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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Net revenues:        
Net revenues $ 932 $ 954 $ 2,730 $ 2,461
Cost of revenues:        
Cost of revenues 506 564 1,499 1,399
Gross profit 426 390 1,231 1,062
Research and development 71 63 218 168
Selling, general and administrative 167 126 514 319
Acquisition and integration costs 3 31 14 41
Restructuring 1 5 13 10
Amortization of intangible assets 68 47 225 77
Goodwill and intangible asset impairments 0 0 1,827 0
Gain on sale of long-lived assets (2) 0 (2) (7)
Income (loss) from operations 118 118 (1,578) 454
Interest income (4) (1) (10) (2)
Interest expense 93 80 266 93
Other expense (income), net 7 (1) 14 (4)
Income (loss) before income taxes 22 40 (1,848) 367
(Benefit) provision for income taxes (17) 34 (76) 88
Net income (loss) 39 6 (1,772) 279
Other comprehensive (loss) income, net of tax:        
Changes in value of financial instruments designated as cash flow hedges 16 48 45 73
Foreign currency translation adjustments (96) (227) (269) (275)
Change in net investment hedge 21 0 8 0
Unrecognized gain (loss) on investments 4 0 (7) 0
Net unrecognized pension gain (loss) 0 5 (5) 5
Total comprehensive (loss) income $ (16) $ (168) $ (2,000) $ 82
Net income (loss) per share:        
Basic $ 0.59 $ 0.09 $ (26.53) $ 4.85
Diluted $ 0.58 $ 0.09 $ (26.53) $ 4.84
Weighted average common shares outstanding:        
Basic 66.9 61.0 66.8 57.4
Diluted 67.1 61.1 66.8 57.6
Products [Member]        
Net revenues:        
Net revenues $ 818 $ 841 $ 2,416 $ 2,153
Cost of revenues:        
Cost of revenues 446 506 1,326 1,243
Services [Member]        
Net revenues:        
Net revenues 114 113 314 308
Cost of revenues:        
Cost of revenues $ 60 $ 58 $ 173 $ 156