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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Net revenues:        
Net revenues $ 954 $ 742 $ 2,461 $ 2,186
Cost of revenues:        
Cost of revenues 564 394 1,399 1,160
Gross profit 390 348 1,062 1,026
Research and development 63 52 168 149
Selling, general and administrative 126 95 319 289
Acquisition and integration costs 31 9 41 21
Restructuring and other 5 2 10 10
Amortization of intangible assets 47 15 77 40
Gain on sale of long-lived assets 0 0 (7) 0
Income from operations 118 175 454 517
Interest income 1 0 2 1
Interest expense 80 6 93 19
Other (income) expense, net (1) 3 (4) 12
Income before income taxes 40 166 367 487
Provision for income taxes 34 34 88 86
Net income 6 132 279 401
Other comprehensive (loss) income, net of tax:        
Changes in value of financial instruments designated as cash flow hedges 48 3 73 14
Foreign currency translation adjustments (227) (18) (275) (32)
Net unrecognized pension gain 5 0 5 0
Total comprehensive (loss) income $ (168) $ 117 $ 82 $ 383
Net income per share:        
Basic $ 0.09 $ 2.39 $ 4.85 $ 7.24
Diluted $ 0.09 $ 2.38 $ 4.84 $ 7.21
Weighted average common shares outstanding:        
Basic 61.0 55.5 57.4 55.4
Diluted 61.1 55.7 57.6 55.7
Products [Member]        
Net revenues:        
Net revenues $ 841 $ 649 $ 2,153 $ 1,911
Cost of revenues:        
Cost of revenues 506 345 1,243 1,012
Services [Member]        
Net revenues:        
Net revenues 113 93 308 275
Cost of revenues:        
Cost of revenues $ 58 $ 49 $ 156 $ 148