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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Apr. 03, 2022
Apr. 04, 2021
Revenue:    
Total revenue $ 1,223 $ 1,093
Cost of revenue:    
Amortization of acquired intangible assets 40 6
Total cost of revenue 408 329
Gross profit 815 764
Operating expense:    
Research and development 323 197
Selling, general and administrative 308 374
Total operating expense 631 571
Income from operations 184 193
Other income (expense):    
Interest income 0 1
Interest expense (6) (19)
Other expense, net (38) (6)
Total other expense, net (44) (24)
Income before income taxes 140 169
Provision for income taxes 54 22
Net income $ 86 $ 147
Earnings per share:    
Basic (in dollars per share) $ 0.55 $ 1.01
Diluted (in dollars per share) $ 0.55 $ 1.00
Shares used in computing earnings per share:    
Basic (in shares) 157 146
Diluted (in shares) 159 147
Product revenue    
Revenue:    
Total revenue $ 1,070 $ 953
Cost of revenue:    
Cost of revenue 299 265
Service and other revenue    
Revenue:    
Total revenue 153 140
Cost of revenue:    
Cost of revenue $ 69 $ 58