Restructuring and Asset Impairment Charges Restructuring and Asset Impairment Charges

v2.4.0.8

Restructuring and Asset Impairment Charges Restructuring and Asset Impairment Charges	9 Months Ended
	Sep. 28, 2013
Restructuring Costs and Asset Impairment Charges [Abstract]
RestructuringAndAssetImpairmentCharges [Text Block]	Note 10: Restructuring and Asset Impairment Charges 2013 Restructuring Program In response to the current business environment, during the third quarter of 2013, management approved and communicated several restructuring actions including targeted workforce reductions as well as exit of certain businesses and facilities. These actions include the wind down of our 200mm wafer fabrication facility in Massachusetts, which we expect to cease production by the end of 2014. These targeted reductions will enable the company to focus our resources in areas providing the greatest benefit in the changing market. Restructuring and asset impairment charges at the end of each period were as follows:       Three Months Ended (In Millions)   Sep 28, 2013   Sep 29, 2012 Employee severance and benefit arrangements   $ 85   $ — Asset impairments   39   — Total restructuring and asset impairment charges   $ 124   $ — The following table summarizes the restructuring and asset impairment activity for the 2013 restructuring program: (In Millions)   Employee Severance and Benefits   Asset Impairments   Total Accrued restructuring balance as of December 29, 2012   $ —   $ —   $ — Additional accruals   85   39   124 Cash payments   (1 )   —   (1 ) Non-cash settlements   —   (39 )   (39 ) Accrued restructuring balance as of September 28, 2013   $ 84   $ —   $ 84 We recorded the additional accruals as restructuring and asset impairment charges in the consolidated condensed statements of income within the “all other” operating segment. The charges incurred during the third quarter of 2013 included $85 million related to employee severance and benefit arrangements, which impacted approximately 1,900 employees. The largest portion of these employee actions occurred within manufacturing. A majority of the remaining accrual as of September 28, 2013 relates to employee severance and benefits which are expected to be paid within the next 12 months and was recorded as a current liability within accrued compensation and benefits in the consolidated condensed balance sheet. Employee severance and benefits expected to be paid in periods beyond 12 months were recorded within other long-term liabilities in the consolidated condensed balance sheet. We may incur additional charges in the future under this restructuring plan for employee severance and benefit arrangements, as well as other facility or exit activities.