Quarterly report [Sections 13 or 15(d)]

Restructuring and Other Charges (Tables)

v3.25.1
Restructuring and Other Charges (Tables)
3 Months Ended
Mar. 29, 2025
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Other Charges
Three Months Ended
(In Millions) Mar 29, 2025 Mar 30, 2024
Employee severance and benefit arrangements $ 142  $ 129 
Litigation charges and other 11  — 
Asset impairment charges 219 
Total restructuring and other charges $ 156  $ 348 
Schedule of Restructuring Activity
Restructuring activities related to employee severance and benefit arrangements under the 2024 Restructuring Plan were as follows for the first quarter of 2025:
(In Millions)
Accrued restructuring balance as of December 28, 2024 $ 302 
Accruals and adjustments 140 
Cash payments (277)
Accrued restructuring balance as of March 29, 2025 $ 165