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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenues $ 1,594 $ 1,607 $ 3,107 $ 3,229
Cost of sales 720 668 1,392 1,333
Gross profit 874 939 1,715 1,896
Selling, general and administrative 453 437 873 868
Research and development 95 116 191 228
Acquired in-process research and development and milestones 0 15 6 30
Restructuring costs 2 0 88 23
Interest expense 131 131 255 262
Exchange (gains) losses (1) (1) (5) 5
Other (income) expense, net (35) 6 (23) 9
Income before income taxes 229 235 330 471
Income tax expense 84 40 98 75
Net income $ 145 $ 195 $ 232 $ 396
Earnings per share:        
Basic (in dollars per share) $ 0.56 $ 0.76 $ 0.90 $ 1.54
Diluted (in dollars per share) $ 0.56 $ 0.75 $ 0.89 $ 1.53
Weighted average shares outstanding:        
Basic (in shares) 259,939 257,288 258,906 256,492
Diluted (in shares) 260,156 258,598 260,584 258,480