XML 177 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Sep. 26, 2020
Sep. 28, 2019
Net sales:        
Total Net sales $ 1,132 $ 1,130 $ 3,140 $ 3,293
Cost of sales:        
Total Cost of sales 639 595 1,755 1,737
Gross profit 493 535 1,385 1,556
Operating expenses:        
Selling and marketing 119 124 350 373
Research and development 113 110 316 329
General and administrative 71 78 219 244
Amortization of intangible assets 20 26 52 84
Acquisition and integration costs 19 12 21 20
Exit and restructuring costs 1 0 7 2
Total Operating expenses 343 350 965 1,052
Operating income 150 185 420 504
Other expenses:        
Foreign exchange (loss) gain (3) 2 (15) (2)
Interest expense, net (10) (28) (69) (85)
Other, net 1 0 8 2
Total Other expenses, net (12) (26) (76) (85)
Income before income tax 138 159 344 419
Income tax expense 22 23 39 44
Net income $ 116 $ 136 $ 305 $ 375
Basic earnings per share (USD per share) $ 2.18 $ 2.52 $ 5.70 $ 6.95
Diluted earnings per share (USD per share) $ 2.16 $ 2.50 $ 5.65 $ 6.87
Tangible products        
Net sales:        
Total Net sales $ 972 $ 981 $ 2,684 $ 2,868
Cost of sales:        
Total Cost of sales 543 497 1,480 1,456
Services and software        
Net sales:        
Total Net sales 160 149 456 425
Cost of sales:        
Total Cost of sales $ 96 $ 98 $ 275 $ 281