Supplemental Financial Information

12 Months Ended

Dec. 31, 2019

Disclosure Text Block Supplement [Abstract]

Supplemental financial information

Supplemental financial information

Restructuring charges/other

Restructuring charges/other are included in Other for segment reporting purposes and are comprised of the following components:

	For Years Ended December 31,
	2019		2018		2017
Restructuring charges (a)	$	(15)	$	6	$	11
Gains on sales of assets	(21)		(3)		—
Restructuring charges/other	$	(36)	$	3	$	11

(a)Includes severance and benefits, accelerated depreciation, changes in estimates or other exit costs.

Changes in accrued restructuring balances

	2019		2018		2017
Balance, January 1	$	28	$	29	$	40
Restructuring charges	(15)		6		11
Non-cash items (a)	—		(3)		(1)
Payments	(13)		(4)		(21)
Balance, December 31	$	—	$	28	$	29

(a)Reflects charges for impacts of accelerated depreciation and changes in exchange rates.

The restructuring accrual balances are reported as a component of either accrued expenses and other liabilities or other long-term liabilities on our Consolidated Balance Sheets, depending on the expected timing of payment.

In April 2019, we sold our manufacturing facility in Greenock, Scotland.

In January 2020, we announced a multiyear plan to close our two remaining factories with 150-millimeter production, which are more than 50 years old and located in Sherman and Dallas, Texas. Production will be transitioned from these sites to our more advanced and cost-effective 300-millimeter wafer fabrication facilities in North Texas. We expect this transition to be completed in the next three to five years. Charges for these closures cannot be reasonably estimated until a later phase of the transition.

Other income (expense), net (OI&E)

	For Years Ended December 31,
	2019		2018		2017
Other income (a)	$	197	$	150	$	163
Other expense (b)	(22)		(52)		(88)
Total	$	175	$	98	$	75

(a)Other income includes interest, royalty and lease income, as well as investment gains and losses.

(b)Other expense includes a portion of pension and other retiree benefit costs. It also includes currency gains and losses, tax interest and miscellaneous items.

Property, plant and equipment at cost

	Depreciable Lives (Years)	December 31,
		2019		2018
Land	n/a	$	126	$	128
Buildings and improvements	5 – 40	2,504		2,497
Machinery and equipment	2 – 10	3,110		2,800
Total		$	5,740	$	5,425

Other long-term liabilities

	December 31,
	2019		2018
Long-term portion of transition tax on indefinitely reinvested earnings	$	506	$	506
Uncertain tax positions	303		286
Deferred compensation plans	298		246
Operating lease liabilities	259		—
Other	148		152
Total	$	1,514	$	1,190

Accumulated other comprehensive income (loss), net of taxes (AOCI)

	December 31,
	2019		2018
Postretirement benefit plans:
Net actuarial loss	$	(347)	$	(473)
Prior service credit	2		2
Cash flow hedge derivative instruments	(2)		(2)
Total	$	(347)	$	(473)

Details on amounts reclassified out of accumulated other comprehensive income (loss), net of taxes, to net income

Our Consolidated Statements of Comprehensive Income include items that have been recognized within net income in 2019, 2018 and 2017. The table below details where these transactions are recorded in our Consolidated Statements of Income.

	For Years Ended December 31,						Impact to Related Statement of Income Lines
	2019		2018		2017
Net actuarial losses of defined benefit plans:
Recognized net actuarial loss and settlement losses (a)	$	51	$	65	$	83	Decrease to OI&E
Tax effect	(13)		(15)		(27)		Decrease to provision for income taxes
Recognized within net income, net of taxes	$	38	$	50	$	56	Decrease to net income
Prior service credit of defined benefit plans:
Amortization of prior service credit (a)	$	—	$	(4)	$	(6)	Increase to OI&E
Tax effect	—		1		1		Increase to provision for income taxes
Recognized within net income, net of taxes	$	—	$	(3)	$	(5)	Increase to net income
Derivative instruments:
Amortization of treasury-rate locks	$	—	$	—	$	1	Increase to interest and debt expense
Tax effect	—		—		—		Decrease to provision for income taxes
Recognized within net income, net of taxes	$	—	$	—	$	1	Decrease to net income

(a)Detailed in Note 8.