Restructuring charges/other

Restructuring charges/other is comprised of the following components:



	For Three Months Ended March 31,
	2014			2013		Cumulative Since January 1, 2011
Restructuring charges by action:
2013 actions
Severance and benefits cost	$	27		$	—	$	76
Other exit costs	5			—		5
	32			—		81
2012 Wireless action
Severance and benefits cost (a)	(6		)	4		269
Accelerated depreciation	—			3		9
Other exit costs	—			2		105
	(6		)	9		383
Prior actions
Severance and benefits cost	—			—		119
Accelerated depreciation	1			5		29
Other exit costs (a)	(1		)	1		52
	—			6		200
Total restructuring charges	26			15		$	664

Other:
Gains on sales of assets	(37		)	—
Restructuring charges/other	$	(11	)	$	15

(a) Reflects a change in estimate for the three months ended March 31, 2014.

Restructuring charges/other are recognized in Other.

2013 actions

In January 2014, we announced cost-saving actions in Embedded Processing and in Japan to reduce expenses and focus our investments on markets with greater potential for sustainable growth and strong long-term returns, which we expect to substantially complete by mid-2015. Cost reductions include the elimination of about 1,100 jobs worldwide. Total restructuring charges related to these actions are expected to be about $85 million, of which $81 million has been recognized through March 31, 2014, consisting of $76 million for severance and benefit costs and $5 million in other exit costs. In the fourth quarter of 2013, we recorded restructuring charges of $49 million related to the action in Embedded Processing, with another $32 million related to Japan recognized for voluntary benefits accepted by participants in the first quarter of 2014. As of March 31, 2014, $1 million has been paid to terminated employees for severance and benefits.

2012 Wireless action

In 2012, we announced a restructuring of our Wireless business to reduce expenses and focus our investments on markets with greater potential for sustainable growth and strong long-term returns. This action is now complete. We recognized $383 million in cumulative restructuring charges, including a $90 million impairment of goodwill. As of March 31, 2014, $198 million has been paid to terminated employees for severance and benefits.

Prior actions

In 2012, we announced closure of two older semiconductor manufacturing facilities in Houston, Texas, and Hiji, Japan. We recognized $200 million in cumulative restructuring charges related to these closures, completing both by the end of 2013. As of March 31, 2014, $101 million has been paid to terminated employees for severance and benefits.

As of March 31, 2014, and December 31, 2013, we carried immaterial liabilities related to actions commenced in 2008 and 2009.

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



	2013 Actions					2012 Wireless Action			Prior Actions
	Severance and Benefits			Other Charges		Severance and Benefits			Severance and Benefits			Other Charges			Total
Remaining accrual at December 31, 2013	$	49		$	—	$	95		$	10		$	7		$	161
Restructuring charges	27			5		(6		)	—			—			26
Non-cash items (a)	—			—		—			—			(1		)	(1		)
Payments	(1		)	—		(18		)	(4		)	(2		)	(25		)
Remaining accrual at March 31, 2014	$	75		$	5	$	71		$	6		$	4		$	161

(a) 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.

Other

Gains on sales of assets

During the first quarter of 2014, we completed the sale of our site in Nice, France. The planned shut-down of this site was part of our 2012 Wireless restructuring action. As a result of the sale, we recognized a gain of $30 million. We also recognized gains of $7 million tied to the sales of other assets associated with our Houston and Hiji sites.