As announced on February 4, 2026, we have entered into a definitive agreement to acquire Silicon Labs for $231.00 per share in an all-cash transaction, representing a total enterprise value of approximately $7.5 billion. Under the terms of the agreement, Silicon Labs stockholders will receive $231.00 in cash for each share of Silicon Labs common stock they hold at the time of closing, which is expected in the first half of 2027, subject to receipt of regulatory approvals and other customary closing conditions. We expect to fund the transaction with a combination of cash on hand and debt financing. During the second quarter and first six months of 2026, we incurred $17 million and $34 million of acquisition charges, respectively.

Our Consolidated Statements of Comprehensive Income include items that have been recognized within net income during the second quarters of 2026 and 2025. The table below details where these transactions are recorded in our Consolidated Statements of Income.


	For Three Months Ended				For Six Months Ended				Impact to Related Statement of Income Lines
	June 30,				June 30,
	2026		2025		2026		2025
Net actuarial losses of defined benefit plans:
Recognized net actuarial losses and settlement losses (a)	$	1	$	5	$	1	$	8	Decrease (increase) to OI&E
Tax effect	—		(1)		—		(2)		(Decrease) increase to provision for income taxes
Recognized within net income, net of taxes	$	1	$	4	$	1	$	6	Decrease (increase) to net income

Prior service cost (credit) of defined benefit plans:
Amortization of prior service cost (credit) (a)	$	1	$	—	$	2	$	—	Decrease (increase) to OI&E
Tax effect	(1)		—		(1)		—		(Decrease) increase to provision for income taxes
Recognized within net income, net of taxes	$	—	$	—	$	1	$	—	Decrease (increase) to net income

The following table reflects the changes in treasury shares:


			2026
Balance, January 1			834
Repurchases			1
Shares issued for stock compensation			(4)
Balance, March 31			831

Repurchases			—
Shares issued for stock compensation			(3)
Balance, June 30			828