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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Jul. 02, 2022
Jul. 03, 2021
Income Statement [Abstract]        
Total Net revenue $ 1,686 $ 1,477 $ 3,192 $ 2,896
Cost of goods sold 1,219 1,091 2,287 2,135
Gross profit 467 386 905 761
Research and development expenses 28 22 52 43
Selling, general and administrative expenses 244 236 479 451
Intangible asset amortization 9 7 16 16
Income from operations 186 121 358 251
Other expense, net 41 28 81 72
Interest expense, net 14 12 25 25
Income before taxes 131 81 252 154
Provision for income taxes 37 23 71 47
Net income $ 94 $ 58 $ 181 $ 107
Earnings per common share        
Basic $ 0.65 $ 0.40 $ 1.25 $ 0.74
Diluted $ 0.63 $ 0.39 $ 1.22 $ 0.72
Weighted average number of common shares outstanding        
Weighted average basic number of shares outstanding 145,457 143,939 145,286 143,657
Diluted 148,829 148,328 148,836 148,050