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Consolidated Statement of Redeemable Noncontrolling Interest and Equity - USD ($)
$ in Millions
Total
Total Thermo Fisher Scientific Inc. Shareholders’ Equity
Common Stock, $1.00 par value
Capital in Excess of Par Value
Retained Earnings
Treasury Stock
Accumulated Other Comprehensive Items
Noncontrolling Interests
Redeemable noncontrolling interest, beginning balance at Dec. 31, 2020 $ 0              
Redeemable Noncontrolling Interest [Roll Forward]                
Recognition upon acquisition 122              
Net income/(loss) 1              
Other comprehensive income/(loss) (1)              
Redeemable noncontrolling interest, ending balance at Dec. 31, 2021 122              
Balance (in shares) at Dec. 31, 2020     437,000,000          
Balance at Dec. 31, 2020 34,517 $ 34,507 $ 437 $ 15,579 $ 28,116 $ (6,818) $ (2,807) $ 10
Balance, treasury stock (in shares) at Dec. 31, 2020           40,000,000    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of shares under employees' and directors' stock plans (in shares)     2,000,000     1,000,000    
Issuance of shares under stock plans 222 222 $ 2 324   $ (104)    
Stock-based compensation 230 230   230        
Purchases of company common stock (in shares)           4,000,000    
Purchases of company common stock (2,000) (2,000)       $ (2,000)    
Dividends declared (410) (410)     (410)      
Net income/(loss) 7,727 7,725     7,725     2
Total other comprehensive income/(loss) 478 478         478  
Contributions from (distributions to) noncontrolling interests 50             50
Excise tax from stock repurchases 0              
Other 41 41   41        
Balance (in shares) at Dec. 31, 2021     439,000,000          
Balance at Dec. 31, 2021 40,855 40,793 $ 439 16,174 35,431 $ (8,922) (2,329) 62
Balance, treasury stock (in shares) at Dec. 31, 2021           45,000,000    
Redeemable Noncontrolling Interest [Roll Forward]                
Net income/(loss) 15              
Other comprehensive income/(loss) (6)              
Contributions from (distributions to) noncontrolling interests (15)              
Redeemable noncontrolling interest, ending balance at Dec. 31, 2022 116              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of shares under employees' and directors' stock plans (in shares)     2,000,000          
Issuance of shares under stock plans 169 169 $ 2 262   $ (95)    
Stock-based compensation 307 307   307        
Purchases of company common stock (in shares)           5,000,000    
Purchases of company common stock (3,000) (3,000)       $ (3,000)    
Dividends declared (471) (471)     (471)      
Net income/(loss) 6,945 6,950     6,950     (5)
Total other comprehensive income/(loss) (771) (770)         (770) (1)
Contributions from (distributions to) noncontrolling interests (2)             (2)
Excise tax from stock repurchases 0              
Balance (in shares) at Dec. 31, 2022     441,000,000          
Balance at Dec. 31, 2022 $ 44,032 43,978 $ 441 16,743 41,910 $ (12,017) (3,099) 54
Balance, treasury stock (in shares) at Dec. 31, 2022 50,157,275         50,000,000    
Redeemable Noncontrolling Interest [Roll Forward]                
Net income/(loss) $ 19              
Other comprehensive income/(loss) (3)              
Contributions from (distributions to) noncontrolling interests (14)              
Redeemable noncontrolling interest, ending balance at Dec. 31, 2023 118              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of shares under employees' and directors' stock plans (in shares)     1,000,000     1,000,000    
Issuance of shares under stock plans 178 178 $ 1 265   $ (88)    
Stock-based compensation 278 278   278        
Purchases of company common stock (in shares)           5,000,000    
Purchases of company common stock (3,000) (3,000)       $ (3,000)    
Dividends declared (541) (541)     (541)      
Net income/(loss) 5,936 5,995     5,995     (59)
Total other comprehensive income/(loss) (130) (125)         (125) (5)
Contributions from (distributions to) noncontrolling interests (1)             (1)
Excise tax from stock repurchases (28) (28)       (28)    
Balance (in shares) at Dec. 31, 2023     442,000,000          
Balance at Dec. 31, 2023 $ 46,724 $ 46,735 $ 442 $ 17,286 $ 47,364 $ (15,133) $ (3,224) $ (11)
Balance, treasury stock (in shares) at Dec. 31, 2023 55,541,290         56,000,000