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Supplemental financial information | 12 Months Ended
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Dec. 31, 2024
Disclosure Text Block Supplement [Abstract] |
Supplemental financial information | Supplemental financial information Restructuring charges/other During 2024, restructuring charges/other was a credit of $124 million primarily due to a gain on the sale of a property. During 2023, there were no restructuring charges/other. During 2022, restructuring charges/other was a cost of $257 million related to preproduction costs at our Lehi, Utah, manufacturing facility. These amounts are included in Other for segment reporting purposes. Other income (expense), net (OI&E)
| For Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Other income (a) | $ | 534 |  |  | $ | 483 |  |  | $ | 169 |
Other expense (b) | (38) |  |  | (43) |  |  | (63) |
Total | $ | 496 |  |  | $ | 440 |  |  | $ | 106 |
(a)Includes interest, royalty and lease income. (b)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,
| 2024 |  | 2023
CHIPS Act incentives | $ | 904 |  |  | $ | 497 |
Other | 296 |  |  | 264 |
Total | $ | 1,200 |  |  | $ | 761 |
Property, plant and equipment at cost
| Depreciable Lives (Years) |  | December 31,
|  | 2024 |  | 2023
Land |  |  | $ | 113 |  |  | $ | 150 |
Buildings and improvements | Up to 40 |  | 6,424 |  |  | 5,549 |
Machinery and equipment | 5 – 10 |  | 8,717 |  |  | 7,569 |
Total |  |  | $ | 15,254 |  |  | $ | 13,268 |
Goodwill Goodwill by segment as of December 31, 2024 and 2023, 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 2024, 2023 and 2022, we determined no impairment was indicated. Other long-term assets
| December 31,
| 2024 |  | 2023
CHIPS Act incentives | $ | 2,246 |  |  | $ | 859 |
Other | 1,102 |  |  | 853 |
Total | $ | 3,348 |  |  | $ | 1,712 |
Accrued expenses and other liabilities
| December 31,
| 2024 |  | 2023
Accrued capital-related expenditures | $ | 352 |  |  | $ | 341 |
Other | 723 |  |  | 570 |
Total | $ | 1,075 |  |  | $ | 911 |
Accumulated other comprehensive income (loss), net of taxes (AOCI)
| December 31,
| 2024 |  | 2023
Postretirement benefit plans: |  |  |
Net actuarial loss | $ | (144) |  |  | $ | (207) |
Prior service credit | 1 |  |  | — |
Unrealized gains on available-for-sale investments | 2 |  |  | 2 |
Cash flow hedge derivative instruments | 1 |  |  | — |
Total | $ | (140) |  |  | $ | (205) |
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 2024, 2023 and 2022. 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
|  | 2024 |  | 2023 |  | 2022 |
Net actuarial losses of defined benefit plans: |  |  |  |  |  |  |  |
Recognized net actuarial loss and settlement losses (a) |  | $ | 13 |  |  | $ | 20 |  |  | $ | 78 |  |  | Decrease to OI&E
Tax effect |  | (3) |  |  | (5) |  |  | (17) |  |  | Decrease to provision for income taxes
Recognized within net income, net of taxes |  | $ | 10 |  |  | $ | 15 |  |  | $ | 61 |  |  | 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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