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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jan. 03, 2021
Oct. 04, 2020
Jul. 05, 2020
Apr. 05, 2020
Dec. 29, 2019
Sep. 29, 2019
Jun. 30, 2019
Mar. 31, 2019
Jan. 03, 2021
Dec. 29, 2019
Dec. 30, 2018
Revenue                      
Revenue from Contract with Customer, Excluding Assessed Tax                 $ 3,782,745 $ 2,883,673 $ 2,777,996
Selling, general and administrative expenses                 917,894 815,318 811,913
Research and development expenses                 205,389 189,336 193,998
Restructuring and other costs, net $ (3,062) $ 4,059 $ 1,158 $ 5,858 $ 1,560 $ 14,068 $ 6,161 $ 7,639 8,013 29,428 11,144
Operating income from continuing operations 510,254 [1] 248,006 175,639 44,682 138,248 78,660 91,735 53,330 978,581 361,973 323,884
Interest and other expense, net                 72,217 124,831 66,201
Income from continuing operations before income taxes 473,091 [1] 233,757 164,827 34,689 65,296 63,254 71,827 36,765 906,364 237,142 257,683
Provision for income taxes                 178,266 9,389 20,208
Income from continuing operations 380,434 [1] 176,736 137,213 33,715 64,549 58,610 69,141 35,453 728,098 227,753 237,475
(Loss) gain on disposition of discontinued operations before income taxes                 (76) 0 (859)
(Benefit from) provision for income taxes on discontinued operations and dispositions                 (135) 195 (1,311)
Income from discontinued operations and dispositions (73) (37) (51) (50) (48) (52) (54) (41) (211) (195) 452
Net income $ 380,361 [1] $ 176,699 $ 137,162 $ 33,665 $ 64,501 $ 58,558 $ 69,087 $ 35,412 $ 727,887 $ 227,558 $ 237,927
Basic earnings per share:                      
Income from continuing operations $ 3.40 [1] $ 1.58 $ 1.23 $ 0.30 $ 0.58 $ 0.53 $ 0.62 $ 0.32 $ 6.53 $ 2.06 $ 2.15
Income from discontinued operations and dispositions (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) 0.00
Net income 3.40 [1] 1.58 1.23 0.30 0.58 0.53 0.62 0.32 6.53 2.06 2.15
Diluted earnings per share:                      
Income from continuing operations 3.38 [1] 1.57 1.23 0.30 0.58 0.53 0.62 0.32 6.50 2.04 2.13
Income from discontinued operations and dispositions (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) 0.00
Net income $ 3.38 [1] $ 1.57 $ 1.23 $ 0.30 $ 0.58 $ 0.52 $ 0.62 $ 0.32 $ 6.49 $ 2.04 $ 2.13
Product [Member]                      
Revenue                      
Revenue from Contract with Customer, Excluding Assessed Tax                 $ 2,778,725 $ 2,017,042 $ 1,935,493
Cost of Goods and Services Sold                 1,105,614 956,398 908,228
Service [Member]                      
Revenue                      
Revenue from Contract with Customer, Excluding Assessed Tax                 1,004,020 866,631 842,503
Cost of Goods and Services Sold                 $ 567,254 $ 531,220 $ 528,829
[1] The fourth quarter of fiscal year 2020 includes a pre-tax loss of $25.4 million as a result of the mark-to-market adjustment on postretirement benefit plans. The fourth quarter of fiscal year 2019 includes a pre-tax loss of $31.2 million as a result of the mark-to-market adjustment on postretirement benefit plans. See Note 1 for a discussion of this accounting policy