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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Jun. 29, 2019
Jun. 30, 2018
Net sales:        
Total Net sales $ 1,097 $ 1,012 $ 2,163 $ 1,989
Cost of sales:        
Total Cost of sales 577 540 1,142 1,052
Gross profit 520 472 1,021 937
Operating expenses:        
Selling and marketing 127 121 249 241
Research and development 108 109 219 210
General and administrative 90 93 166 164
Amortization of intangible assets 30 23 58 46
Acquisition and integration costs 4 0 8 2
Exit and restructuring costs 1 1 2 5
Total Operating expenses 360 347 702 668
Operating income 160 125 319 269
Other expenses:        
Foreign exchange loss (1) (4) (4) (4)
Interest expense, net (33) (23) (57) (34)
Other, net 3 2 2 2
Total Other expenses, net (31) (25) (59) (36)
Income before income tax 129 100 260 233
Income tax expense 5 30 21 54
Net income $ 124 $ 70 $ 239 $ 179
Basic earnings per share (USD per share) $ 2.28 $ 1.31 $ 4.43 $ 3.35
Diluted earnings per share (USD per share) $ 2.26 $ 1.29 $ 4.37 $ 3.30
Tangible products        
Net sales:        
Total Net sales $ 963 $ 889 $ 1,887 $ 1,728
Cost of sales:        
Total Cost of sales 488 450 959 873
Services and software        
Net sales:        
Total Net sales 134 123 276 261
Cost of sales:        
Total Cost of sales $ 89 $ 90 $ 183 $ 179