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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Net revenues:    
Total net revenues $ 1,148.9 $ 1,371.8
Cost of revenues:    
Total cost of revenues 468.0 600.6
Gross margin 680.9 771.2
Operating expenses:    
Research and development 296.6 284.8
Sales and marketing 305.4 303.2
General and administrative 60.7 68.0
Restructuring charges 4.1  
Restructuring benefits   (0.5)
Merger-related charges [1] 28.3 0.0
Total operating expenses 695.1 655.5
Operating (loss) income (14.2) 115.7
Gain (loss) on privately-held investments, net [2] (14.3) 0.2
Other income (expense), net [3] 2.1 (8.8)
Income (loss) before income taxes and loss from equity method investment (26.4) 107.1
Income tax (benefit) provision (27.7) 19.6
Loss from equity method investment, net of tax 2.1 2.1
Net (loss) income $ (0.8) $ 85.4
Net (loss) income per share:    
Basic (in dollars per share) $ (0.00) $ 0.26
Diluted (in dollars per share) $ (0.00) $ 0.26
Weighted-average shares used to compute net (loss) income per share:    
Basic (in shares) 322.6 322.3
Diluted (in shares) 322.6 329.1
Product    
Net revenues:    
Total net revenues $ 651.9 $ 912.6
Cost of revenues:    
Total cost of revenues 323.9 454.9
Service    
Net revenues:    
Total net revenues 497.0 459.2
Cost of revenues:    
Total cost of revenues $ 144.1 $ 145.7
[1] Represents charges incurred directly in connection with the pending merger with HPE (as defined below). See Note 1, Basis of Presentation and Summary of Significant Accounting Policies, for further information.
[2] The prior period amounts have been reclassified to conform to the current period presentation.
[3] The prior period amounts have been reclassified to conform to the current period presentation.