Quarterly report pursuant to Section 13 or 15(d)

Restructuring and Other Charges

v3.22.2
Restructuring and Other Charges
 6 Months Ended
Jul. 02, 2022
Restructuring and Related Activities [Abstract]  
Restructuring and Other Charges
Note 5 : Restructuring and Other Charges
Three Months Ended Six Months Ended
(In Millions) Jul 2, 2022 Jun 26, 2021 Jul 2, 2022 Jun 26, 2021
Employee severance and benefit arrangements $ 38  $ 15  $ 43  $ 22 
Litigation charges and other 13  49  (1,203) 2,251 
Asset impairment charges 36  282  36  282 
Total restructuring and other charges $ 87  $ 346  $ (1,124) $ 2,555 
Litigation charges and other includes $1.2 billion in the first quarter of 2022 from the annulled penalty related to an EC fine that was recorded and paid in 2009, and a charge of $2.2 billion in the first quarter of 2021 related to the VLSI litigation. These were recorded as a Corporate benefit and charge, respectively, in the "all other" category presented in "Note 2: Operating Segments" within Notes to Consolidated Condensed Financial Statements. Refer to "Note 12: Contingencies" within Notes to Consolidated Condensed Financial Statements for further information on legal proceedings related to the EC fine and the VLSI litigation.
Asset impairment charges includes $237 million of goodwill and other impairments related to the shutdown in the second quarter of 2021 of two of our non-strategic businesses, the results of which are included in the “all other” category presented in “Note 2: Operating Segments” within Notes to Consolidated Condensed Financial Statements.