Symantec 2016 Annual Report Download - page 128
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The $90 million increase in research and development expense for fiscal 2015 was primarily due to higher
unallocated corporate charges and stock-based compensation expense.
General and administrative expenses decreased $58 million primarily due to a reduction of unallocated
corporate charges of $17 million.
Amortization of intangible assets decreased by $6 million primarily as a result of certain intangible assets
becoming fully amortized during fiscal 2015.
Restructuring, separation, and transition costs include severance, facilities, separation, transition and other
related costs. For fiscal 2015, we incurred $101 million of restructuring costs, $23 million in separation costs,
and $40 million in transition costs. For further information on restructuring and transition costs, see Note 6 of the
Notes to Consolidated Financial Statements in this annual report.
Non-operating expense, net by fiscal year
Change in %
2016 2015 2014 2016 v 2015 2015 v 2014
(Dollars in millions)
Interest income $ 10 $ 11 $ 11 (9)% -%
Interest expense (75) (78) (84) (4)% (7)%
Other income, net - 14 36 * *
Non-operating expense, net $ (65) $ (53) $ (37) 23% 43%
* Percentage is not meaningful.
2016 compared to 2015
Non-operating expense, net, increased $12 million primarily due to net foreign currency remeasurement
losses.
2015 compared to 2014
Non-operating expense, net, increased $16 million primarily due to a $32 million realized gain from sale of
short-term investments during fiscal 2014, offset by favorable foreign currency effects and a reduction in interest
expense.
Provision for income taxes by fiscal year
Change in %
2016 2015 2014 2016 v 2015 2015 v 2014
(Dollars in millions)
Income from continuing operations before income
taxes $ 392 $ 101 $ 107 288% (6)%
Provision for (benefit from) income taxes $ 1,213 $ (8) $ 16 * *
Effective tax rate on continuing operations income 309% (8)% 15%
* Percentage is not meaningful.
We recorded an income tax expense on discontinued operations of $1.1 billion, $223 million and $242
million for fiscal 2016, 2015 and 2014, respectively. See Note 3 of the Notes to Consolidated Financial
Statements in this annual report for additional information.
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