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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Sep. 28, 2019
Sep. 29, 2018
Net sales:        
Total Net sales $ 1,130 $ 1,092 $ 3,293 $ 3,081
Cost of sales:        
Total Cost of sales 595 587 1,737 1,639
Gross profit 535 505 1,556 1,442
Operating expenses:        
Selling and marketing 124 120 373 361
Research and development 110 113 329 323
General and administrative 78 75 244 239
Amortization of intangible assets 26 25 84 71
Acquisition and integration costs 12 6 20 8
Exit and restructuring costs 0 4 2 9
Total Operating expenses 350 343 1,052 1,011
Operating income 185 162 504 431
Other expenses:        
Foreign exchange gain (loss) 2 (1) (2) (5)
Interest expense, net (28) (18) (85) (52)
Other, net 0 0 2 2
Total Other expenses, net (26) (19) (85) (55)
Income before income tax 159 143 419 376
Income tax expense 23 16 44 70
Net income $ 136 $ 127 $ 375 $ 306
Basic earnings per share (USD per share) $ 2.52 $ 2.37 $ 6.95 $ 5.72
Diluted earnings per share (USD per share) $ 2.50 $ 2.34 $ 6.87 $ 5.64
Tangible products        
Net sales:        
Total Net sales $ 981 $ 959 $ 2,868 $ 2,687
Cost of sales:        
Total Cost of sales 497 495 1,456 1,368
Services and software        
Net sales:        
Total Net sales 149 133 425 394
Cost of sales:        
Total Cost of sales $ 98 $ 92 $ 281 $ 271