We design and manufacture semiconductors that we sell to electronics designers and manufacturers all over the world. We have two reportable segments, Analog and Embedded Processing, each of which represents groups of similar products that are combined on the basis of similar design and development requirements, product characteristics, manufacturing processes and distribution channels. Our segments also reflect how management allocates resources and measures results.

•Analog semiconductors change real-world signals, such as sound, temperature, pressure or images, by conditioning them, amplifying them and often converting them to a stream of digital data that can be processed by other semiconductors, such as embedded processors. Analog semiconductors are also used to manage power in all electronic equipment by converting, distributing, storing, discharging, isolating and measuring electrical energy, whether the equipment is plugged into a wall or using a battery. Our Analog segment consists of two major product lines: Power and Signal Chain.

•Embedded Processing products are the digital “brains” of many types of electronic equipment. They are designed to handle specific tasks and can be optimized for various combinations of performance, power and cost, depending on the application.

We report the results of our remaining business activities in Other. Other includes operating segments that do not meet the quantitative thresholds for individually reportable segments and cannot be aggregated with other operating segments. Other includes DLP® products, calculators and custom ASIC products.

In Other, we also include items that are not used in evaluating the results of or in allocating resources to our segments. Examples of these items include acquisition, integration and restructuring charges (see Note 11); and certain corporate-level items, such as litigation expenses, environmental costs, insurance settlements, and gains and losses from other activities, including asset dispositions. We allocate the remainder of our expenses associated with corporate activities to our operating segments based on specific methodologies, such as percentage of operating expenses or headcount.

Our centralized manufacturing and support organizations, such as facilities, procurement and logistics, provide support to our operating segments, including those in Other. Costs incurred by these organizations, including depreciation, are charged to the segments on a per-unit basis. Consequently, depreciation expense is not an independently identifiable component within the segments’ results and, therefore, is not provided.

With the exception of goodwill, we do not identify or allocate assets by operating segment, nor does the chief operating decision maker evaluate operating segments using discrete asset information. We have no material intersegment revenue. The accounting policies of the segments are consistent with those described in the summary of significant accounting policies and practices.

Segment information


	For Years Ended December 31,
	2023		2022		2021
Revenue:
Analog	$	13,040	$	15,359	$	14,050
Embedded Processing	3,368		3,261		3,049
Other	1,111		1,408		1,245
Total revenue	$	17,519	$	20,028	$	18,344

Operating profit:
Analog	$	5,821	$	8,359	$	7,393
Embedded Processing	1,008		1,253		1,174
Other	502		528		393
Total operating profit	$	7,331	$	10,140	$	8,960

Our estimate for revenue based on the geographic location of our end customers’ headquarters, which represents where critical decisions are made, is as follows:


	For Years Ended December 31,
	2023				2022				2021
Revenue:
United States	$	5,814	33	%	$	6,609	33	%	$	6,237	34	%
China	3,293		19		4,807		24		4,586		25
Rest of Asia	1,721		10		2,003		10		2,018		11
Europe, Middle East and Africa (a)	4,642		26		4,807		24		3,852		21
Japan	1,782		10		1,602		8		1,468		8
Rest of world	267		2		200		1		183		1
Total revenue	$	17,519	100	%	$	20,028	100	%	$	18,344	100	%

(a)Revenue from end customers headquartered in Germany was 13%, 11% and 9% of total revenue in 2023, 2022 and 2021, respectively.

Property, plant and equipment by geographic area, based on physical location:


	December 31,
	2023		2022
Property, plant and equipment:
United States	$	7,548	$	5,134
China	731		648
Rest of Asia	1,433		896
Europe, Middle East and Africa	68		44
Japan	169		121
Rest of world	50		33
Total property, plant and equipment	$	9,999	$	6,876