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Supplemental Balance Sheet Details (Tables)

3 Months Ended

Mar. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Accounts Receivable

Accounts Receivable

In millions			March 31, 2024						December 31, 2023
Trade accounts receivable, gross			$	644					$	741
Allowance for credit losses			(9)						(7)
Total accounts receivable, net			$	635					$	734

Schedule of Inventory

Inventory

In millions			March 31, 2024						December 31, 2023
Raw materials			$	262					$	276
Work in process			405						402
Finished goods			35						30
Inventory, gross			702						708
Inventory reserve			(118)						(121)
Total inventory, net			$	584					$	587

Schedule of Accrued Liabilities

Accrued Liabilities

In millions			March 31, 2024						December 31, 2023
Legal contingencies(1)			$	478					$	484
Contract liabilities, current portion			248						252
Accrued compensation expenses(2)			202						223
Accrued taxes payable			67						79
Operating lease liabilities, current portion			86						86
Liability-classified equity incentive awards			41						55
Other, including warranties(3)			151						146
Total accrued liabilities			$	1,273					$	1,325

_____________

(1)See note “7. Legal Proceedings” for additional details.

(2)Includes employee separation costs related to restructuring activities.

(3)See table below for changes in the reserve for product warranties.

Schedule of Changes in Reserve for Product Warranties

Changes in the reserve for product warranties were as follows:

In millions			Q1 2024						Q1 2023
Balance at beginning of period			$	21					$	18
Additions charged to cost of product revenue			12						9
Repairs and replacements			(13)						(8)
Balance at end of period			$	20					$	19

Schedule Of Restructuring and Related Costs

A summary of the pre-tax restructuring charges are as follows:

In millions			Q1 2024															Cumulative charges recorded since inception
Employee separation costs			$	4														$	52
Asset impairment charges (1)			32															132
Other costs			—															4
Total restructuring charges (2)			$	36														$	188

_____________

(1)For Q1 2024, charges primarily relate to impairment of right-of-use assets and leasehold improvements for our Foster City campus. Cumulative charges recorded since inception also include impairment of right-of-use assets and leasehold improvements for our i3 campus.

(2)For Q1 2024, $35 million was recorded in SG&A expense and $1 million in R&D expense.

A summary of the restructuring liability is as follows:

In millions			Employee Separation Costs (1)												Other Costs						Total
Amount recorded in accrued liabilities as of December 31, 2023			$	17											$	1					$	18
Additional expense recorded			4												—						4
Cash payments			(9)												(1)						(10)
Adjustments to accrual			(2)												—						(2)
Amount recorded in accrued liabilities as of March 31, 2024			$	10											$	—					$	10

_____________

(1)It is expected that substantially all of the employee separation related restructuring charges will be paid by the end of Q2 2024.

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