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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Net sales:    
Total Net sales $ 1,432 $ 1,347
Cost of sales:    
Total Cost of sales 795 692
Gross profit 637 655
Operating expenses:    
Selling and marketing 152 134
Research and development 137 140
General and administrative 99 82
Amortization of intangible assets 33 26
Acquisition and integration costs 4 1
Total Operating expenses 425 383
Operating income 212 272
Other income, net:    
Foreign exchange gain 8 2
Interest income, net 30 2
Total Other income, net 38 4
Income before income tax 250 276
Income tax expense 45 48
Net income $ 205 $ 228
Basic earnings per share (in USD per share) $ 3.86 $ 4.26
Diluted earnings per share (in USD per share) $ 3.83 $ 4.22
Tangible Products    
Net sales:    
Total Net sales $ 1,207 $ 1,153
Cost of sales:    
Total Cost of sales 681 591
Services and software    
Net sales:    
Total Net sales 225 194
Cost of sales:    
Total Cost of sales $ 114 $ 101