Sprint - Nextel 2008 Annual Report Download - page 91

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SPRINT NEXTEL CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
The following provide the activity in the severance and exit costs liability, included in “Accrued
expenses and other current liabilities.”
2009 Activity
December 31,
2008
Net
Expense
Cash Payments
and Other
December 31,
2009
(in millions)
Exit costs .................................. $113 $ 38 $ (62) $ 89
Severance .................................. 90 362 (342) 110
Total costs ................................. $203 $400 $(404) $199
2008 Activity
December 31,
2007
Net
Expense
Cash Payments
and Other
December 31,
2008
(in millions)
Exit costs .................................. $118 $ 42 $ (47) $113
Severance .................................. 32 313 (255) 90
Total costs ................................. $150 $355 $(302) $203
2007 Activity
December 31,
2006
Net
Expense
Cash Payments
and Other
December 31,
2007
(in millions)
Exit costs .................................. $160 $ 83 $(125) $118
Severance .................................. 62 194 (224) 32
Total costs ................................. $222 $277 $(349) $150
Asset Impairment
In 2009, we recorded asset impairments of $47 million primarily related to network asset equipment in
our Wireless segment, no longer necessary for management’s strategic plans. In 2008, we recorded asset
impairments of $480 million primarily related to cell site development costs and network asset equipment in our
Wireless segment, no longer necessary for management’s strategic plans. In 2007, we had asset impairments of
$163 million, primarily attributable to our Wireless segment, which included the write-off of cell site
development costs that we abandoned as the sites would not be used based on management’s strategic network
plans, the sale of Velocita Wireless, and the closing of retail stores due to integration efforts.
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