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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Total net sales $ 2,096 $ 2,082 $ 6,327 $ 6,179
Gross profit 1,135 1,165 3,424 3,474
Selling, general and administrative expenses 780 701 2,321 1,998
Research and development expenses 183 189 564 576
Gain on sale of business (1,518) 0 (1,518) 0
Operating income 1,690 275 2,057 900
Interest expense, net 89 107 296 260
Loss on debt extinguishment, net 82 0 82 0
Other expense (income), net 5 1 24 48
Income before income taxes 1,514 167 1,655 592
Provision for (benefit from) income taxes 248 45 162 144
Net income $ 1,266 $ 122 $ 1,493 $ 448
Earnings per share:        
Basic earnings per share (in dollars per share) $ 7.26 $ 0.70 $ 8.58 $ 2.59
Diluted earnings per share (in dollars per share) $ 7.22 $ 0.70 $ 8.53 $ 2.58
Weighted-average number of shares outstanding:        
Basic (in shares) 174.3 173.4 174.0 173.1
Diluted (in shares) 175.4 173.9 175.1 173.4
Cost of product        
Total net sales $ 1,594 $ 1,608 $ 4,859 $ 4,766
Cost of sales 847 793 2,547 2,341
Cost of software and rentals        
Total net sales 502 474 1,468 1,413
Cost of sales $ 114 $ 124 $ 356 $ 364