v3.22.4
Supplemental financial information
 12 Months Ended
Dec. 31, 2022
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,
202220212020
Restructuring charges (a)$— $— $25 
Integration charges (b)257 104 — 
Gains on sales of assets (c)— (50)(1)
Restructuring charges/other$257 $54 $24 
(a)Includes severance and benefits, changes in estimates and other exit costs.
(b)Includes costs related to our purchase of the Lehi, Utah, manufacturing facility, as well as preproduction costs before December 2022.
(c)Includes a $50 million gain from the sale of property in October 2021.
Other income (expense), net (OI&E)
For Years Ended December 31,
202220212020
Other income (a)$168 $145 $327 
Other expense (b)(62)(2)(14)
Total$106 $143 $313 
(a)Other income includes interest, royalty and lease income, as well as investment gains and losses and reversals of tax interest accruals.
(b)Other expense includes a portion of pension and other retiree benefit costs, currency gains and losses and miscellaneous items.
Property, plant and equipment at cost
Depreciable Lives (Years)December 31,
20222021
Landn/a$132 $132 
Buildings and improvements
5 – 40
4,154 3,490 
Machinery and equipment
2 – 10
5,664 4,236 
Total$9,950 $7,858 
Goodwill
Goodwill by segment as of December 31, 2022 and 2021, is as follows:
Goodwill
Analog$4,158 
Embedded Processing172 
Other32 
Total$4,362 
We perform our annual goodwill impairment test in the fourth quarter and determine whether the fair value of each of our reporting units is in excess of its carrying value. In 2022, we elected to perform a qualitative analysis to assess impairment of goodwill rather than to perform the quantitative goodwill impairment test. The key qualitative factors considered in the assessment included changes in the industry and competitive environment, market capitalization and overall financial performance. Based on this qualitative analysis, we determined that it was more likely than not that the fair value of each reporting unit exceeded its carrying value. In 2022, 2021 and 2020, we determined no impairment was indicated.
Accrued expenses and other liabilities
December 31,
20222021
Accrued construction retainage$149 $82 
Other497 520 
Total$646 $602 
Other long-term liabilities
December 31,
20222021
Operating lease liabilities$344 $383 
Deferred compensation plans326 395 
Long-term portion of transition tax on indefinitely reinvested earnings302 403 
Other254 186 
Total$1,226 $1,367 
Accumulated other comprehensive income (loss), net of taxes (AOCI)
December 31,
20222021
Postretirement benefit plans:
Net actuarial loss$(249)$(155)
Prior service cost(1)— 
Unrealized losses on available-for-sale investments(3)— 
Cash flow hedge derivative instruments(1)(2)
Total$(254)$(157)
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 2022, 2021 and 2020. 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
202220212020
Net actuarial losses of defined benefit plans:
Recognized net actuarial loss and settlement losses (a)$78 $37 $38 Decrease to OI&E
Tax effect(17)(8)(9)Decrease to provision for income taxes
Recognized within net income, net of taxes$61 $29 $29 Decrease to net income
Prior service cost of defined benefit plans:
Amortization of prior service cost (a)$(1)$(1)$(1)Increase to OI&E
Tax effect— — — Increase to provision for income taxes
Recognized within net income, net of taxes$(1)$(1)$(1)Increase to net income
(a)Detailed in Note 7