XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Jun. 28, 2025
Jun. 29, 2024
Revenues        
Total revenues $ 10,855 $ 10,541 $ 21,219 $ 20,886
Costs and operating expenses:        
Selling, general and administrative expenses 2,140 2,111 4,218 4,293
Research and development expenses 352 339 695 670
Restructuring and other costs 82 77 180 106
Total costs and operating expenses 9,021 8,722 17,668 17,404
Operating income 1,834 1,820 3,551 3,483
Interest income 297 295 501 574
Interest expense (404) (354) (707) (717)
Other income/(expense) (19) 5 (16) 14
Income before income taxes 1,709 1,765 3,329 3,354
Benefit from/(provision for) income taxes (92) (128) (187) (408)
Equity in earnings/(losses) of unconsolidated entities 2 (84) (12) (61)
Net income 1,618 1,553 3,130 2,885
Less: net income/(losses) attributable to noncontrolling interests and redeemable noncontrolling interest 2 6 6 9
Net income attributable to Thermo Fisher Scientific Inc. $ 1,617 $ 1,548 $ 3,124 $ 2,875
Earnings per share attributable to Thermo Fisher Scientific Inc.        
Basic (in dollars per share) $ 4.28 $ 4.05 $ 8.27 $ 7.53
Diluted (in dollars per share) $ 4.28 $ 4.04 $ 8.26 $ 7.50
Weighted average shares        
Basic (in shares) 378 382 378 382
Diluted (in shares) 378 383 378 383
Product revenues        
Revenues        
Total revenues $ 6,249 $ 6,163 $ 12,229 $ 12,118
Costs and operating expenses:        
Cost of revenues 3,239 3,080 6,364 6,019
Service revenues        
Revenues        
Total revenues 4,605 4,378 8,990 8,768
Costs and operating expenses:        
Cost of revenues $ 3,207 $ 3,114 $ 6,212 $ 6,315