Quarterly report pursuant to Section 13 or 15(d)

Restructuring and Other Charges

Restructuring and Other Charges
3 Months Ended
Mar. 30, 2024
Restructuring and Related Activities [Abstract]  
Restructuring and Other Charges
Note 6 : Restructuring and Other Charges
Three Months Ended
(In Millions) Mar 30, 2024 Apr 1, 2023
Employee severance and benefit arrangements $ 129  $ (39)
Litigation charges and other —  77 
Asset impairment charges 219  26 
Total restructuring and other charges $ 348  $ 64 
Employee severance and benefit arrangements includes a charge of $129 million in the first quarter of 2024 relating to actions taken to streamline operations and to reduce costs. We expect these actions to be substantially completed by the third quarter of 2024, but this is subject to change. Any changes to the estimates or timing will be reflected in our results of operations.
Asset impairment charges includes a goodwill impairment loss of $222 million in the first quarter of 2024 related to our new Intel Foundry reporting unit. Refer to "Note 2: Operating Segments" within Notes to Consolidated Condensed Financial Statements for further information on our business reorganization and goodwill impairment.