eBay 2010 Annual Report Download - page 118

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eBay Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
2008 Restructuring Plan
In 2009, we completed a strategic reduction of our existing global workforce by approximately
800 employees worldwide to simplify and streamline our organization and strengthen the overall competitiveness
of our existing businesses. During 2008 and 2009 we incurred $49.1 million and $12.2 million, respectively, in
restructuring charges related to this plan.
A summary of the restructuring and other costs by segment recognized for the years ended
December 31, 2009 and 2010 are as follows (in thousands):
Year Ended December 31, 2009 Year Ended December 31, 2010
Employee
Severance and
Benefits Facilities Total
Employee
Severance and
Benefits Facilities Total
Marketplaces ....................... $30,123 $7,866 $37,989 $18,607 $3,223 $21,830
Payments .......................... 188 10 198 (393) — (393)
$30,311 $7,876 $38,187 $18,214 $3,223 $21,437
The following table summarizes the restructuring activity for the year ended December 31, 2010 (in
thousands):
Employee
Severance and
Benefits Facilities Total
Accrued liability as of January 1, 2010 ................... $ 8,827 $ 2,082 $ 10,909
Charges ............................................ 18,214 3,223 21,437
Payments ........................................... (23,731) (1,990) (25,721)
Adjustments from foreign currency translation ............. (885) 244 (641)
Accrued liability as of December 31, 2010 ................ $ 2,425 $ 3,559 $ 5,984
Note 12 — Debt:
The following table summarizes the carrying value of our outstanding debt at December 31, 2010 (in
thousands):
Long-Term Debt
Senior Notes Coupon Rate Effective Interest Rate Amount
Senior notes due 2013 ...................... 0.875% 0.946% $ 399,220
Senior notes due 2015 ...................... 1.625% 1.703% 597,857
Senior notes due 2020 ...................... 3.250% 3.319% 497,150
Total long-term debt .................... $1,494,227
Short-Term Debt
Commercial paper ..................... $ 300,000
Total Debt ........................... $1,794,227
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