XML 28 R5.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Net sales:      
Total Net sales $ 4,981 $ 4,584 $ 5,781
Cost of sales:      
Total Cost of sales 2,568 2,461 3,157
Gross profit 2,413 2,123 2,624
Operating expenses:      
Selling and marketing 600 581 607
Research and development 563 519 570
General and administrative 381 334 375
Settlement and related costs 0 0 372
Amortization of intangible assets 104 104 136
Acquisition and integration costs 6 6 21
Exit and restructuring costs 17 98 14
Total Operating expenses 1,671 1,642 2,095
Operating income 742 481 529
Other income (loss), net:      
Foreign exchange gain (loss) 5 (2) (3)
Interest (expense) income, net (98) (133) 23
Other expense, net (14) (12) (5)
Total Other (expense) income, net (107) (147) 15
Income before income tax 635 334 544
Income tax expense 107 38 81
Net income $ 528 $ 296 $ 463
Basic earnings per share (in USD per share) $ 10.25 $ 5.75 $ 8.86
Diluted earnings per share (in USD per share) $ 10.18 $ 5.72 $ 8.80
Tangible Products      
Net sales:      
Total Net sales $ 4,016 $ 3,665 $ 4,915
Cost of sales:      
Total Cost of sales 2,100 2,012 2,699
Services and Software      
Net sales:      
Total Net sales 965 919 866
Cost of sales:      
Total Cost of sales $ 468 $ 449 $ 458