Quarterly report pursuant to Section 13 or 15(d)

Restructuring and Other Charges

v3.7.0.1
Restructuring and Other Charges
 3 Months Ended
Apr. 01, 2017
Restructuring Costs and Asset Impairment Charges [Abstract]  
Restructuring and Other Charges [Text Block]
Note 6: Restructuring and Other Charges
 
 
Three Months Ended
(In Millions)
 
Apr 1,
2017
2016 Restructuring Program
 
$
(11
)
Other charges
 
91

Total restructuring and other charges
 
$
80


2016 Restructuring Program
In the second quarter of 2016, our management approved and commenced the 2016 Restructuring Program. We expect the program to be substantially complete by the second quarter of 2017.
For further information, see "Note 7: Restructuring and Other Charges" in Part II, Item 8 of our 2016 Form 10-K.
Restructuring and other charges by type for the 2016 Restructuring Program for the period were as follows:
 
 
Three Months Ended
(In Millions)
 
Apr 1,
2017
Employee severance and benefit arrangements
 
$
(21
)
Asset impairment and other charges
 
10

Total restructuring and other charges
 
$
(11
)

Restructuring and other activity for the 2016 Restructuring Program for the first three months of 2017 was as follows:
(In Millions)
 
Employee Severance and Benefits
 
Asset Impairments and Other
 
Total
Accrued restructuring balance as of December 31, 2016
 
$
585

 
$
10

 
$
595

Additional accruals
 
—

 
10

 
10

Adjustments
 
(21
)
 
—

 
(21
)
Cash payments
 
(108
)
 
(8
)
 
(116
)
Non-cash settlements
 
—

 
(1
)
 
(1
)
Accrued restructuring balance as of April 1, 2017
 
$
456

 
$
11

 
$
467


We recorded the additional accruals as restructuring and other charges in the consolidated condensed statement of income and within the "all other" operating segments category. Substantially all of the accrued restructuring balance as of April 1, 2017 is expected to be paid within the next 12 months and was recorded within accrued compensation and benefits on the consolidated condensed balance sheets. Restructuring actions related to this program that were approved in 2016 are expected to impact approximately 15,000 employees.
Other charges
Other charges primarily include costs associated with the Intel Security Group divestiture.
 
 
Three Months Ended
(In Millions)
 
Apr 1,
2017
ISecG separation costs
 
$
73

Other
 
18

Total other charges
 
$
91