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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Oct. 03, 2021
Sep. 27, 2020
Oct. 03, 2021
Sep. 27, 2020
Revenue:        
Total revenue $ 1,108 $ 794 $ 3,327 $ 2,286
Cost of revenue:        
Amortization of acquired intangible assets 18 7 31 21
Total cost of revenue 338 268 990 713
Gross profit 770 526 2,337 1,573
Operating expense:        
Research and development 436 172 835 483
Selling, general and administrative 879 192 1,666 643
Total operating expense 1,315 364 2,501 1,126
(Loss) income from operations (545) 162 (164) 447
Other income (expense):        
Interest income 0 5 0 26
Interest expense (14) (11) (48) (33)
Other income, net 979 59 1,010 117
Total other income, net 965 53 962 110
Income before income taxes 420 215 798 557
Provision for income taxes 103 36 148 158
Net income $ 317 $ 179 $ 650 $ 399
Earnings per share:        
Basic (in dollars per share) $ 2.09 $ 1.22 $ 4.39 $ 2.72
Diluted (in dollars per share) $ 2.08 $ 1.21 $ 4.36 $ 2.70
Shares used in computing earnings per share:        
Basic (in shares) 152 146 148 147
Diluted (in shares) 153 148 149 148
Product revenue        
Revenue:        
Total revenue $ 978 $ 676 $ 2,903 $ 1,904
Cost of revenue:        
Cost of revenue 264 209 782 535
Service and other revenue        
Revenue:        
Total revenue 130 118 424 382
Cost of revenue:        
Cost of revenue $ 56 $ 52 $ 177 $ 157