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Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 01, 2017
Jul. 02, 2016
Jul. 01, 2017
Jul. 02, 2016
Net sales:        
Net sales of tangible products $ 779 $ 753 $ 1,514 $ 1,469
Revenue from services and software 117 126 247 259
Total Net sales 896 879 1,761 1,728
Cost of sales:        
Cost of sales of tangible products 408 387 787 762
Cost of services and software 77 86 162 170
Total Cost of sales 485 473 949 932
Gross profit 411 406 812 796
Operating expenses:        
Selling and marketing 114 112 223 225
Research and development 99 95 195 188
General and administrative 68 77 143 151
Amortization of intangible assets 52 60 102 119
Acquisition and integration costs 19 34 46 70
Exit and restructuring costs 1 5 5 10
Total Operating expenses 353 383 714 763
Operating income 58 23 98 33
Other (expenses) income:        
Foreign exchange gain (loss) 2 (5) 1 (3)
Interest expense, net (40) (49) (81) (99)
Other, net (1) (2) (1) (3)
Total Other expenses (39) (56) (81) (105)
Income (loss) before income taxes 19 (33) 17 (72)
Income tax expense (benefit) 2 12 (8) (1)
Net income (loss) $ 17 $ (45) $ 25 $ (71)
Basic earnings (loss) per share (USD per share) $ 0.33 $ (0.88) $ 0.49 $ (1.38)
Diluted earnings (loss) per share (USD per share) $ 0.32 $ (0.88) $ 0.48 $ (1.38)
Basic weighted average shares outstanding 51,996,353 51,533,236 51,928,911 51,405,373
Diluted weighted average and equivalent shares outstanding 53,128,657 51,533,236 53,037,956 51,405,373