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Restructuring, Impairment and Other Charges and Credits (Tables)
12 Months Ended
Dec. 31, 2024
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,
202420232022
Severance (1)
$45 $187 $70 
Capacity optimization128 176 219 
Other charges and credits (2)
234 108 125 
Total restructuring, impairment and other charges and credits (3)
$407 $471 $414 
(1)Severance charges in the years ended December 31, 2024 and 2023 include $6 million and $20 million, respectively, in curtailment and special termination benefit charges.
(2)Other charges and credits primarily include the recognition of non-cash cumulative foreign currency translation losses related to the substantial liquidation and disposition of foreign entities, disposal costs and inventory write-downs.
(3)Amounts impacting gross margin in the consolidated statements of income were $211 million, $283 million and $337 million for the years ended December 31, 2024, 2023 and 2022, respectively.