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Restructuring and impairment charges (Tables)
6 Months Ended
Jul. 02, 2023
Restructuring and Related Activities [Abstract]  
Summary Of Current Cost Estimates By Major Type Of Cost Table The following table provides a summary of our cost estimates by major type of expense associated with the Respiratory divestiture plan:
Total estimated amount expected to be incurred
Plan expense estimates:(Dollars in millions)
Restructuring charges (1)
$5 million to $8 million
Restructuring related charges (2)
$19 million to $22 million
Total restructuring and restructuring related charges
$24 million to $30 million
(1) Substantially all of the charges consist of employee termination benefit costs.
(2)Consist of charges that are directly related to the Respiratory divestiture plan and principally constitute costs to transfer manufacturing operations to other locations and project management costs. Substantially all of the charges are expected to be recognized within costs of goods sold.
Restructuring and Other Impairment Charges
Restructuring and impairment charges recognized for the three and six months ended July 2, 2023 and June 26, 2022 consisted of the following:
Three Months Ended July 2, 2023
Termination Benefits
Other Costs (1)
Total
2022 Restructuring plan$984 $138 $1,122 
Respiratory divestiture plan127 — 127 
Other restructuring programs (2)
73 186 259 
Restructuring charges$1,184 $324 $1,508 
Three Months Ended June 26, 2022
Termination Benefits
Other Costs (1)
Total
Respiratory divestiture plan$129 $31 $160 
2019 Footprint realignment plan(400)21 (379)
2018 Footprint realignment plan153 233 386 
Other restructuring programs (3)
(406)156 (250)
Restructuring charges$(524)$441 $(83)
Six Months Ended July 2, 2023
Termination Benefits
Other Costs (1)
Total
2022 Restructuring plan$3,117 $211 $3,328 
Respiratory divestiture plan255 12 267 
Other restructuring programs (2)
(241)375 134 
Restructuring charges$3,131 $598 $3,729 
Six Months Ended June 26, 2022
Termination Benefits
Other Costs (1)
Total
Respiratory divestiture plan$235 $45 $280 
2019 Footprint realignment plan(1,070)45 (1,025)
2018 Footprint realignment plan311 295 606 
Other restructuring programs (3)
726 238 964 
Restructuring charges202 623 825 
Asset impairment charges— 1,497 1,497 
Restructuring and impairment charges$202 $2,120 $2,322 
(1) Other costs include facility closure, contract termination and other exit costs.
(2) Includes activity primarily related to our 2014, 2018, and 2019 Footprint realignment plans.
(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 2021 Restructuring plan and the 2014 Footprint realignment plan.