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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 29, 2024
Oct. 01, 2023
Sep. 29, 2024
Oct. 01, 2023
Revenue:        
Total revenue $ 1,080 $ 1,119 $ 3,268 $ 3,382
Cost of revenue:        
Amortization of acquired intangible assets 16 47 110 143
Total cost of revenue 335 435 1,135 1,312
Gross profit 745 684 2,133 2,070
Operating expense:        
Research and development 253 315 913 1,013
Selling, general and administrative 239 303 813 1,127
Goodwill and intangible impairment 0 821 1,889 821
Legal contingency and settlement (488) (1) (474) 14
Total operating expense 4 1,438 3,141 2,975
Income (loss) from operations 741 (754) (1,008) (905)
Other income (expense):        
Interest income 11 13 36 47
Interest expense (36) (19) (75) (59)
Other income (expense), net 4 (22) (319) (33)
Total other expense, net (21) (28) (358) (45)
Income (loss) before income taxes 720 (782) (1,366) (950)
Provision (benefit) for income taxes 15 (28) 44 36
Net income (loss) $ 705 $ (754) $ (1,410) $ (986)
Earnings (loss) per share:        
Basic (in dollars per share) $ 4.43 $ (4.77) $ (8.86) $ (6.23)
Diluted (in dollars per share) $ 4.42 $ (4.77) $ (8.86) $ (6.23)
Shares used in computing earnings (loss) per share:        
Basic (in shares) 159,000,000 158,000,000 159,000,000 158,000,000
Diluted (in shares) 160,000,000 158,000,000 159,000,000 158,000,000
Product        
Revenue:        
Total revenue $ 914 $ 941 $ 2,718 $ 2,864
Cost of revenue:        
Cost of revenue 235 293 739 884
Service        
Revenue:        
Total revenue 166 178 550 518
Cost of revenue:        
Cost of revenue $ 84 $ 95 $ 286 $ 285