v3.26.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Total net sales $ 2,007 $ 2,070
Gross profit 1,097 1,114
Selling, general and administrative expenses 827 769
Research and development expenses 189 193
Operating income 81 152
Interest expense, net 62 104
Other expense (income), net 4 11
Income before income taxes 16 38
Provision for (benefit from) income taxes 3 (99)
Net income $ 13 $ 137
Earnings per share:    
Basic earnings per share (in dollars per share) $ 0.07 $ 0.79
Diluted earnings per share (in dollars per share) $ 0.07 $ 0.78
Weighted-average number of shares outstanding:    
Basic (in shares) 174.2 173.7
Diluted (in shares) 175.5 174.8
Cost of product    
Total net sales $ 1,513 $ 1,597
Cost of sales 796 835
Cost of software and rentals    
Total net sales 493 473
Cost of sales $ 115 $ 121