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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Revenues    
Total revenues $ 11,005 $ 10,364
Costs and operating expenses:    
Selling, general and administrative expenses 2,181 2,078
Research and development expenses 336 342
Restructuring and other costs 49 98
Total costs and operating expenses 9,142 8,648
Operating income 1,863 1,716
Interest income 233 203
Interest expense (354) (303)
Other income/(expense) (9) 3
Income before income taxes 1,734 1,620
Benefit from/(provision for) income taxes (70) (95)
Equity in earnings/(losses) of unconsolidated entities (8) (14)
Net income 1,656 1,511
Less: net income/(loss) attributable to noncontrolling interests and redeemable noncontrolling interest 5 4
Net income attributable to Thermo Fisher Scientific Inc. $ 1,651 $ 1,507
Earnings per share attributable to Thermo Fisher Scientific Inc.    
Basic (in dollars per share) $ 4.44 $ 3.99
Diluted (in dollars per share) $ 4.43 $ 3.98
Weighted average shares    
Basic (in shares) 372 378
Diluted (in shares) 373 379
Product revenues    
Revenues    
Total revenues $ 6,277 $ 5,980
Costs and operating expenses:    
Cost of revenues 3,261 3,125
Service revenues    
Revenues    
Total revenues 4,728 4,384
Costs and operating expenses:    
Cost of revenues $ 3,314 $ 3,004