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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Sep. 28, 2024
Sep. 30, 2023
Revenues        
Total revenues $ 10,598 $ 10,574 $ 31,484 $ 31,971 Close
Costs and operating expenses:        
Selling, general and administrative expenses 2,098 2,049 6,392 6,313
Research and development expenses 346 319 1,016 1,010
Restructuring and other costs 45 84 151 379
Total costs and operating expenses 8,759 8,710 26,163 26,966 Close
Operating income 1,838 1,864 5,321 5,005 Close
Interest income 277 246 851 570 CloseCloseCloseCloseCloseCloseClose
Interest expense (356) (359) (1,073) (985) CloseCloseCloseCloseCloseCloseClose
Other income/(expense) (16) 14 (2) (32) CloseCloseCloseCloseCloseCloseCloseClose
Total Other Income Expenses 95.0 127.0 224.0 447.0 0.0 Close
Total Other Income Expenses 617.0 591.0 1922.0 1523.0 0.0 Close Close
Total Other Income Expenses 63.0 99.0 220.0 383.0 0.0 Close Close
Total Other Income Expenses -95.0 -127.0 -224.0 -447.0 0.0 Close Close
Total Other Income Expenses -649.0 -619.0 -1926.0 -1587.0 0.0 Close Close
Total Other Income Expenses 649.0 619.0 1926.0 1587.0 0.0 Close Close
Total Other Income Expenses -95.0 -99.0 -224.0 -447.0 0.0 Close Close
Income before income taxes 1,742 1,765 5,096 4,558 CloseClose
Provision for income taxes (99) (53) (507) (151) Close
Equity in earnings/(losses) of unconsolidated entities (14) (17) (75) (58) Close
Net income 1,629 1,695 4,514 4,349 Close
Less: net income/(losses) attributable to noncontrolling interests and redeemable noncontrolling interest 0 (20) 9 (16)
Net income attributable to Thermo Fisher Scientific Inc. $ 1,630 $ 1,715 $ 4,505 $ 4,365
Earnings per share attributable to Thermo Fisher Scientific Inc.        
Basic (in dollars per share) $ 4.26 $ 4.44 $ 11.79 $ 11.31
Diluted (in dollars per share) $ 4.25 $ 4.42 $ 11.75 $ 11.25
Weighted average shares        
Basic (in shares) 382 386 382 386
Diluted (in shares) 384 388 383 388
Product revenues        
Revenues        
Total revenues $ 6,148 $ 6,157 $ 18,266 $ 18,832
Costs and operating expenses:        
Cost of revenues 3,170 3,214 9,189 9,829
Service revenues        
Revenues        
Total revenues 4,450 4,417 13,218 13,139
Costs and operating expenses:        
Cost of revenues $ 3,100 $ 3,044 $ 9,415 $ 9,435