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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Total net sales $ 2,209 $ 2,161 $ 4,216 $ 4,231
Gross profit 1,286 1,175 2,382 2,289
Selling, general and administrative expenses 927 772 1,754 1,541
Research and development expenses 178 189 367 381
Operating income 181 214 262 367
Interest expense, net 64 103 125 207
Other expense (income), net 9 8 13 19
Income before income taxes 108 103 123 141
Provision for (benefit from) income taxes 15 13 19 (86)
Net income $ 92 $ 90 $ 105 $ 227
Earnings per share:        
Basic earnings per share (in dollars per share) $ 0.53 $ 0.52 $ 0.60 $ 1.31
Diluted earnings per share (in dollars per share) $ 0.53 $ 0.51 $ 0.60 $ 1.30
Weighted-average number of shares outstanding:        
Basic (in shares) 172.7 174.1 173.5 173.9
Diluted (in shares) 173.3 175.2 174.4 175.0
Cost of product        
Total net sales $ 1,698 $ 1,668 $ 3,211 $ 3,265
Cost of sales 807 865 1,603 1,700
Cost of software and rentals        
Total net sales 511 493 1,005 966
Cost of sales $ 116 $ 121 $ 231 $ 242