BMY » Topics » Rollforward

This excerpt taken from the BMY 10-K filed Feb 26, 2007.

Rollforward

Restructuring charges and spending against liabilities associated with prior and current actions are as follows:

 

Dollars in Millions    Employee
Termination
Liability
    Other
Exit Cost
Liability
    Total  

Balance at January 1, 2004

   $ 51     $ 7     $ 58  

Charges

     102       5       107  

Spending

     (68 )     (9 )     (77 )

Changes in estimate

     (7 )     (1 )     (8 )
                        

Balance at December 31, 2004

     78       2       80  

Charges

     30       2       32  

Spending

     (45 )     (6 )     (51 )

Changes in estimate

     (3 )     2       (1 )
                        

Balance at December 31, 2005

     60       —         60  

Charges

     71       2       73  

Spending

     (44 )     —         (44 )

Changes in estimate

     (13 )     (1 )     (14 )
                        

Balance at December 31, 2006

   $ 74     $ 1     $ 75  
                        

Liabilities of $32 million and $60 million at December 31, 2006 and 2005, respectively, are included in accrued expenses in the consolidated balance sheet. A long-term liability of $43 million is included in other liabilities at December 31, 2006.

This excerpt taken from the BMY 10-K filed Mar 4, 2005.

Rollforward

 

Restructuring charges and spending against liabilities associated with prior and current actions are as follows:

 

     Employee
Termination
Liability


    Other Exit Cost
Liability


    Total

 
     (dollars in millions)  

Balance at December 31, 2001

   $ 243     $ 41     $ 284  

Charges

     71       38       109  

Spending

     (155 )     (29 )     (184 )

Changes in estimate

     (92 )     (8 )     (100 )
    


 


 


Balance at December 31, 2002

     67       42       109  

Charges

     47       3       50  

Spending

     (56 )     (35 )     (91 )

Changes in estimate

     (7 )     (3 )     (10 )
    


 


 


Balance at December 31, 2003

   $ 51     $ 7     $ 58  

Charges

     102       5       107  

Spending

     (68 )     (9 )     (77 )

Changes in estimate

     (8 )     —         (8 )
    


 


 


Balance at December 31, 2004

   $ 77     $ 3     $ 80  
    


 


 


 

These liabilities are included in accrued expenses in the consolidated balance sheet.

 

EXCERPTS ON THIS PAGE:

10-K
Feb 26, 2007
10-K
Mar 4, 2005
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