Supplemental financial information (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure Text Block Supplement [Abstract]

Restructuring charges and other

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

	For Years Ended December 31,
	2023		2022		2021
Integration charges (a)	$	—	$	257	$	104
Gains on sales of assets (b)	—		—		(50)
Restructuring charges/other	$	—	$	257	$	54

(a)Includes costs related to our purchase of the Lehi, Utah, manufacturing facility, as well as preproduction costs before December 2022.

(b)Includes a $50 million gain from the sale of property in October 2021.

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

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

	For Years Ended December 31,
	2023		2022		2021
Other income (a)	$	483	$	169	$	145
Other expense (b)	(43)		(63)		(2)
Total	$	440	$	106	$	143

(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, lease expense, tax interest, currency gains and losses and miscellaneous items.

Prepaid expenses and other current assets

Prepaid expenses and other current assets

	December 31,
	2023		2022
U.S. CHIPS and Science Act investment tax credit	$	497	$	—
Other	264		302
Total	$	761	$	302

Property, plant and equipment at cost

Property, plant and equipment at cost

	Depreciable Lives (Years)	December 31,
		2023		2022
Land	n/a	$	150	$	132
Buildings and improvements	5 – 40	5,549		4,154
Machinery and equipment	5 – 10	7,569		5,664
Total		$	13,268	$	9,950

Schedule of goodwill

Goodwill by segment as of December 31, 2023 and 2022, is as follows:

	Goodwill
Analog	$	4,158
Embedded Processing	172
Other	32
Total	$	4,362

Other long-term assets

Other long-term assets

	December 31,
	2023		2022
U.S. CHIPS and Science Act investment tax credit	$	859	$	395
Other	853		740
Total	$	1,712	$	1,135

Accrued expenses and other liabilities

Accrued expenses and other liabilities

	December 31,
	2023		2022
Accrued capital-related expenditures	$	341	$	191
Other	570		455
Total	$	911	$	646

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

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

	December 31,
	2023		2022
Postretirement benefit plans:
Net actuarial loss	$	(207)	$	(249)
Prior service cost	—		(1)
Unrealized gains (losses) on available-for-sale investments	2		(3)
Cash flow hedge derivative instruments	—		(1)
Total	$	(205)	$	(254)

Amounts reclassified out of accumulated other comprehensive income (loss), net of taxes, to net income

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
	2023		2022		2021
Net actuarial losses of defined benefit plans:
Recognized net actuarial loss and settlement losses (a)	$	20	$	78	$	37	Decrease to OI&E
Tax effect	(5)		(17)		(8)		Decrease to provision for income taxes
Recognized within net income, net of taxes	$	15	$	61	$	29	Decrease to net income
Prior service cost (credit) of defined benefit plans:
Amortization of prior service cost (credit) (a)	$	1	$	(1)	$	(1)	Decrease (increase) to OI&E
Tax effect	—		—		—		(Decrease) increase to provision for income taxes
Recognized within net income, net of taxes	$	1	$	(1)	$	(1)	Decrease (increase) to net income

(a)Detailed in Note 7