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CONSOLIDATED AND COMBINED INTERIM STATEMENT OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Net revenue $ 1,226 $ 1,200 [1] $ 3,684 $ 3,561 [1]
Cost of goods sold 937 853 2,786 2,525
Gross profit 289 347 898 1,036
Selling, general and administrative expenses 230 219 712 648
Operating profit 59 128 186 388
Other expense, net 35 144 54 320
Interest expense 16 2 51 2
Income (loss) before taxes 8 (18) 81 66
Tax expense (benefit)   (329) 36 (323)
Net income $ 8 $ 311 $ 45 $ 389
Weighted Average Number of Common Shares Outstanding (in thousands)        
Basic 122,770 122,967 122,681 122,967
Diluted 123,244 122,967 123,404 122,967
Earnings Per Share        
Basic $ 0.07 $ 2.53 $ 0.37 $ 3.16
Diluted $ 0.06 $ 2.53 $ 0.36 $ 3.16
[1] The unaudited disaggregated revenue disclosure for the three and nine month periods ended September 30, 2018 contained misallocated revenue between the ADI Global Distribution geographies U.S. and Canada and India. Correcting this allocation increased U.S. and Canada revenue and reduced India revenue for the three and nine month periods ended September 30, 2018 by $30 million and $35 million, respectively. There is no other impact to the unaudited Consolidated and Combined Interim Financial Statements for the three and nine month periods ended September 30, 2018.