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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 01, 2022
Oct. 02, 2021
Net sales:        
Total Net sales $ 1,378 $ 1,436 $ 4,278 $ 4,160
Cost of sales:        
Total Cost of sales 750 790 2,339 2,201
Gross profit 628 646 1,939 1,959
Operating expenses:        
Selling and marketing 149 148 452 430
Research and development 143 141 428 422
General and administrative 92 85 288 259
Settlement and related costs 0 0 372 0
Amortization of intangible assets 39 29 107 81
Acquisition and integration costs 1 6 19 11
Exit and restructuring costs 2 0 4 0
Total Operating expenses 426 409 1,670 1,203
Operating income 202 237 269 756
Other income (loss), net:        
Foreign exchange gain (loss) 0 (4) 5 (3)
Interest income (expense), net 21 (5) 48 (10)
Other (expense) income, net (1) 0 (3) (1)
Total Other income (expense), net 20 (9) 50 (14)
Income before income tax 222 228 319 742
Income tax expense 52 29 42 96
Net income $ 170 $ 199 $ 277 $ 646
Basic (loss) earnings per share (in USD per share) $ 3.28 $ 3.72 $ 5.29 $ 12.08
Diluted (loss) earnings per share (in USD per share) $ 3.26 $ 3.69 $ 5.25 $ 11.98
Tangible Products        
Net sales:        
Total Net sales $ 1,164 $ 1,240 $ 3,630 $ 3,585
Cost of sales:        
Total Cost of sales 632 687 1,998 1,896
Services and software        
Net sales:        
Total Net sales 214 196 648 575
Cost of sales:        
Total Cost of sales $ 118 $ 103 $ 341 $ 305