XML 16 R4.htm IDEA: XBRL DOCUMENT v3.24.4
Condensed Consolidated Statements Of Income (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 27, 2024
Sep. 29, 2023
Sep. 27, 2024
Sep. 29, 2023
Revenue:        
Total revenue $ 875.8 $ 957.3 $ 2,699.9 $ 2,866.3
Cost of sales:        
Amortization of purchased intangible assets 18.9 27.7 74.7 80.9
Total cost of sales 300.2 367.1 984.8 1,110.8
Gross margin 575.6 590.2 1,715.1 1,755.5
Operating expense:        
Research and development 155.6 162.5 487.3 496.6
Sales and marketing 147.1 146.2 436.4 436.9
General and administrative 127.6 117.2 410.4 369.2
Restructuring 2.4 11.8 14.1 26.1
Amortization of purchased intangible assets 26.5 31.2 79.7 74.8
Total operating expense 459.2 468.9 1,427.9 1,403.6
Operating income 116.4 121.3 287.2 351.9
Non-operating (expense) income, net:        
Divestitures (loss) gain, net (22.6) 5.5 1,695.0 10.6
Interest expense, net (14.1) (46.8) (77.4) (113.2)
(Loss) income from equity method investments, net (0.6) 5.2 9.3 24.6
Other (loss) income, net (6.0) (5.8) (6.0) 23.6
Total non-operating (expense) income, net (43.3) (41.9) 1,620.9 (54.4)
Income before taxes 73.1 79.4 1,908.1 297.5
Income tax provision 32.5 4.5 493.9 49.2
Net income $ 40.6 $ 74.9 $ 1,414.2 $ 248.3
Earnings per share:        
Basic (in usd per share) $ 0.17 $ 0.30 $ 5.76 $ 1.00
Diluted (in usd per share) $ 0.16 $ 0.30 $ 5.73 $ 1.00
Shares used in calculating earnings per share:        
Basic (in shares) 245.6 248.6 245.4 248.0
Diluted (in shares) 246.9 249.7 246.9 249.1
Product        
Revenue:        
Total revenue $ 307.6 $ 444.0 $ 995.1 $ 1,368.9
Cost of sales:        
Cost of sales 160.7 215.6 544.7 665.7
Subscription and services        
Revenue:        
Total revenue 568.2 513.3 1,704.8 1,497.4
Cost of sales:        
Cost of sales $ 120.6 $ 123.8 $ 365.4 $ 364.2