Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Income Statement [Abstract]    
Net revenue $ 5,473 $ 5,353
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization 2,683 2,689
Amortization of acquisition-related intangibles- COGS 230 305
Cost of sales 2,913 2,994
Gross profit 2,560 2,359
Research and development 1,525 1,411
Marketing, general and administrative 620 585
Amortization of acquisition-related intangibles-Opex 392 518
Licensing gain (13) (10)
Operating income (loss) 36 (145)
Interest expense (25) (25)
Other income (expense), net 53 43
Income (loss) before income taxes and equity income 64 (127)
Income tax provision (benefit) (52) 13
Equity income in investee 7 1
Net income (loss) $ 123 $ (139)
Earnings (loss) per share    
Basic (in usd per share) $ 0.08 $ (0.09)
Diluted (in usd per share) $ 0.07 $ (0.09)
Shares used in per share calculation    
Basic (in shares) 1,617 1,611
Diluted (in shares) 1,639 1,611