XML 98 R46.htm IDEA: XBRL DOCUMENT v3.25.4
Postretirement Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Summary of PME Multi-Employer Plan
PME multi-employer plan202520242023
NXP’s contributions to the plan40 38 33 
(including employees’ contributions)8 7 8 
Average number of NXP’s active employees participating in the plan2,323 2,351 2,338 
NXP’s contribution to the plan exceeded more than 5 percent of the total contribution (as of December 31 of the plan’s year end)NoNoNo
Summary of Changes in Pension Benefit Obligations and Defined-Benefit Pension Plan Assets
The table below provides a summary of the changes in the pension benefit obligations and defined benefit pension plan assets for 2025 and 2024, associated with the Company’s dedicated plans, and a reconciliation of the funded status of these plans to the amounts recognized in the balance sheets.
20252024
Projected benefit obligation
Projected benefit obligation at beginning of year561 605 
Service cost15 14 
Interest cost19 18 
Actuarial (gains) and losses(45)(11)
Curtailments and settlements(5)— 
Benefits paid(27)(30)
Exchange rate differences54 (35)
Projected benefit obligation at end of year572 561 
Plan assets
Fair value of plan assets at beginning of year201 213 
Actual return on plan assets13 6 
Employer contributions26 26 
Curtailments and settlements(1)— 
Benefits paid(26)(29)
Exchange rate differences17 (15)
Fair value of plan assets at end of year230 201 
Funded status(342)(360)
Classification of the funded status is as follows
–   Prepaid pension cost within non-current assets26 8 
–   Accrued pension cost within other non-current liabilities(354)(356)
–   Accrued pension cost within accrued liabilities(14)(12)
Total(342)(360)
Accumulated benefit obligation
Accumulated benefit obligation for all Company-dedicated benefit pension plans545 535 
Plans with assets less than accumulated benefit obligation (including unfunded plans)
–   Fair value of plan assets58 88 
–   Accumulated benefit obligations400 431 
Amounts recognized in accumulated other comprehensive income (before tax)
Total AOCI at beginning of year46 60 
–   Net actuarial loss (gain)(58)(11)
–   Exchange rate differences1 (3)
Total AOCI at end of year(11)46 
Summary of Weighted Average Assumptions Used to Calculate Projected Benefit Obligations and Net Periodic Pension Cost
The weighted average assumptions used to calculate the projected benefit obligations were as follows:
20252024
Discount rate3.9 %3.3 %
Rate of compensation increase2.2 %2.2 %
The weighted average assumptions used to calculate the net periodic pension cost were as follows:
202520242023
Discount rate3.3 %3.2 %3.3 %
Expected returns on plan assets3.1 %3.4 %2.9 %
Rate of compensation increase2.2 %2.2 %2.2 %
Components of Net Periodic Pension Costs
The components of net periodic pension costs were as follows:
202520242023
Service cost15 14 12 
Interest cost on the projected benefit obligation19 18 18 
Expected return on plan assets(7)(7)(6)
Amortization of net (gain) loss3 2 0 
Net periodic cost30 27 24 
Summary of Actual Pension Plan Assets Allocation and Classification
The actual pension plan asset allocation at December 31, 2025, and 2024 is as follows:
20252024
Asset category:
Equity securities30 %27 %
Debt securities34 %35 %
Insurance contracts7 %7 %
Other29 %31 %
100 %100 %
The following table summarizes the classification of these assets.
20252024
Level ILevel IILevel IIILevel ILevel IILevel III
Equity securities— 56 — — 48 — 
Debt securities16 34 — 11 33 — 
Insurance contracts— 15 — — 13 — 
Other6 28 27 7 26 23 
22 133 27 18 120 23 
Summary of Estimated Future Pension Benefit Payments
The following benefit payments are expected to be made (including those for funded plans):
202630 
202730 
202832 
202935 
203037 
Years 2031-2035203