Sprint - Nextel 2005 Annual Report Download - page 130
Download and view the complete annual report
Please find page 130 of the 2005 Sprint - Nextel 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
 |
 |
SPRINT NEXTEL CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
other contractual obligations. In 2004, we recorded an expense reduction of $2 million as a result of finalizing the
contractual obligations associated with this action.
The 2005, 2004 and 2003 restructuring activity is summarized as follows:
2005 Activity
December 31, 2004
Liability Balance
Total
Restructuring
Charge
Cash
Payments
Reclasses to
Other
Liabilities
December 31, 2005
Liability Balance
(in millions)
Restructuring Events
Organizational Realignment
Severance .................. $ 67 $ (8) $(55) $(4) $ —
Other exit costs .............. 8 (3) (3) (2) —
Web Hosting Wind-down
Other exit costs .............. 93 9 (24) — 78
Total .......................... $ 168 $ (2) $(82) $(6) $ 78
2004 Activity
December 31, 2003
Liability Balance
Total
Restructuring
Charge
Cash
Payments
December 31, 2004
Liability Balance
(in millions)
Restructuring Events
Organizational Realignment
Severance ............................ $ 54 $ 122 $(109) $ 67
Other exit costs ........................ — 8 — 8
Web Hosting Wind-down
Severance ............................ 6 (2) (4) —
Other exit costs ........................ 45 65 (17) 93
Wireless Billing Platform Termination
Other exit costs ........................ 12 (2) (10) —
Total .................................... $ 117 $ 191 $(140) $ 168
2003 Activity
December 31, 2002
Liability Balance
Total
Restructuring
Charge
Cash
Payments
December 31, 2003
Liability Balance
(in millions)
Restructuring Events
Organizational Realignment
Severance ............................ $ — $ 59 $ (5) $ 54
Web Hosting Wind-down
Severance ............................ — 15 (9) 6
Other exit costs ........................ — 45 — 45
Wireless Billing Platform Termination
Other exit costs ........................ — 12 — 12
Total .................................... $ — $ 131 $(14) $ 117
Note – during 2003, we also finalized estimates related to prior years’ restructuring activities, resulting in a $52
million reduction in liabilities, and reclassification of remaining liabilities to other current liabilities.
F-35