Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.19.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Jun. 29, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Net revenue $ 1,531 $ 1,756 $ 2,803 $ 3,403
Cost of sales 910 1,104 1,661 2,154
Gross profit 621 652 1,142 1,249
Research and development 373 357 746 700
Marketing, general and administrative 189 142 359 276
Licensing gain 0 0 (60) 0
Operating income 59 153 97 273
Interest expense (25) (31) (52) (62)
Other income (expense), net 3 1 (4) 2
Income before income taxes and equity loss 37 123 41 213
Provision (benefit) for income taxes 2 6 (11) 14
Equity loss in investee 0 (1) (1) (2)
Net income $ 35 $ 116 $ 51 $ 197
Earnings per share        
Basic (in usd per share) $ 0.03 $ 0.12 $ 0.05 $ 0.20
Diluted (in usd per share) $ 0.03 $ 0.11 $ 0.05 $ 0.19
Shares used in per share calculation        
Basic (in shares) 1,084 972 1,064 970
Diluted (in shares) 1,109 1,147 1,102 1,043