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Restructuring and other impairment charges (Tables) | 12 Months Ended
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Dec. 31, 2024
Restructuring and Related Activities [Abstract] |
Summary of Current Cost Estimates by Major Type of Cost | The following table provides a summary of the cost estimates by major type of expense associated with the 2024 Footprint realignment plan:
| Total estimated amount expected to be incurred
Plan expense estimates: | (Dollars in millions)
Restructuring charges (1) | $16 million to $20 million
Restructuring related charges (2) | $21 million to $26 million
Total restructuring and restructuring related charges | $37 million to $46 million
(1) Substantially all of the charges consist of employee termination benefit cost. (2) Consists of pre-tax charges related to accelerated depreciation and other costs directly related to the plan, primarily project management costs and costs to relocate manufacturing operations and support functions to the new locations. Substantially all of the charges are expected to be recognized within costs of goods sold. The following table provides a summary of the cost estimates by major type of expense associated with the 2023 Footprint realignment plan:
| Total estimated amount expected to be incurred
Plan expense estimates: | (Dollars in millions)
Restructuring charges (1) | $4 million to $6 million
Restructuring related charges (2) | $7 million to $9 million
Total restructuring and restructuring related charges | $11 million to $15 million
(1) Substantially all of the charges consist of employee termination benefit cost. (2) Restructuring related charges represent costs that are directly related to the 2023 Footprint realignment plan and principally constitute costs to transfer manufacturing operations to existing lower-cost locations and project management costs. Substantially all of these charges are expected to be recognized within cost of goods sold.
Schedule of Restructuring Reserve | The following table summarizes the restructuring reserve activity related to our 2024 Restructuring plan, 2024 Footprint realignment plan and 2023 Footprint realignment plan:
| 2024 Restructuring plan |  | 2024 Footprint realignment plan |  | 2023 Footprint realignment plan |  |
Balance at December 31, 2022 | $ | — |  |  | $ | — |  |  | $ | — |  |  |
Subsequent accruals | — |  |  | — |  |  | 1,451 |  |  |
Cash payments | — |  |  | — |  |  | (108) |  |  |
Balance at December 31, 2023 (1) | — |  |  | — |  |  | 1,343 |  |  |
Accruals | 6,100 |  |  | 11,203 |  |  | 1,377 |  |  |
Cash payments | (777) |  |  | (1,442) |  |  | (32) |  |  |
Foreign currency translation and other | 427 |  |  | 961 |  |  | — |  |  |
Balance at December 31, 2024 (1) | $ | 5,750 |  |  | $ | 10,722 |  |  | $ | 2,688 |  |  |
(1)The restructuring reserves as of December 31, 2024 and 2023 consisted mainly of accruals related to termination benefits. Other costs (facility closure, employee relocation, equipment relocation and outplacement costs) were expensed and paid in the same period.
Restructuring and Other Impairment Charges | The restructuring and impairment charges recognized for the years ended December 31, 2024, 2023, and 2022 consisted of the following:
| 2024
| Termination benefits |  | Other Costs (1) |  | Total
2024 Restructuring plan | $ | 6,086 |  |  | $ | 14 |  |  | $ | 6,100 |
2024 Footprint realignment plan | 11,164 |  |  | 39 |  |  | 11,203 |
2023 Restructuring plan | (1,524) |  |  | 82 |  |  | (1,442) |
2023 Footprint realignment plan | 1,344 |  |  | 33 |  |  | 1,377 |
2022 Restructuring plan | (1,454) |  |  | 22 |  |  | (1,432) |
Other restructuring programs (2) | (1,665) |  |  | 16 |  |  | (1,649) |
Total restructuring charges | 13,951 |  |  | 206 |  |  | 14,157 |
Asset impairment charges | — |  |  | 7,834 |  |  | 7,834 |
Total restructuring and other impairment charges | $ | 13,951 |  |  | $ | 8,040 |  |  | $ | 21,991 |
| 2023
| Termination benefits |  | Other Costs (1) |  | Total
2023 Restructuring plan | $ | 12,535 |  |  | $ | — |  |  | $ | 12,535 |
2023 Footprint realignment plan | 1,451 |  |  | — |  |  | 1,451 |
2022 Restructuring plan | 2,759 |  |  | 369 |  |  | 3,128 |
Respiratory divestiture plan | (946) |  |  | 17 |  |  | (929) |
Other restructuring programs (3) | (1,015) |  |  | 434 |  |  | (581) |
Total restructuring and other impairment charges | $ | 14,784 |  |  | $ | 820 |  |  | $ | 15,604 |
| 2022
| Termination benefits |  | Other Costs (1) |  | Total
2022 Restructuring plan | $ | 15,465 |  |  | $ | 58 |  |  | $ | 15,523 |
Respiratory divestiture plan | 504 |  |  | 74 |  |  | 578 |
2019 Footprint realignment plan | (1,120) |  |  | 133 |  |  | (987) |
2018 Footprint realignment plan | 1,230 |  |  | 846 |  |  | 2,076 |
Other restructuring programs (3) | 1,306 |  |  | 306 |  |  | 1,612 |
Total restructuring charges | 17,385 |  |  | 1,417 |  |  | 18,802 |
Asset impairment charges | — |  |  | 1,497 |  |  | 1,497 |
Total restructuring and other impairment charges | $ | 17,385 |  |  | $ | 2,914 |  |  | $ | 20,299 |
(1)Includes facility closure, contract termination and other exit costs. (2)Includes activity primarily related to our 2018 and 2019 Footprint realignment plans, which have concluded. (3)Includes activity primarily related to a restructuring plan initiated in the first quarter of 2022 that is designed to relocate manufacturing operations at certain of our facilities (the "2022 Manufacturing relocation plan") and our 2014, 2018, and 2019 Footprint realignment plans, which have concluded.

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.b.2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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