Seagate 2015 Annual Report Download - page 85

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TableofContents
SEAGATETECHNOLOGYPLC
NOTESTOCONSOLIDATEDFINANCIALSTATEMENTS—(Continued)
ThecarryingvalueofotherintangibleassetssubjecttoamortizationasofJuly3,2015issetforthinthefollowingtable:
ThecarryingvalueofIPR&Dnotsubjecttoamortizationwas$0milliononJuly3,2015.
AsofJuly1,2016,expectedamortizationexpenseforotherintangibleassetsforeachofthenextfiveyearsandthereafterisasfollows:
5.RestructuringandExitCosts
Duringfiscalyears2016,2015and2014,theCompanyrecordedrestructuringchargesof$175million,$32millionand$24million,respectively,comprised
primarilyofchargesrelatedtoemployeeterminationcostsandfacilityexitcostsassociatedwithrestructuringofourworkforceduringeachfiscalyear.The
Company'ssignificantrestructuringplansaredescribedbelow.AllrestructuringchargesarereportedinRestructuringandother,netontheConsolidated
StatementsofOperations.
June2016Plan—OnJune27,2016,theCompanycommittedtoarestructuringplan(the"June2016Plan")aspartoftheCompany'seffortstoreduceitscost
structuretoalignwiththecurrentmacroeconomicconditions.TheJune2016Planincludedreducingworldwideheadcountbyapproximately1,600employees.The
June2016PlanisexpectedtobelargelycompletedbytheendoftheSeptember2016quarter.Duringfiscalyear2016,theCompanyrecordedtotalrestructuring
chargesofapproximately$69millionrelatedtotheJune2016Plan,comprisedofemployeeterminationcosts.TheCompanymadecashpaymentsof$24millionin
fiscalyear2016,comprisedofemployeeterminationcostsrelatedtotheJune2016Plan.
February2016Plan—OnFebruary15,2016,theCompanycommittedtoarestructuringplan(the"February2016Plan")intendedtoalignourmanufacturing
footprintwithcurrentmacroeconomicconditions.TheFebruary2016Planincludedreducingworldwideheadcountbyapproximately2,000employees.The
February2016PlanwaslargelycompletedbythefiscalquarterendedApril1,2016.Duringfiscalyear2016,theCompanyrecordedtotalrestructuringchargesand
madecashpaymentsof
82
(Dollarsinmillions) 
GrossCarrying
Amount
Accumulated
Amortization
NetCarrying
Amount
WeightedAverage
RemainingUsefulLife
Existingtechnology  $ 191 $ (69) $ 122 4.1years
Customerrelationships   487  (282) 205 2.4years
Tradename   27  (7)  20 3.2years
Otherintangibleassets   27  (4) $ 23 4.2years
Totalamortizableotherintangibleassets  $ 732 $ (362) $ 370 3.1years
(Dollarsinmillions) Amount
2017  $ 166
2018   106
2019   68
2020   50
2021   23
Thereafter   21
 $ 434