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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Revenues    
Total revenues $ 10,364 $ 10,345
Costs and operating expenses:    
Selling, general and administrative expenses 2,078 2,183
Research and development expenses 342 331
Restructuring and other costs 98 29
Total costs and operating expenses 8,648 8,682
Operating income 1,716 1,663
Interest income 203 279
Interest expense (303) (363)
Other income/(expense) 3 10
Income before income taxes 1,620 1,589
Benefit from/(provision for) income taxes (95) (281)
Equity in earnings/(losses) of unconsolidated entities (14) 23
Net income 1,511 1,331
Less: net income/(losses) attributable to noncontrolling interests and redeemable noncontrolling interest 4 4
Net income attributable to Thermo Fisher Scientific Inc. $ 1,507 $ 1,328
Earnings per share attributable to Thermo Fisher Scientific Inc.    
Basic (in dollars per share) $ 3.99 $ 3.47
Diluted (in dollars per share) $ 3.98 $ 3.46
Weighted average shares    
Basic (in shares) 378 382
Diluted (in shares) 379 384
Product revenues    
Revenues    
Total revenues $ 5,980 $ 5,955
Costs and operating expenses:    
Cost of revenues 3,125 2,939
Service revenues    
Revenues    
Total revenues 4,384 4,390
Costs and operating expenses:    
Cost of revenues $ 3,004 $ 3,201