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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Jun. 29, 2024
Jul. 01, 2023
Comprehensive income        
Net income $ 1,553 $ 1,362 $ 2,885 $ 2,654
Currency translation adjustment:        
Currency translation adjustment (net of tax provision (benefit) of $88, $0, $255 and $(36)) 346 125 802 169
Unrealized gains/(losses) on available-for-sale debt securities        
Unrealized holding losses arising during the period (net of tax (provision) benefit of $0, $0, $0 and $0) 0 0 (1) 0
Unrealized gains/(losses) on hedging instruments:        
Reclassification adjustment for losses included in net income (net of tax (provision) benefit of $0, $0, $0 and $1) 1 1 1 4
Pension and other postretirement benefit liability adjustments:        
Pension and other postretirement benefit liability adjustments arising during the period (net of tax (provision) benefit of $0, $1, $0 and $0) 0 (1) 1 0
Amortization of net loss included in net periodic pension cost (net of tax (provision) benefit of $0, $0, $0 and $0) 1 (2) 1 (2)
Total other comprehensive income/(loss) 348 123 805 171
Comprehensive income 1,901 1,485 3,689 2,825
Less: comprehensive income/(loss) attributable to noncontrolling interests and redeemable noncontrolling interest 3 (6) 3 0
Comprehensive income attributable to Thermo Fisher Scientific Inc. $ 1,899 $ 1,491 $ 3,686 $ 2,825