal options, escalation clauses, rent
concessions, and leasehold improvement incentives. Rent expense under operating leases was $124 million,
$111 million, and $110 million for fiscal 2013, 2012, and 2011, respectively.
87