Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.23.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Apr. 01, 2023
Mar. 26, 2022
Income Statement [Abstract]    
Net revenue $ 5,353 $ 5,887
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization 2,689 2,883
Amortization of acquisition-related intangibles- COGS 305 186
Cost of sales 2,994 3,069
Gross profit 2,359 2,818
Research and development 1,411 1,060
Marketing, general and administrative 585 597
Amortization of acquisition-related intangibles-Opex 518 293
Licensing gain (10) (83)
Operating income (loss) (145) 951
Interest expense (25) (13)
Other income (expense), net 43 (42)
Income (loss) before income taxes and equity income (127) 896
Income tax provision 13 113
Equity income in investee 1 3
Net income (loss) $ (139) $ 786
Earnings (loss) per share    
Basic (in usd per share) $ (0.09) $ 0.56
Diluted (in usd per share) $ (0.09) $ 0.56
Shares used in per share calculation    
Basic (in shares) 1,611 1,393
Diluted (in shares) 1,611 1,410