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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Jul. 01, 2023
Jul. 02, 2022
Income Statement [Abstract]        
Net revenue $ 1,602 $ 1,686 $ 3,151 $ 3,192
Cost of goods sold 1,166 1,219 2,295 2,287
Gross profit 436 467 856 905
Research and development expenses 29 28 56 52
Selling, general and administrative expenses 242 244 486 479
Intangible asset amortization 10 9 19 16
Restructuring and impairment expenses 2 0 4 0
Income from operations 153 186 291 358
Other expenses, net 42 42 82 82
Interest expense, net 17 13 34 24
Income before taxes 94 131 175 252
Provision for income taxes 44 37 68 71
Net income $ 50 $ 94 $ 107 $ 181
Earnings Per Share        
Basic (in dollars per share) $ 0.34 $ 0.65 $ 0.73 $ 1.25
Diluted (in dollars per share) $ 0.34 $ 0.63 $ 0.72 $ 1.22
Weighted average number of shares outstanding:        
Basic (in dollars per share) 147 145 147 145
Diluted (in dollars per share) 149 149 149 149