v3.26.3
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Income Statement [Abstract]        
Revenues $ 1,574 $ 1,602 $ 4,592 $ 4,709
Cost of sales 705 745 2,093 2,137
Gross profit 869 857 2,499 2,572
Selling, general and administrative 421 415 1,279 1,288
Research and development 83 84 266 275
Acquired in-process research and development and milestones 0 0 1 6
Restructuring costs 0 0 31 88
Interest expense 106 128 325 383
Exchange losses 6 17 15 12
Other income, net (2) (30) (69) (53)
Income before income taxes 255 243 651 573
Income tax expense 91 83 233 181
Net income $ 164 $ 160 $ 418 $ 392
Earnings per share:        
Basic (in dollars per share) $ 0.62 $ 0.61 $ 1.60 $ 1.51
Diluted (in dollars per share) $ 0.60 $ 0.61 $ 1.56 $ 1.50
Weighted average shares outstanding:        
Basic (in shares) 262,616 259,975 261,874 259,266
Diluted (in shares) 272,384 260,653 268,585 260,611