XML 26 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jul. 01, 2017
Jun. 30, 2018
Jul. 01, 2017
Net sales:        
Total Net sales $ 1,012 $ 896 $ 1,989 $ 1,761
Cost of sales:        
Total Cost of sales 540 485 1,052 949
Gross profit 472 411 937 812
Operating expenses:        
Selling and marketing 121 114 241 223
Research and development 109 99 210 195
General and administrative 93 68 164 143
Amortization of intangible assets 23 52 46 102
Acquisition and integration costs 0 19 2 46
Exit and restructuring costs 1 1 5 5
Total Operating expenses 347 353 668 714
Operating income 125 58 269 98
Other (expenses) income:        
Foreign exchange (loss) gain (4) 2 (4) 1
Interest expense, net (23) (40) (34) (81)
Other, net 2 (1) 2 (1)
Total Other expenses, net (25) (39) (36) (81)
Income before income tax expense 100 19 233 17
Income tax expense (benefit) 30 2 54 (8)
Net income $ 70 $ 17 $ 179 $ 25
Basic earnings per share (USD per share) $ 1.31 $ 0.33 $ 3.35 $ 0.49
Diluted earnings per share (USD per share) $ 1.29 $ 0.32 $ 3.30 $ 0.48
Basic weighted average shares outstanding (in shares) 53,537,876 51,996,353 53,414,267 51,928,911
Diluted weighted average and equivalent shares outstanding (in shares) 54,255,707 53,128,657 54,134,110 53,037,956
Net sales of tangible products        
Net sales:        
Total Net sales $ 889 $ 779 $ 1,728 $ 1,514
Cost of sales:        
Total Cost of sales 450 408 873 787
Revenue from services and software        
Net sales:        
Total Net sales 123 117 261 247
Cost of sales:        
Total Cost of sales $ 90 $ 77 $ 179 $ 162