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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Net sales:    
Total Net sales $ 1,308 $ 1,175
Cost of sales:    
Total Cost of sales 663 612
Gross profit 645 563
Operating expenses:    
Selling and marketing 161 148
Research and development 151 138
General and administrative 111 81
Amortization of intangible assets 24 26
Acquisition and integration costs 3 1
Exit and restructuring costs 0 10
Total Operating expenses 450 404
Operating income 195 159
Other (loss) income, net:    
Foreign exchange (loss) gain (5) 3
Interest expense, net (23) (17)
Other expense, net (2) (3)
Total Other expense, net (30) (17)
Income before income tax 165 142
Income tax expense 29 27
Net income $ 136 $ 115
Basic earnings per share (in USD per share) $ 2.64 $ 2.24
Diluted earnings per share (in USD per share) $ 2.62 $ 2.23
Tangible Products    
Net sales:    
Total Net sales $ 1,062 $ 929
Cost of sales:    
Total Cost of sales 542 498
Services and Software    
Net sales:    
Total Net sales 246 246
Cost of sales:    
Total Cost of sales $ 121 $ 114