XML 27 R2.htm IDEA: XBRL DOCUMENT v3.25.0.1
Pay vs Performance Disclosure - USD ($)
 5 Months Ended 7 Months Ended 12 Months Ended 48 Months Ended
Jun. 01, 2023
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2023
Pay vs Performance Disclosure                
Pay vs Performance Disclosure, Table        
YearSummary Compensation Table Total for PEO (Templeton) (1)Summary Compensation Table Total for PEO (Ilan) (1)Compensation Actually Paid to PEO (Templeton) (3)Compensation Actually Paid to PEO (Ilan) (3)Average Summary Compensation Table Total for Non-PEO NEOs (2)Average Compensation Actually Paid to Non-PEO NEOs (3)Value of Initial Fixed $100 Investment Based on:Net Income (millions)Operating Profit (millions)
Total TSR (7)S&P IT Index Total TSR (7)
2024— $19,061,519 — $25,002,997 (4)$7,769,108 $10,830,173 (5)$167.93 $299.72 $4,799 $5,465 
2023$20,892,318 $16,199,037 $23,224,692 $16,399,282 $7,164,737 $7,393,056 $148.43 $219.40 $6,510 $7,331 
2022$21,629,586 —$11,834,806 — $7,959,226 $5,118,822 $139.51 $139.00 $8,749 $10,140 
2021$19,195,411 —$37,422,531 — $6,903,311 $11,327,790 $154.85 $193.58 $7,769 $8,960 
2020$19,056,652 —$43,654,015 — $5,827,815 $11,832,752 $131.74 $143.89 $5,595 $5,894 
      
Company Selected Measure Name     Operating profit          
Named Executive Officers, Footnote    
(1)Mr. Ilan served as the company’s principal executive officer (PEO) for 2024. During 2023, Messrs. Ilan and Templeton each served for a period of time as the company’s PEO, and Mr. Templeton was the company’s PEO for the entirety of 2022, 2021 and 2020. Compensation for the PEO reflects the amounts reported in the summary compensation table for Messrs. Ilan and Templeton for the corresponding years in which each served as the company’s PEO.
The remaining non-PEO named executive officers for the applicable period are Haviv Ilan (2020-2022), Rafael Lizardi (2020-2024), Richard Templeton (2024), Hagop Kozanian (2020-2024), Amichai Ron (2023-2024), Kyle Flessner (2020-2023) and Niels Anderskouv (2020). Compensation for our non-PEO named executive officers reflects the amounts reported in the summary compensation table for the respective years. 		         
Adjustment To PEO Compensation, Footnote    
(4)Adjustments to total compensation for 2024 as reported in the summary compensation table consist of (i) $15,000,084 deduction for amounts reported under the “Stock Awards” and “Option Awards” columns in the summary compensation table; (ii) $18,515,612 increase based on the fair value of equity awards granted in 2024 that remained outstanding and unvested as of December 31, 2024; (iii) $2,458,717 increase for equity awards granted in prior fiscal years that remained outstanding and unvested as of December 31, 2024, determined based on the change in fair value of such awards from December 31, 2023, to December 31, 2024; (iv) $701,826 decrease for awards granted in prior fiscal years that vested in 2024, determined based on the change in fair value of such awards from December 31, 2023, to the vest date; and (v) $669,059 increase based on dividend equivalents paid on unvested RSUs in 2024.
          
Non-PEO NEO Average Total Compensation Amount     $ 7,769,108 $ 7,164,737 $ 7,959,226 $ 6,903,311 $ 5,827,815  
Non-PEO NEO Average Compensation Actually Paid Amount     $ 10,830,173 7,393,056 5,118,822 11,327,790 11,832,752  
Adjustment to Non-PEO NEO Compensation Footnote     Adjustments to the non-PEO named executive officers’ average total compensation for 2024 as reported in the summary compensation table consist of (i) $5,625,139 deduction for the average amount reported under the “Stock Awards” and “Option Awards” columns in the summary compensation table; (ii) $6,943,481 increase based on the average fair value of equity awards granted in 2024 that remained outstanding and unvested as of December 31, 2024; (iii) $1,787,060 increase for equity awards granted in prior fiscal years that remained outstanding and unvested as of December 31, 2024, determined based on the average change in fair value of such awards from December 31, 2023, to December 31, 2024; (iv) $614,076 decrease for awards granted in prior fiscal years that vested in 2024, determined based on the average change in fair value of such awards from December 31, 2023, to the vest date; and (v) $569,739 increase based on the average amount of dividend equivalents paid on unvested RSUs in 2024.          
Equity Valuation Assumption Difference, Footnote     Reflects the value of equity calculated in accordance with the SEC methodology for determining compensation actually paid for each year shown. We estimate the fair values for non-qualified stock options using the Black-Scholes-Merton option-pricing model. The assumptions used for purposes of calculating fair values of options as of the vest date or fiscal year-end date are the same as the assumptions used for purposes of calculating the grant date fair value of options, except that we determine expected lives of options based on the “simplified method” using an average of the remaining vest and remaining term, as of the vest date or fiscal year-end date, and the risk-free interest rate is based on the Treasury Constant Maturity rate closest to the remaining expected life, as of the vest date or fiscal year-end date.          
Compensation Actually Paid vs. Total Shareholder Return    
Compensation actually paid to the PEO increased year over year by $1,778,305, or 8%, and $11,389,886, or 96%, in 2024 and 2023, respectively, and decreased year over year by $25,587,725, or 68%, and $6,231,484, or 14%, in 2022 and 2021, respectively. Compensation actually paid to the remaining non-PEO named executive officers increased year over year by $3,437,117, or 46%, and $2,274,234, or 44%, in 2024 and 2023, respectively, and decreased year over year by $6,208,968, or 55%, and $504,962, or 4%, in 2022 and 2021, respectively. During this period, the company’s cumulative TSR was 67.9%. Net income decreased year over year by $1.71 billion, or 26%, and $2.24 billion, or 26%, in 2024 and 2023, respectively, and increased year over year by $980 million, or 13%, and $2.17 billion, or 39%, in 2022 and 2021, respectively. Operating profit decreased year over year by $1.87 billion, or 25%, and $2.81 billion, or 28%, in 2024 and 2023, respectively, and increased year over year by $1.18 billion, or 13%, and $3.07 billion, or 52%, in 2022 and 2021, respectively.
TSR, net income and operating profit are some indicators of the company’s overall performance that may impact the value of total compensation; however, other performance measures and factors are considered in setting named executive officers’ compensation. See the Compensation Discussion and Analysis for additional information.
          
Compensation Actually Paid vs. Net Income    
Compensation actually paid to the PEO increased year over year by $1,778,305, or 8%, and $11,389,886, or 96%, in 2024 and 2023, respectively, and decreased year over year by $25,587,725, or 68%, and $6,231,484, or 14%, in 2022 and 2021, respectively. Compensation actually paid to the remaining non-PEO named executive officers increased year over year by $3,437,117, or 46%, and $2,274,234, or 44%, in 2024 and 2023, respectively, and decreased year over year by $6,208,968, or 55%, and $504,962, or 4%, in 2022 and 2021, respectively. During this period, the company’s cumulative TSR was 67.9%. Net income decreased year over year by $1.71 billion, or 26%, and $2.24 billion, or 26%, in 2024 and 2023, respectively, and increased year over year by $980 million, or 13%, and $2.17 billion, or 39%, in 2022 and 2021, respectively. Operating profit decreased year over year by $1.87 billion, or 25%, and $2.81 billion, or 28%, in 2024 and 2023, respectively, and increased year over year by $1.18 billion, or 13%, and $3.07 billion, or 52%, in 2022 and 2021, respectively.
TSR, net income and operating profit are some indicators of the company’s overall performance that may impact the value of total compensation; however, other performance measures and factors are considered in setting named executive officers’ compensation. See the Compensation Discussion and Analysis for additional information.
          
Compensation Actually Paid vs. Company Selected Measure    
Compensation actually paid to the PEO increased year over year by $1,778,305, or 8%, and $11,389,886, or 96%, in 2024 and 2023, respectively, and decreased year over year by $25,587,725, or 68%, and $6,231,484, or 14%, in 2022 and 2021, respectively. Compensation actually paid to the remaining non-PEO named executive officers increased year over year by $3,437,117, or 46%, and $2,274,234, or 44%, in 2024 and 2023, respectively, and decreased year over year by $6,208,968, or 55%, and $504,962, or 4%, in 2022 and 2021, respectively. During this period, the company’s cumulative TSR was 67.9%. Net income decreased year over year by $1.71 billion, or 26%, and $2.24 billion, or 26%, in 2024 and 2023, respectively, and increased year over year by $980 million, or 13%, and $2.17 billion, or 39%, in 2022 and 2021, respectively. Operating profit decreased year over year by $1.87 billion, or 25%, and $2.81 billion, or 28%, in 2024 and 2023, respectively, and increased year over year by $1.18 billion, or 13%, and $3.07 billion, or 52%, in 2022 and 2021, respectively.
TSR, net income and operating profit are some indicators of the company’s overall performance that may impact the value of total compensation; however, other performance measures and factors are considered in setting named executive officers’ compensation. See the Compensation Discussion and Analysis for additional information.
          
Total Shareholder Return Vs Peer Group    
The company’s cumulative TSR of 67.9% for the five-year period ending December 31, 2024, was lower than the S&P Information Technology Index return for the same period of 199.7%.
          
Tabular List, Table    
Revenue growth: total TI
Operating profit
Operating profit margin
Total shareholder return
          
Total Shareholder Return Amount     $ 167.93 148.43 139.51 154.85 131.74  
Peer Group Total Shareholder Return Amount     299.72 219.40 139.00 193.58 143.89  
Net Income (Loss)     $ 4,799,000,000 $ 6,510,000,000 $ 8,749,000,000 $ 7,769,000,000 $ 5,595,000,000  
Company Selected Measure Amount     5,465,000,000 7,331,000,000 10,140,000,000 8,960,000,000 5,894,000,000  
Additional 402(v) Disclosure     TSR represents the cumulative TSR for the company and the S&P Information Technology index over a five-year period beginning December 31, 2019, as of the years ended 2024, 2023, 2022, 2021 and 2020. TSR data is obtained from Research Data Group, Inc. (RDG).          
PEO Actually Paid Compensation, Increase (Decrease) Amount     $ (1,778,305) $ (25,587,725)        
PEO Actually Paid Compensation, Increase (Decrease), Percentage     (8.00%) (68.00%)        
Non-PEO Actually Paid Compensation, Increase (Decrease) Amount     $ (2,274,234) $ (6,208,968)        
Non-PEO Actually Paid Compensation, Increase (Decrease) Percentage     (44.00%) (55.00%)        
Cumulative Total Shareholder Return     67.90%         67.90%
Net Income (Loss), Increase (Decrease)     $ 1,710,000,000 $ 980,000,000 $ 2,170,000,000      
Net Income (Loss), Increase (Decrease), Percentage     26.00% 13.00% 39.00%      
Operating Income (Loss), Increase (Decrease)     $ 2,810,000,000 $ 1,180,000,000 $ 3,070,000,000.00      
Operating Income (Loss), Increase (Decrease), Percentage     28.00% 13.00% 52.00%      
S&P Information Technology Index Return Index     199.70%          
Measure:: 1                
Pay vs Performance Disclosure                
Name     Operating profit          
Measure:: 2                
Pay vs Performance Disclosure                
Name     Revenue growth: total TI          
Measure:: 3                
Pay vs Performance Disclosure                
Name     Operating profit margin          
Measure:: 4                
Pay vs Performance Disclosure                
Name     Total shareholder return          
Llan [Member]                
Pay vs Performance Disclosure                
PEO Total Compensation Amount     $ 19,061,519 $ 16,199,037        
PEO Actually Paid Compensation Amount     $ 25,002,997 16,399,282        
PEO Name   Mr. Ilan Mr. Ilan          
Templeton [Member]                
Pay vs Performance Disclosure                
PEO Total Compensation Amount       20,892,318 $ 21,629,586 $ 19,195,411 $ 19,056,652  
PEO Actually Paid Compensation Amount       $ 23,224,692 $ 11,834,806 $ 37,422,531 $ 43,654,015  
PEO Name Mr. Templeton       Mr. Templeton Mr. Templeton Mr. Templeton  
PEO | Llan [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount     $ (15,000,084)          
PEO | Llan [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount     18,515,612          
PEO | Llan [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount     2,458,717          
PEO | Llan [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount     (701,826)          
PEO | Llan [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount     669,059          
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount     (5,625,139)          
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount     6,943,481          
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount     1,787,060          
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount     (614,076)          
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount     $ 569,739