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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Apr. 03, 2021
Mar. 28, 2020
Net sales:    
Total Net sales $ 1,347 $ 1,052
Cost of sales:    
Total Cost of sales 692 579
Gross profit 655 473
Operating expenses:    
Selling and marketing 134 122
Research and development 140 105
General and administrative 82 74
Amortization of intangible assets 26 16
Acquisition and integration costs 1 1
Exit and restructuring costs 0 4
Total Operating expenses 383 322
Operating income 272 151
Other income (expense):    
Foreign exchange gain (loss) 2 (3)
Interest income (expense), net 2 (45)
Total Other income (expense), net 4 (48)
Income before income tax 276 103
Income tax expense 48 14
Net income $ 228 $ 89
Basic earnings per share (USD per share) $ 4.26 $ 1.66
Diluted earnings per share (USD per share) $ 4.22 $ 1.65
Tangible products    
Net sales:    
Total Net sales $ 1,153 $ 901
Cost of sales:    
Total Cost of sales 591 486
Services and software    
Net sales:    
Total Net sales 194 151
Cost of sales:    
Total Cost of sales $ 101 $ 93