Symantec 2014 Annual Report Download - page 161
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Restructuring and transition summary
March 29, 2013
Costs, Net of
Adjustments (1) Cash Payments March 28, 2014
Cumulative
Incurred to Date
(Dollars in millions)
Restructuring liabilities:
Restructuring plan —
severance $ 10 $ 212 $ (184) $ 38 $ 222
Other exit and disposal
costs 3 - (3) -
Total restructuring liabilities $ 13 $ 212 $ (187) $ 38
Transition and other
related costs 58
Total restructuring
and transition $ 270
Balance Sheet:
Other current liabilities $ 11 $ 37
Other long-term
obligations 2 1
Total restructuring
liabilities $ 13 $ 38
(1) Adjustments primarily relate to foreign currency exchange rate fluctuations.
Note 8. Commitments and Contingencies
Lease commitments
We lease certain of our facilities, equipment, and co-locations under operating leases that expire at various
dates beyond fiscal 2019. We currently sublease some space under various operating leases that will expire on
various dates through fiscal 2019. Some of our leases contain renewal options, escalation clauses, rent
concessions, and leasehold improvement incentives. Rent expense under operating leases was $121 million,
$124 million, and $111 million for fiscal 2014, 2013, and 2012, respectively.
The minimum future rentals on noncancelable operating leases are as follows:
March 28, 2014
(Dollars in millions)
2015 $ 103
2016 83
2017 69
2018 61
2019 53
Thereafter 124
Total minimum future lease payments $ 493
Sublease income (2)
Total minimum future lease payments, net $ 491
82