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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 04, 2026
Jun. 28, 2025
Jul. 04, 2026
Jun. 28, 2025
Net sales:        
Total Net sales $ 1,557 $ 1,293 $ 3,052 $ 2,601
Cost of sales:        
Total Cost of sales 732 677 1,485 1,340
Gross profit 825 616 1,567 1,261
Operating expenses:        
Selling and marketing 184 158 373 319
Research and development 159 144 324 295
General and administrative 114 102 241 213
Amortization of intangible assets 37 25 74 49
Acquisition and integration costs 2 4 3 7
Exit and restructuring costs 8 0 16 0
Total Operating expenses 504 433 1,031 883
Operating income 321 183 536 378
Other (loss) income, net:        
Foreign exchange loss (2) (11) (2) (16)
Interest expense, net (35) (25) (72) (48)
Other income (expense), net 1 (9) (10) (11)
Total Other expense, net (36) (45) (84) (75)
Income before income tax 285 138 452 303
Income tax expense 52 26 84 55
Net income $ 233 $ 112 $ 368 $ 248
Basic earnings per share (in USD per share) $ 4.89 $ 2.20 $ 7.61 $ 4.85
Diluted earnings per share (in USD per share) $ 4.85 $ 2.19 $ 7.54 $ 4.81
Tangible Products        
Net sales:        
Total Net sales $ 1,316 $ 1,055 $ 2,547 $ 2,117
Cost of sales:        
Total Cost of sales 615 553 1,238 1,095
Services and Software        
Net sales:        
Total Net sales 241 238 505 484
Cost of sales:        
Total Cost of sales $ 117 $ 124 $ 247 $ 245