v3.25.4
Restructuring, Impairment and Other Charges and Credits (Tables)
 12 Months Ended
Dec. 31, 2025
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring, Impairment and Other Charges and Credits
The following table presents restructuring, impairment and other charges and credits (in millions):
Year ended December 31,
202520242023
Severance (1)
$26 $45 $187 
Capacity optimization23 128 176 
Other charges and credits (2)
 234 108 
Total restructuring, impairment and other charges and credits (3)
$49 $407 $471 
(1)Severance charges in the years ended December 31, 2025, 2024 and 2023 include $1 million, $6 million and $20 million, respectively, in curtailment and special termination benefit charges.
(2)Other charges and credits primarily include disposal costs and inventory write-downs. For the year ended December 31, 2024, other charges and credits include $131 million related to the recognition of non-cash cumulative foreign currency translation losses for the substantial liquidation and disposition of foreign entities.
(3)Amounts impacting gross margin on the consolidated statements of income were $3 million, $211 million and $283 million for the years ended December 31, 2025, 2024 and 2023, respectively.