XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statement of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Jul. 02, 2022
Jul. 03, 2021
Revenues        
Revenues $ 10,970 $ 9,273 $ 22,788 $ 19,179
Costs and operating expenses:        
Selling, general and administrative expenses 2,209 1,899 4,486 3,725
Research and development expenses 365 343 729 663
Restructuring and other costs 24 119 26 133
Total costs and operating expenses 8,969 7,110 17,966 13,967
Operating income 2,001 2,163 4,822 5,212
Interest income 36 11 54 23
Interest expense (148) (122) (284) (247)
Other income/(expense) 28 (3) (135) (186)
Income before income taxes 1,917 2,049 4,457 4,802
Provision for income taxes (198) (219) (499) (635)
Equity in earnings/(losses) of unconsolidated entities (51) (1) (70) (1)
Net income 1,668 1,829 3,888 4,166
Less: net income attributable to noncontrolling interests and redeemable noncontrolling interest 4 1 9 1
Net income $ 1,664 $ 1,828 $ 3,879 $ 4,165
Earnings per share attributable to Thermo Fisher Scientific Inc.        
Basic (in dollars per share) $ 4.25 $ 4.65 $ 9.90 $ 10.58
Diluted (in dollars per share) $ 4.22 $ 4.61 $ 9.83 $ 10.50
Weighted average shares        
Basic (in shares) 392 393 392 394
Diluted (in shares) 394 396 394 397
Product [Member]        
Revenues        
Revenues $ 7,003 $ 7,214 $ 15,020 $ 15,070
Costs and operating expenses:        
Cost of revenues 3,516 3,352 7,071 6,679
Service [Member]        
Revenues        
Revenues 3,967 2,059 7,768 4,109
Costs and operating expenses:        
Cost of revenues $ 2,855 $ 1,397 $ 5,654 $ 2,767