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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 29, 2018
Sep. 30, 2017
Sep. 29, 2018
Sep. 30, 2017
Net sales:        
Total Net sales $ 1,092 $ 935 $ 3,081 $ 2,696
Cost of sales:        
Total Cost of sales 587 506 1,639 1,455
Gross profit 505 429 1,442 1,241
Operating expenses:        
Selling and marketing 120 113 361 336
Research and development 113 96 323 291
General and administrative 75 71 239 214
Amortization of intangible assets 25 49 71 151
Acquisition and integration costs 6 4 8 50
Exit and restructuring costs 4 5 9 10
Total Operating expenses 343 338 1,011 1,052
Operating income 162 91 431 189
Other (expenses) income:        
Foreign exchange (loss) gain (1) 1 (5) 2
Interest expense, net (18) (95) (52) (176)
Other, net 0 (4) 2 (5)
Total Other expenses, net (19) (98) (55) (179)
Income (loss) before income tax 143 (7) 376 10
Income tax expense (benefit) 16 5 70 (3)
Net income (loss) $ 127 $ (12) $ 306 $ 13
Basic earnings per share (USD per share) $ 2.37 $ (0.23) $ 5.72 $ 0.25
Diluted earnings per share (USD per share) $ 2.34 $ (0.23) $ 5.64 $ 0.25
Tangible products        
Net sales:        
Total Net sales $ 959 $ 810 $ 2,687 $ 2,324
Cost of sales:        
Total Cost of sales 495 420 1,368 1,207
Services and software        
Net sales:        
Total Net sales 133 125 394 372
Cost of sales:        
Total Cost of sales $ 92 $ 86 $ 271 $ 248