Restructuring charges/other

Restructuring actions related to the acquisition of National are discussed in Note 2 and are reflected on the Acquisition charges line of our Consolidated statements of income.

2012 Wireless action

In November 2012, we announced an action concerning our former Wireless segment that, when complete, is expected to reduce annualized expenses by about $450 million and will focus our investments on embedded markets with greater potential for sustainable growth. About 1,700 jobs worldwide are expected to be eliminated. As of March 31, 2013, we have recognized $360 million of charges in Other, consisting of: $249 million for severance and benefit costs and other non-cash items of $6 million of accelerated depreciation of the affected facilities' assets, $15 million for other exit-related costs and $90 million for the non-tax deductible impairment of goodwill. We recognized $9 million of these charges in the first quarter of 2013, consisting of: $4 million for severance and benefits, $3 million of accelerated depreciation and $2 million for other exit-related costs. We estimate that this action will be substantially complete by the end of 2013. As of March 31, 2013, $33 million has been paid to terminated employees for severance and benefits related to this action.

2011 actions

Beginning in the fourth quarter of 2011, we recognized restructuring charges associated with the announced plans to close two older semiconductor manufacturing facilities in Houston, Texas, and Hiji, Japan, by mid-2013. The total charge for these closures is estimated at $215 million of which about $135 million will be for severance and related benefits, about $30 million will be for accelerated depreciation of facility assets and about $50 million will be for other exit costs. As of March 31, 2013, we have recognized $167 million of charges in Other. The Restructuring charges of $6 million recognized in the first quarter of 2013 consist of $5 million of accelerated depreciation and $1 million for other exit-related costs. Restructuring charges for the first quarter of 2012 were $10 million consisting of other exit costs. As of March 31, 2013, about $30 million has been paid to terminated employees for severance and benefits related to this action.

The table below reflects the changes in accrued restructuring balances associated with these actions:



	2012 Action						2011 Action						Prior Actions
	Severance and Benefits			Other Charges			Severance and Benefits			Other Charges			Severance and Benefits			Other Charges		Total
Remaining accrual at December 31, 2012	$	241		$	—		$	94		$	3		$	5		$	6	$	349
Restructuring charges	4			5			—			6			—			—		15
Non-cash items (a)	—			(3		)	—			(5		)	—			—		(8		)
Payments	(29		)	—			(19		)	(3		)	(2		)	—		(53		)
Remaining accrual at March 31, 2013	$	216		$	2		$	75		$	1		$	3		$	6	$	303

(a) Reflects charges for stock-based compensation, impacts of postretirement benefit plans and accelerated depreciation.

The accrual balances above are primarily a component of Accrued expenses and other liabilities or Deferred credits and other liabilities on our Consolidated balance sheets, depending on the expected timing of payment.