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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Jun. 29, 2024
Jul. 01, 2023
Revenues        
Total revenues $ 10,541 $ 10,687 $ 20,886 $ 21,397
Costs and operating expenses:        
Selling, general and administrative expenses 2,111 2,145 4,293 4,264
Research and development expenses 339 345 670 691
Restructuring and other costs 77 183 106 295
Total costs and operating expenses 8,722 9,109 17,404 18,256
Operating income 1,820 1,578 3,483 3,141
Interest income 295 178 574 324
Interest expense (354) (326) (717) (626)
Other income/(expense) 5 0 14 (46)
Income before income taxes 1,765 1,430 3,354 2,793
Provision for income taxes (128) (52) (408) (98)
Equity in earnings/(losses) of unconsolidated entities (84) (16) (61) (41)
Net income 1,553 1,362 2,885 2,654
Less: net income/(losses) attributable to noncontrolling interests and redeemable noncontrolling interest 6 1 9 4
Net income attributable to Thermo Fisher Scientific Inc. $ 1,548 $ 1,361 $ 2,875 $ 2,650
Earnings per share attributable to Thermo Fisher Scientific Inc.        
Basic (in dollars per share) $ 4.05 $ 3.53 $ 7.53 $ 6.86
Diluted (in dollars per share) $ 4.04 $ 3.51 $ 7.50 $ 6.83
Weighted average shares        
Basic (in shares) 382 386 382 386
Diluted (in shares) 383 388 383 388
Product revenues        
Revenues        
Total revenues $ 6,163 $ 6,271 $ 12,118 $ 12,675
Costs and operating expenses:        
Cost of revenues 3,080 3,278 6,019 6,615
Service revenues        
Revenues        
Total revenues 4,378 4,416 8,768 8,722
Costs and operating expenses:        
Cost of revenues $ 3,114 $ 3,158 $ 6,315 $ 6,391