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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 01, 2016
Oct. 03, 2015
Oct. 01, 2016
Oct. 03, 2015
Net sales:        
Net sales of tangible products $ 772 $ 788 $ 2,241 $ 2,305
Revenue from services and software 132 128 391 394
Total Net sales 904 916 2,632 2,699
Cost of sales:        
Cost of sales of tangible products 402 403 1,164 1,196
Cost of services and software 88 99 258 287
Total Cost of sales 490 502 1,422 1,483
Gross profit 414 414 1,210 1,216
Operating expenses:        
Selling and marketing 112 120 337 367
Research and development 96 100 284 296
General and administrative 74 67 225 203
Amortization of intangible assets 59 59 178 190
Acquisition and integration costs 28 37 98 94
Impairment of goodwill and other intangibles 62 0 62 0
Exit and restructuring costs 7 6 17 35
Total Operating expenses 438 389 1,201 1,185
Operating (loss) income (24) 25 9 31
Other (expense) income:        
Foreign exchange loss (1) (5) (4) (21)
Interest expense, net (46) (46) (145) (145)
Other, net (6) 1 (9) (1)
Total Other expenses (53) (50) (158) (167)
Loss before income taxes (77) (25) (149) (136)
Income tax expense (benefit) 6 4 5 (5)
Net loss $ (83) $ (29) $ (154) $ (131)
Basic loss per share (USD per share) $ (1.61) $ (0.57) $ (2.99) $ (2.56)
Diluted loss per share (USD per share) $ (1.61) $ (0.57) $ (2.99) $ (2.56)
Basic weighted average shares outstanding (in shares) 51,690,204 51,151,541 51,499,447 50,925,976
Diluted weighted average and equivalent shares outstanding (in shares) 51,690,204 51,151,541 51,499,447 50,925,976