Symantec 2012 Annual Report Download - page 168
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SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)
Restructuring and transition summary
April 1,
2011
Costs, Net of
Adjustments(1)
Cash
Payments
March 30,
2012
Cumulative
Incurred to
Date
(In millions)
Restructuring liabilities:
Severance .......................... $ 3 $ 3 $ (5) $ 1 $73
Facilities ........................... 10 1 (5) 6 20
Total ............................... 13 4 (10) 7 93
Other exit and disposal costs ........... 13 7 (11) 9
Total restructuring liabilities ....... $26 $11 $(21) $16
Transition and other related costs . . . 45
Total restructuring and
transition .................. $56
Balance Sheet:
Other current liabilities ............... $14 $ 8
Other long-term obligations ........... 12 8
Total restructuring liabilities ........... $26 $16
(1) Total net adjustments were not material for fiscal 2012. Adjustments primarily relate to foreign currency
exchange rate fluctuations. Included in transition and other related costs is $26 million of severance costs
and $19 million of costs associated with the planning and design phase of implementing a new enterprise
resource planning system.
Note 8. Commitments and Contingencies
Lease commitments
We lease certain of our facilities and related equipment under operating leases that expire at various dates
beyond fiscal 2018. We currently sublease some space under various operating leases that will expire on various
dates through fiscal 2018. Some of our leases contain renewal options, escalation clauses, rent concessions, and
leasehold improvement incentives. Rent expense was $111 million for fiscal 2012 of which $89 million was
recorded in General and administrative expenses and $22 million was recorded in Cost of revenue. Rent expense
was $110 million for fiscal 2011 of which $89 million was recorded in General and administrative expenses and
$21 million was recorded in Cost of revenue. Rent expense was $106 million for fiscal 2010 of which $88
million was recorded in General and administrative expenses and $18 million was recorded in Cost of revenue.
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