date:May 09, 2014
r manufacturing-related one-time costs. In support of the restructuring will be $2.2 billion of capital expenditures that already had been incorporated into the companys guidance of about 5% of net revenues per year. By 2018, the program is expected to generate annual cost savings of at least $1.5 billion.
Lower overheads and accelerated supply chain cost reductions are each expected to generate roughly half of the total incremental savings, the company said. Overhead reductions will be driven