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Supplemental financial information | 12 Months Ended
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Dec. 31, 2021
Disclosure Text Block Supplement [Abstract] |
Supplemental financial information | Supplemental financial information Restructuring charges/other Restructuring charges/other are included in Other for segment reporting purposes and are comprised of the following components:
| For Years Ended December 31,
| 2021 |  | 2020 |  | 2019
Restructuring charges (a) | $ | — |  |  | $ | 25 |  |  | $ | (15) |
Integration charges (b) | 104 |  |  | — |  |  | — |
Gains on sales of assets (c) | (50) |  |  | (1) |  |  | (21) |
Restructuring charges/other | $ | 54 |  |  | $ | 24 |  |  | $ | (36) |
(a)Includes severance and benefits, accelerated depreciation, changes in estimates and other exit costs. (b)Includes costs related to our purchase of the Lehi, Utah, manufacturing facility, as well as ongoing costs until production begins in early 2023. (c)Includes a $50 million gain from the sale of property in October 2021. Changes in accrued restructuring balances
| 2021 |  | 2020 |  | 2019
Balance, January 1 | $ | 18 |  |  | $ | — |  |  | $ | 28 |
Restructuring charges | — |  |  | 25 |  |  | (15) |
Non-cash items (a) | — |  |  | 1 |  |  | — |
Payments | (13) |  |  | (8) |  |  | (13) |
Balance, December 31 | $ | 5 |  |  | $ | 18 |  |  | $ | — |
(a)Reflects charges for impacts of changes in exchange rates and accelerated depreciation. The restructuring accrual balances are reported as a component of either accrued expenses and other liabilities or other long-term liabilities on our Consolidated Balance Sheets, depending on the expected timing of payment. In 2020, we recognized $25 million of restructuring charges primarily for severance and benefit costs associated with our Embedded Processing business. As of December 31, 2021, $21 million of payments have been made. In 2020, we announced a multiyear plan to close our two remaining factories with 150-millimeter production, located in Sherman and Dallas, Texas. During 2021 we decided not to close a portion of our factory in Dallas. We expect this plan to be completed no later than 2025. Charges for the closures cannot be reasonably estimated at this time. Other income (expense), net (OI&E)
| For Years Ended December 31,
| 2021 |  | 2020 |  | 2019
Other income (a) | $ | 145 |  |  | $ | 327 |  |  | $ | 201 |
Other expense (b) | (2) |  |  | (14) |  |  | (26) |
Total | $ | 143 |  |  | $ | 313 |  |  | $ | 175 |
(a)Other income includes royalty and lease income, investment gains and losses, interest income, as well as reversals of tax interest accruals. (b)Other expense includes a portion of pension and other retiree benefit costs, currency gains and losses and miscellaneous items. Property, plant and equipment at cost
| Depreciable Lives (Years) |  | December 31,
|  | 2021 |  | 2020
Land | n/a |  | $ | 132 |  |  | $ | 125 |
Buildings and improvements | 5 – 40 |  | 3,490 |  |  | 2,571 |
Machinery and equipment | 2 – 10 |  | 4,236 |  |  | 3,085 |
Total |  |  | $ | 7,858 |  |  | $ | 5,781 |
In October 2021, we completed our purchase of a 300-millimeter semiconductor factory in Lehi, Utah, for cash consideration of $893 million. The estimated fair value of assets acquired was determined based on market comparable information to purchase or build comparable assets and allocated on a relative basis to purchase consideration. Assets acquired included $28 million of land, $305 million of buildings and improvements and $526 million of machinery and equipment. Goodwill Goodwill by segment as of December 31, 2021 and 2020, is as follows:
| Goodwill
Analog | $ | 4,158 |
Embedded Processing | 172 |
Other | 32 |
Total | $ | 4,362 |
We perform our annual goodwill impairment test in the fourth quarter and determine whether the fair value of each of our reporting units is in excess of its carrying value. In 2021, we elected to perform a qualitative analysis to assess impairment of goodwill rather than to perform the quantitative goodwill impairment test. The key qualitative factors considered in the assessment included the change in the industry and competitive environment, market capitalization and overall financial performance. Based on this qualitative analysis, we determined that it was more likely than not that the fair value of each reporting unit exceeded its carrying value. In 2021, 2020 and 2019, we determined no impairment was indicated. Other long-term liabilities
| December 31,
| 2021 |  | 2020
Long-term portion of transition tax on indefinitely reinvested earnings | $ | 403 |  |  | $ | 457 |
Deferred compensation plans | 395 |  |  | 350 |
Operating lease liabilities | 383 |  |  | 249 |
Other | 186 |  |  | 249 |
Total | $ | 1,367 |  |  | $ | 1,305 |
Accumulated other comprehensive income (loss), net of taxes (AOCI)
| December 31,
| 2021 |  | 2020
Postretirement benefit plans: |  |  |
Net actuarial loss | $ | (155) |  |  | $ | (359) |
Prior service credit | — |  |  | 1 |
Cash flow hedge derivative instruments | (2) |  |  | (2) |
Total | $ | (157) |  |  | $ | (360) |
Details on amounts reclassified out of accumulated other comprehensive income (loss), net of taxes, to net income Our Consolidated Statements of Comprehensive Income include items that have been recognized within net income in 2021, 2020 and 2019. The table below details where these transactions are recorded in our Consolidated Statements of Income.
|  | For Years Ended December 31, |  | Impact to Related Statement of Income Lines
|  | 2021 |  | 2020 |  | 2019 |
Net actuarial losses of defined benefit plans: |  |  |  |  |  |  |  |
Recognized net actuarial loss and settlement losses (a) |  | $ | 37 |  |  | $ | 38 |  |  | $ | 51 |  |  | Decrease to OI&E
Tax effect |  | (8) |  |  | (9) |  |  | (13) |  |  | Decrease to provision for income taxes
Recognized within net income, net of taxes |  | $ | 29 |  |  | $ | 29 |  |  | $ | 38 |  |  | Decrease to net income
Prior service credit of defined benefit plans: |  |  |  |  |  |  |  |
Amortization of prior service credit (a) |  | $ | (1) |  |  | $ | (1) |  |  | $ | — |  |  | Increase to OI&E
Tax effect |  | — |  |  | — |  |  | — |  |  | Increase to provision for income taxes
Recognized within net income, net of taxes |  | $ | (1) |  |  | $ | (1) |  |  | $ | — |  |  | Increase to net income
(a)Detailed in Note 7.

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