v3.26.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Oct. 03, 2026
Sep. 27, 2025
Oct. 03, 2026
Sep. 27, 2025
Net sales:        
Total Net sales $ 1,614 $ 1,320 $ 4,666 $ 3,921
Cost of sales:        
Total Cost of sales 876 686 2,361 2,026
Gross profit 738 634 2,305 1,895
Operating expenses:        
Selling and marketing 183 159 556 478
Research and development 158 146 482 441
General and administrative 122 111 363 324
Amortization of intangible assets 37 25 111 74
Acquisition and integration costs 1 10 4 17
Exit and restructuring costs 0 0 16 0
Total Operating expenses 501 451 1,532 1,334
Operating income 237 183 773 561
Other (loss) income, net:        
Foreign exchange (loss) gain (3) 1 (5) (15)
Interest expense, net (35) (23) (107) (71)
Other expense, net (1) (2) (11) (13)
Total Other expense, net (39) (24) (123) (99)
Income before income tax 198 159 650 462
Income tax expense 34 58 118 113
Net income $ 164 $ 101 $ 532 $ 349
Basic earnings per share (in USD per share) $ 3.47 $ 1.98 $ 11.08 $ 6.83
Diluted earnings per share (in USD per share) $ 3.43 $ 1.97 $ 10.97 $ 6.78
Tangible products        
Net sales:        
Total Net sales $ 1,370 $ 1,081 $ 3,917 $ 3,198
Cost of sales:        
Total Cost of sales 745 557 1,983 1,652
Services and software        
Net sales:        
Total Net sales 244 239 749 723
Cost of sales:        
Total Cost of sales $ 131 $ 129 $ 378 $ 374