Symantec 2010 Annual Report Download - page 164

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and benefits. These actions are expected to be substantially completed in fiscal 2011. Total remaining costs
for severance and benefits are estimated to range from $45 million to $65 million.
•Reduce operating costs through a facilities consolidation. This action was initiated to streamline our
operations and deliver better and more efficient support to our customers and employees. Charges related to
this action are for consolidating certain facilities in North America and Europe. These actions are expected
to be substantially completed in fiscal 2011. Total remaining costs for facilities are estimated to range from
$35 million to $45 million.
2008 Restructuring Plan (“2008 Plan”)
In the third quarter of fiscal 2008, management approved and initiated the following restructuring events to:
•Reduce operating costs through a worldwide headcount reduction. This action was initiated in the third
quarter of fiscal 2008 and was substantially completed in the fourth quarter of fiscal 2008. Charges related to
this action are for severance and benefits. Total remaining costs are not expected to be significant.
•Reduce operating costs, implement management structure changes, optimize the business structure and
discontinue certain products. Charges related to these actions are for severance and benefits. These actions
were initiated in the third quarter of fiscal 2008 and are expected to be completed by the end of the second
quarter in fiscal 2011. Total remaining costs for the severance and benefits are estimated to be up to
$5 million.
•Outsource certain back office functions worldwide. Charges related to these actions are primarily for
severance and benefits. These actions were initiated in the second quarter of fiscal 2009 and are expected to
be substantially completed in fiscal 2011. Total remaining costs for severance and benefits are expected to
range from $5 million to $10 million.
Prior and Acquisition-related Plans
Prior Restructuring Plan
In fiscal 2009, management approved and initiated a plan to reduce operating costs through a worldwide
headcount reduction. This action was initiated and substantially completed in fiscal 2010. Charges related to this
action were for severance and benefits. Total remaining costs are not expected to be significant.
Acquisition-related Plan
As a result of business acquisitions, management may deem certain job functions to be redundant and facilities
to be in excess either at the time of acquisition or for a period of time after the acquisition in conjunction with our
integration efforts. For acquisitions made prior to fiscal 2010, such restructuring-related costs have generally been
adjusted to goodwill to reflect changes in the purchase price of the respective acquisition. With the adoption of new
authoritative guidance on business combinations, restructuring charges related to our business acquisitions starting
in fiscal 2010 are expensed in our Consolidated Statements of Operations. As of April 2, 2010, acquisition-related
restructuring liabilities, primarily related to 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.
88
SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)