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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Net sales      
Total Net sales $ 5,627 $ 4,448 $ 4,485
Cost of sales:      
Total Cost of sales 2,999 2,445 2,385
Gross profit 2,628 2,003 2,100
Operating expenses:      
Selling and marketing 587 483 503
Research and development 567 453 447
General and administrative 348 304 323
Amortization of intangible assets 115 78 103
Acquisition and integration costs 25 23 22
Exit and restructuring costs 7 11 10
Total Operating expenses 1,649 1,352 1,408
Operating income 979 651 692
Other expenses:      
Foreign exchange loss (5) (18) (6)
Interest expense, net (5) (76) (89)
Other (expense) income, net (1) 3 1
Total Other expenses, net (11) (91) (94)
Income before income tax 968 560 598
Income tax expense 131 56 54
Net income $ 837 $ 504 $ 544
Basic earnings per share (in USD per share) $ 15.66 $ 9.43 $ 10.08
Diluted earnings per share (in USD per share) $ 15.52 $ 9.35 $ 9.97
Tangible Products      
Net sales      
Total Net sales $ 4,845 $ 3,813 $ 3,907
Cost of sales:      
Total Cost of sales 2,590 2,065 2,006
Services and Software      
Net sales      
Total Net sales 782 635 578
Cost of sales:      
Total Cost of sales $ 409 $ 380 $ 379