Quarterly report pursuant to Section 13 or 15(d)

Restructuring and Asset Impairment Charges (Tables)

v3.3.0.814
Restructuring and Asset Impairment Charges (Tables)
 9 Months Ended
Sep. 26, 2015
Restructuring Costs and Asset Impairment Charges [Abstract]  
Restructuring and Related Costs [Table Text Block]
Restructuring and asset impairment charges for the 2015 restructuring program for each period were as follows:
 
 
Three Months Ended
 
Nine Months Ended
(In Millions)
 
Sep 26,
2015
 
Sep 27,
2014
 
Sep 26,
2015
 
Sep 27,
2014
Employee severance and benefit arrangements
 
$
20

 
$
—

 
$
270

 
$
—

Asset impairments and other restructuring charges
 
2

 
—

 
2

 
—

Total restructuring and asset impairment charges
 
$
22

 
$
—

 
$
272

 
$
—

Restructuring and asset impairment charges by program for each period were as follows:
 
 
Three Months Ended
 
Nine Months Ended
(In Millions)
 
Sep 26,
2015
 
Sep 27,
2014
 
Sep 26,
2015
 
Sep 27,
2014
2015 restructuring program
 
$
22

 
$
—

 
$
272

 
$
—

2013 restructuring program
 
(8
)
 
20

 
95

 
238

Total restructuring and asset impairment charges
 
$
14

 
$
20

 
$
367

 
$
238

Restructuring and asset impairment charges for the 2013 restructuring program for each period were as follows:
 
 
Three Months Ended
 
Nine Months Ended
(In Millions)
 
Sep 26,
2015
 
Sep 27,
2014
 
Sep 26,
2015
 
Sep 27,
2014
Employee severance and benefit arrangements
 
$
(9
)
 
$
9

 
$
87

 
$
218

Asset impairments and other restructuring charges
 
1

 
11

 
8

 
20

Total restructuring and asset impairment charges
 
$
(8
)
 
$
20

 
$
95

 
$
238

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]
Restructuring and asset impairment activity for the 2013 restructuring program for the first nine months of 2015 was as follows:
(In Millions)
 
Employee Severance and Benefits
 
Asset Impairments and Other
 
Total
Accrued restructuring balance as of December 27, 2014
 
$
121

 
$
11

 
$
132

Additional accruals
 
100

 
9

 
109

Adjustments
 
(13
)
 
(1
)
 
(14
)
Cash payments
 
(156
)
 
(14
)
 
(170
)
Non-cash settlements
 
—

 
(3
)
 
(3
)
Accrued restructuring balance as of September 26, 2015
 
$
52

 
$
2

 
$
54

Restructuring and asset impairment activity for the 2015 restructuring program for the first nine months of 2015 was as follows:
(In Millions)
 
Employee Severance and Benefits
 
Asset Impairments and Other
 
Total
Accrued restructuring balance as of December 27, 2014
 
$
—

 
$
—

 
$
—

Additional accruals
 
283

 
2

 
285

Adjustments
 
(13
)
 
—

 
(13
)
Cash payments
 
(178
)
 
—

 
(178
)
Non-cash settlements
 
—

 
(1
)
 
(1
)
Accrued restructuring balance as of September 26, 2015
 
$
92

 
$
1

 
$
93