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Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues      
Revenues $ 44,915 $ 39,211 $ 32,218
Costs and operating expenses:      
Selling, general and administrative expenses 8,993 8,007 6,930
Research and development expenses 1,471 1,406 1,181
Restructuring and other costs 114 197 99
Total costs and operating expenses 36,522 29,183 24,424
Operating income 8,393 10,028 7,794
Interest income 272 43 65
Interest expense (726) (536) (553)
Other income/(expense) (104) (694) (76)
Income before income taxes 7,835 8,841 7,230
Provision for income taxes (703) (1,109) (850)
Equity in earnings/(losses) of unconsolidated entities (172) (4) (3)
Net income 6,960 7,728 6,377
Less: net income attributable to noncontrolling interests and redeemable noncontrolling interest 10 3 2
Net income attributable to Thermo Fisher Scientific Inc. $ 6,950 $ 7,725 $ 6,375
Earnings per share attributable to Thermo Fisher Scientific Inc.      
Basic (in dollars per share) $ 17.75 $ 19.62 $ 16.09
Diluted (in dollars per share) $ 17.63 $ 19.46 $ 15.96
Weighted average shares      
Basic (in shares) 392 394 396
Diluted (in shares) 394 397 399
Product revenues      
Revenues      
Revenues $ 28,548 $ 30,361 $ 25,306
Costs and operating expenses:      
Cost of revenues 14,247 13,594 11,407
Service revenues      
Revenues      
Revenues 16,367 8,850 6,912
Costs and operating expenses:      
Cost of revenues $ 11,697 $ 5,979 $ 4,807