XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Jun. 28, 2025
Jun. 29, 2024
Net sales:        
Total Net sales $ 1,293 $ 1,217 $ 2,601 $ 2,392
Cost of sales:        
Total Cost of sales 677 628 1,340 1,240
Gross profit 616 589 1,261 1,152
Operating expenses:        
Selling and marketing 158 150 319 298
Research and development 144 146 295 284
General and administrative 102 97 213 178
Amortization of intangible assets 25 25 49 51
Acquisition and integration costs 4 1 7 2
Exit and restructuring costs 0 3 0 13
Total Operating expenses 433 422 883 826
Operating income 183 167 378 326
Other (loss) income, net:        
Foreign exchange (loss) gain (11) 0 (16) 3
Interest expense, net (25) (23) (48) (40)
Other expense, net (9) (8) (11) (11)
Total Other expense, net (45) (31) (75) (48)
Income before income tax 138 136 303 278
Income tax expense 26 23 55 50
Net income $ 112 $ 113 $ 248 $ 228
Basic earnings per share (in USD per share) $ 2.20 $ 2.19 $ 4.85 $ 4.43
Diluted earnings per share (in USD per share) $ 2.19 $ 2.17 $ 4.81 $ 4.40
Tangible Products        
Net sales:        
Total Net sales $ 1,055 $ 983 $ 2,117 $ 1,912
Cost of sales:        
Total Cost of sales 553 515 1,095 1,013
Services and Software        
Net sales:        
Total Net sales 238 234 484 480
Cost of sales:        
Total Cost of sales $ 124 $ 113 $ 245 $ 227