Quarterly report pursuant to Section 13 or 15(d)

Restructuring and Asset Impairment Charges

Restructuring and Asset Impairment Charges
3 Months Ended
Apr. 02, 2016
Restructuring Costs and Asset Impairment Charges [Abstract]  
Restructuring and Asset Impairment Charges [Text Block]
Note 12: Restructuring and Asset Impairment Charges
We had no restructuring and asset impairment charges in the first three months of 2016 due to the completion of our 2013 and 2015 restructuring programs. As of April 2, 2016, the remaining liability associated with both programs is $37 million ($70 million as of December 26, 2015). A substantial majority of this liability is expected to be paid within the next 12 months and was recorded as a current liability. For more information about these programs, please refer to our Annual Report on Form 10-K for the year ended December 26, 2015.
2016 Restructuring Program
On April 19, 2016, subsequent to the end of first quarter of 2016, we announced the 2016 Restructuring Program, designed to align our operations with evolving business needs and improve efficiencies. Under this program, we intend to close certain facilities and reduce up to twelve thousand positions globally. Accordingly, we expect to incur charges of approximately $1.2 billion in the second quarter of 2016. The actions associated with this program are expected to be fully completed by the second quarter of 2017.