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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 01, 2022
Oct. 02, 2021
Revenues        
Revenues $ 10,677 $ 9,330 $ 33,465 $ 28,509
Costs and operating expenses:        
Selling, general and administrative expenses 2,208 2,004 6,694 5,729
Research and development expenses 351 351 1,080 1,014
Restructuring and other costs 33 18 59 151
Total costs and operating expenses 8,967 7,052 26,933 21,019
Operating income 1,710 2,278 6,532 7,490
Interest income 68 9 122 32
Interest expense (173) (128) (457) (375)
Other income/(expense) (4) 18 (139) (168)
Income before income taxes 1,601 2,177 6,058 6,979
Provision for income taxes (31) (271) (530) (906)
Equity in earnings/(losses) of unconsolidated entities (72) (3) (142) (4)
Net income 1,498 1,903 5,386 6,069
Less: net income attributable to noncontrolling interests and redeemable noncontrolling interest 3 1 12 2
Net income $ 1,495 $ 1,902 $ 5,374 $ 6,067
Earnings per share attributable to Thermo Fisher Scientific Inc.        
Basic (in dollars per share) $ 3.82 $ 4.83 $ 13.72 $ 15.41
Diluted (in dollars per share) $ 3.79 $ 4.79 $ 13.62 $ 15.29
Weighted average shares        
Basic (in shares) 392 394 392 394
Diluted (in shares) 395 397 395 397
Product revenues        
Revenues        
Revenues $ 6,583 $ 7,360 $ 21,603 $ 22,430
Costs and operating expenses:        
Cost of revenues 3,494 3,298 10,565 9,977
Service revenues        
Revenues        
Revenues 4,094 1,970 11,862 6,079
Costs and operating expenses:        
Cost of revenues $ 2,881 $ 1,381 $ 8,535 $ 4,148