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Supplemental financial information | 12 Months Ended
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Dec. 31, 2023
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,
| 2023 |  | 2022 |  | 2021
Integration charges (a) | $ | — |  |  | $ | 257 |  |  | $ | 104 |
Gains on sales of assets (b) | — |  |  | — |  |  | (50) |
Restructuring charges/other | $ | — |  |  | $ | 257 |  |  | $ | 54 |
(a)Includes costs related to our purchase of the Lehi, Utah, manufacturing facility, as well as preproduction costs before December 2022. (b)Includes a $50 million gain from the sale of property in October 2021. Other income (expense), net (OI&E)
| For Years Ended December 31,
| 2023 |  | 2022 |  | 2021
Other income (a) | $ | 483 |  |  | $ | 169 |  |  | $ | 145 |
Other expense (b) | (43) |  |  | (63) |  |  | (2) |
Total | $ | 440 |  |  | $ | 106 |  |  | $ | 143 |
(a)Other income includes interest, royalty and lease income, as well as investment gains and losses. (b)Other expense includes a portion of pension and other retiree benefit costs, lease expense, tax interest, currency gains and losses and miscellaneous items. Prepaid expenses and other current assets
| December 31,
| 2023 |  | 2022
U.S. CHIPS and Science Act investment tax credit | $ | 497 |  |  | $ | — |
Other | 264 |  |  | 302 |
Total | $ | 761 |  |  | $ | 302 |
Property, plant and equipment at cost
| Depreciable Lives (Years) |  | December 31,
|  | 2023 |  | 2022
Land | n/a |  | $ | 150 |  |  | $ | 132 |
Buildings and improvements | 5 – 40 |  | 5,549 |  |  | 4,154 |
Machinery and equipment | 5 – 10 |  | 7,569 |  |  | 5,664 |
Total |  |  | $ | 13,268 |  |  | $ | 9,950 |
Goodwill Goodwill by segment as of December 31, 2023 and 2022, 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 2023, 2022 and 2021, we determined no impairment was indicated. Other long-term assets
| December 31,
| 2023 |  | 2022
U.S. CHIPS and Science Act investment tax credit | $ | 859 |  |  | $ | 395 |
Other | 853 |  |  | 740 |
Total | $ | 1,712 |  |  | $ | 1,135 |
Accrued expenses and other liabilities
| December 31,
| 2023 |  | 2022
Accrued capital-related expenditures | $ | 341 |  |  | $ | 191 |
Other | 570 |  |  | 455 |
Total | $ | 911 |  |  | $ | 646 |
Accumulated other comprehensive income (loss), net of taxes (AOCI)
| December 31,
| 2023 |  | 2022
Postretirement benefit plans: |  |  |
Net actuarial loss | $ | (207) |  |  | $ | (249) |
Prior service cost | — |  |  | (1) |
Unrealized gains (losses) on available-for-sale investments | 2 |  |  | (3) |
Cash flow hedge derivative instruments | — |  |  | (1) |
Total | $ | (205) |  |  | $ | (254) |
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 2023, 2022 and 2021. 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
|  | 2023 |  | 2022 |  | 2021 |
Net actuarial losses of defined benefit plans: |  |  |  |  |  |  |  |
Recognized net actuarial loss and settlement losses (a) |  | $ | 20 |  |  | $ | 78 |  |  | $ | 37 |  |  | Decrease to OI&E
Tax effect |  | (5) |  |  | (17) |  |  | (8) |  |  | Decrease to provision for income taxes
Recognized within net income, net of taxes |  | $ | 15 |  |  | $ | 61 |  |  | $ | 29 |  |  | Decrease to net income
Prior service cost (credit) of defined benefit plans: |  |  |  |  |  |  |  |
Amortization of prior service cost (credit) (a) |  | $ | 1 |  |  | $ | (1) |  |  | $ | (1) |  |  | Decrease (increase) to OI&E
Tax effect |  | — |  |  | — |  |  | — |  |  | (Decrease) increase to provision for income taxes
Recognized within net income, net of taxes |  | $ | 1 |  |  | $ | (1) |  |  | $ | (1) |  |  | Decrease (increase) to net income
(a)Detailed in Note 7

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