Quarterly report pursuant to Section 13 or 15(d)

Restructuring and Other Charges

Restructuring and Other Charges
9 Months Ended
Sep. 30, 2023
Restructuring and Related Activities [Abstract]  
Restructuring and Other Charges
Note 6 : Restructuring and Other Charges
Three Months Ended Nine Months Ended
(In Millions) Sep 30, 2023 Oct 1, 2022 Sep 30, 2023 Oct 1, 2022
Employee severance and benefit arrangements $ 59  $ 607  $ 191  $ 650 
Litigation charges and other 757  854  (1,199)
Asset impairment charges —  53  35  89 
Total restructuring and other charges $ 816  $ 664  $ 1,080  $ (460)
The 2022 Restructuring Program was approved in the third quarter of 2022 to rebalance our workforce and operations to create efficiencies and improve our product execution in alignment with our strategy. We expect these actions to be substantially completed by the end of 2023, but this is subject to change. Any changes to the estimates or timing of executing the 2022 Restructuring Program will be reflected in our results of operations.
Restructuring activity for the 2022 Restructuring Program during the first nine months of 2023 was as follows:
(In Millions)
Accrued restructuring balance as of December 31, 2022 $ 873 
Additional accruals 130 
Adjustments 56 
Cash payments (923)
Accrued restructuring balance as of September 30, 2023 $ 136 
The accrued restructuring balances as of September 30, 2023 and December 31, 2022 were recorded as current liabilities within accrued compensation and benefits on the Consolidated Condensed Balance Sheets. The cumulative cost of the 2022 Restructuring Program as of September 30, 2023 was $1.2 billion.
Litigation charges and other includes a $401 million charge in the third quarter of 2023 for an EC-imposed fine. In 2009, we recorded and paid an EC fine that was subsequently annulled, resulting in a benefit of $1.2 billion in the first quarter of 2022. Refer to "Note 13: Contingencies" within the Notes to Consolidated Condensed Financial Statements for further information on legal proceedings related to the EC fine.
Also in the third quarter of 2023 we mutually agreed with Tower to terminate the agreement we entered into during the first quarter of 2022 to acquire Tower in a cash-for-stock transaction, representing a total enterprise value of approximately $5.4 billion as of the agreement date. We mutually agreed to terminate the agreement due to our inability to obtain required regulatory approvals in a timely manner and we paid a termination fee in accordance with the terms of the agreement, resulting in a $353 million charge included in Litigation charges and other.