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Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Oct. 01, 2016
Sep. 30, 2017
Oct. 01, 2016
Net sales:        
Net sales of tangible products $ 810 $ 772 $ 2,324 $ 2,241
Revenue from services and software 125 132 372 391
Total Net sales 935 904 2,696 2,632
Cost of sales:        
Cost of sales of tangible products 420 402 1,207 1,164
Cost of services and software 86 88 248 258
Total Cost of sales 506 490 1,455 1,422
Gross profit 429 414 1,241 1,210
Operating expenses:        
Selling and marketing 113 112 336 337
Research and development 96 96 291 284
General and administrative 71 74 214 225
Amortization of intangible assets 49 59 151 178
Acquisition and integration costs 4 28 50 98
Impairment of goodwill and other intangibles 0 62 0 62
Exit and restructuring costs 5 7 10 17
Total Operating expenses 338 438 1,052 1,201
Operating income (loss) 91 (24) 189 9
Other (expenses) income:        
Foreign exchange gain (loss) 1 (1) 2 (4)
Interest expense, net (95) (46) (176) (145)
Other, net (4) (6) (5) (9)
Total Other expenses, net (98) (53) (179) (158)
(Loss) income before income taxes (7) (77) 10 (149)
Income tax expense (benefit) 5 6 (3) 5
Net (loss) income $ (12) $ (83) $ 13 $ (154)
Basic (loss) earnings per share (USD per share) $ (0.23) $ (1.61) $ 0.25 $ (2.99)
Diluted (loss) earnings per share (USD per share) $ (0.23) $ (1.61) $ 0.25 $ (2.99)
Basic weighted average shares outstanding 52,220,868 51,690,204 52,964,066 51,499,447
Diluted weighted average and equivalent shares outstanding 52,220,868 51,690,204 53,631,499 51,499,447