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Supplemental financial information (Tables)
12 Months Ended
Dec. 31, 2024
Disclosure Text Block Supplement [Abstract]  
Other income (expense), net (OI&E)
Other income (expense), net (OI&E)
For Years Ended December 31,
202420232022
Other income (a)$534 $483 $169 
Other expense (b)(38)(43)(63)
Total$496 $440 $106 
(a)Includes interest, royalty and lease income.
(b)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,
20242023
CHIPS Act incentives$904 $497 
Other296 264 
Total$1,200 $761 
Property, plant and equipment at cost
Property, plant and equipment at cost
Depreciable Lives (Years)December 31,
20242023
Land$113 $150 
Buildings and improvements
Up to 40
6,424 5,549 
Machinery and equipment
5 – 10
8,717 7,569 
Total$15,254 $13,268 
Schedule of goodwill
Goodwill by segment as of December 31, 2024 and 2023, is as follows:
Goodwill
Analog$4,158 
Embedded Processing172 
Other32 
Total$4,362 
Other long-term assets
Other long-term assets
December 31,
20242023
CHIPS Act incentives$2,246 $859 
Other1,102 853 
Total$3,348 $1,712 
Accrued expenses and other liabilities
Accrued expenses and other liabilities
December 31,
20242023
Accrued capital-related expenditures$352 $341 
Other723 570 
Total$1,075 $911 
Accumulated other comprehensive income (loss), net of taxes (AOCI)
Accumulated other comprehensive income (loss), net of taxes (AOCI)
December 31,
20242023
Postretirement benefit plans:
Net actuarial loss$(144)$(207)
Prior service credit1 — 
Unrealized gains on available-for-sale investments2 
Cash flow hedge derivative instruments1 — 
Total$(140)$(205)
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
202420232022
Net actuarial losses of defined benefit plans:
Recognized net actuarial loss and settlement losses (a)$13 $20 $78 Decrease to OI&E
Tax effect(3)(5)(17)Decrease to provision for income taxes
Recognized within net income, net of taxes$10 $15 $61 Decrease to net income
Prior service cost (credit) of defined benefit plans:
Amortization of prior service cost (credit) (a)$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)Decrease (increase) to net income
(a)Detailed in Note 7