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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Net sales:    
Total Net sales $ 1,405 $ 1,432
Cost of sales:    
Total Cost of sales 738 795
Gross profit 667 637
Operating expenses:    
Selling and marketing 161 152
Research and development 146 137
General and administrative 99 99
Amortization of intangible assets 26 33
Acquisition and integration costs 0 4
Exit and restructuring costs 10 0
Total Operating expenses 442 425
Operating income 225 212
Other income (loss), net:    
Foreign exchange gain 1 8
Interest (expense) income, net (37) 30
Other (expense), net (4) 0
Total Other (expense) income, net (40) 38
Income before income tax 185 250
Income tax expense 35 45
Net income $ 150 $ 205
Basic earnings per share (in USD per share) $ 2.92 $ 3.86
Diluted earnings per share (in USD per share) $ 2.90 $ 3.83
Tangible Products    
Net sales:    
Total Net sales $ 1,170 $ 1,207
Cost of sales:    
Total Cost of sales 618 681
Services and software    
Net sales:    
Total Net sales 235 225
Cost of sales:    
Total Cost of sales $ 120 $ 114