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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net revenues:        
Net revenues $ 1,003 $ 765 $ 1,797 $ 1,507
Cost of revenues:        
Cost of revenues 533 427 991 835
Gross profit 470 338 806 672
Research and development 75 53 147 105
Selling, general and administrative 172 101 348 193
Acquisition and integration costs 5 2 11 10
Restructuring 11 3 12 5
Amortization of intangible assets 76 15 157 30
Goodwill and intangible asset impairments 1,827 0 1,827 0
Gain on sale of long-lived assets 0 0 0 (7)
(Loss) income from operations (1,696) 164 (1,696) 336
Interest income (4) (1) (7) (1)
Interest expense 88 7 173 13
Other expense (income), net 11 2 9 (3)
(Loss) income before income taxes (1,791) 156 (1,871) 327
(Benefit) provision for income taxes (22) 26 (59) 54
Net (loss) income (1,769) 130 (1,812) 273
Other comprehensive (loss) income, net of tax:        
Changes in value of financial instruments designated as cash flow hedges 44 8 29 25
Foreign currency translation adjustments (218) (38) (173) (48)
Change in net investment hedge 2 0 (13) 0
Unrecognized loss on investments (11) 0 (11) 0
Net unrecognized pension loss (3) 0 (5) 0
Total comprehensive (loss) income $ (1,955) $ 100 $ (1,985) $ 250
Net (loss) income per share:        
Basic $ (26.47) $ 2.33 $ (27.14) $ 4.90
Diluted $ (26.47) $ 2.32 $ (27.14) $ 4.89
Weighted average common shares outstanding:        
Basic 66.8 55.7 66.8 55.6
Diluted 66.8 55.8 66.8 55.8
Products [Member]        
Net revenues:        
Net revenues $ 885 $ 664 $ 1,597 $ 1,312
Cost of revenues:        
Cost of revenues 470 377 878 737
Services [Member]        
Net revenues:        
Net revenues 118 101 200 195
Cost of revenues:        
Cost of revenues $ 63 $ 50 $ 113 $ 98