Symantec 2010 Annual Report Download - page 165
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Restructuring Summary
April 3,
2009
Costs,
Net of
Adjustments
(1)
Cash
Payments
April 2,
2010
Cumulative
Incurred
to Date
Fiscal 2010 Restructuring Liability
(In millions)
Fiscal 2010
Severance and benefits .................... $— $23 $ (3) $20 $23
Fiscal 2008
Severance and benefits .................... 8 32 (37) 3 96
Prior and Acquisition-related
Severance and benefits .................... 4 1 (4) 1 42
Facilities .............................. 15 10 (13) 12 35
Total ............................... $27 $66 $(57) $36
Transition, transformation and other costs .......... 28 49
Total restructuring and transformation charges ... $94
Balance Sheet:
Other current liabilities...................... $21 $28
Other long-term liabilities.................... 6 8
$27 $36
(1)
Total net adjustments or reversals, which include the effects of foreign currency, for each respective fiscal year
were not significant.
Note 9. Commitments and Contingencies
Lease Commitments
We lease certain of our facilities and related equipment under operating leases that expire at variousdates through
2029. We currently sublease some space under various operating leases that will expire onvarious dates through 2018.
Some of our leases contain renewal options, escalation clauses, rent concessions, and leasehold improvement
incentives. Rent expense was $88 million, $88 million, and $87 million in fiscal 2010, 2009, and 2008, respectively.
As of April 2, 2010, our future commitments and sublease information under non-cancellable leases were as
follows:
Lease
Commitment
Sublease
Income
Net Lease
Commitment
(1)
(In millions)
2011.......................................... $ 90 $ 4 $ 86
2012.......................................... 73 2 71
2013.......................................... 60 2 58
2014.......................................... 52 1 51
2015.......................................... 35 1 34
Thereafter...................................... 82 1 81
$392 $11 $381
(1)
The net lease commitment amount includes $21 million related to facilities that are included in our restruc-
turing reserve. For more information, see Note 8.
89
SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)