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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Net sales:    
Total Net sales $ 1,175 $ 1,405
Cost of sales:    
Total Cost of sales 612 738
Gross profit 563 667
Operating expenses:    
Selling and marketing 148 161
Research and development 138 146
General and administrative 81 99
Amortization of intangible assets 26 26
Acquisition and integration costs 1 0
Exit and restructuring costs 10 10
Total Operating expenses 404 442
Operating income 159 225
Other income (loss), net:    
Foreign exchange gain 3 1
Interest expense, net (17) (37)
Other expense, net (3) (4)
Total Other expense, net (17) (40)
Income before income tax 142 185
Income tax expense 27 35
Net income $ 115 $ 150
Basic earnings per share (in USD per share) $ 2.24 $ 2.92
Diluted earnings per share (in USD per share) $ 2.23 $ 2.90
Tangible Products    
Net sales:    
Total Net sales $ 929 $ 1,170
Cost of sales:    
Total Cost of sales 498 618
Services and Software    
Net sales:    
Total Net sales 246 235
Cost of sales:    
Total Cost of sales $ 114 $ 120