Intel Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Restructuring and Other Charges

Restructuring and Other Charges

6 Months Ended

Jun. 26, 2021

Restructuring and Related Activities [Abstract]


Note 6 :			Restructuring and Other Charges

A restructuring program, which is ongoing, was approved in the first quarter of 2020 to further align our workforce with our continuing investments in the business and to execute the planned divestiture of Home Gateway Platform, a division of CCG. These actions are expected to be substantially completed in 2021.


	Three Months Ended				Six Months Ended
(In Millions)	Jun 26, 2021		Jun 27, 2020		Jun 26, 2021		Jun 27, 2020
Employee severance and benefit arrangements	$	15	$	1	$	22	$	106

Litigation charges and other	49		—		2,251		57
Asset impairment charges	282		8		282		8
Total restructuring and other charges	$	346	$	9	$	2,555	$	171

Litigation charges and other includes a charge of $2.2 billion in the first quarter of 2021 related to the VLSI litigation, which is recorded as a Corporate charge in the "all other" category presented in "Note 2: Operating Segments" within Notes to Consolidated Condensed Financial Statements. Refer to "Note 13: Contingencies" within Notes to Consolidated Condensed Financial Statements for further information on legal proceedings related to the VLSI litigation.

Asset impairment charges includes 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. The goodwill related to these businesses was impaired, resulting in a charge of $237 million recognized in the “all other” category along with other impairment charges related to these businesses.