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

9 Months Ended

Sep. 25, 2021

Restructuring and Related Activities [Abstract]


Note 6 :			Restructuring and Other Charges

A restructuring program 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 substantially complete as of September 25, 2021.


	Three Months Ended				Nine Months Ended
(In Millions)	Sep 25, 2021		Sep 26, 2020		Sep 25, 2021		Sep 26, 2020
Employee severance and benefit arrangements	$	21	$	(17)	$	43	$	90

Litigation charges and other	16		(2)		2,267		54
Asset impairment charges	5		(6)		287		2
Total restructuring and other charges	$	42	$	(25)	$	2,597	$	146

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 second quarter of 2021 in the “all other” category along with other impairment charges related to these businesses.