Guidance for the Second Quarter 2024: ($ millions, except Per Share data) (1)
| Guidance Range | ||||||||||||||
| GAAP | Reconciliation | non-GAAP | ||||||||||||
| Low | Mid | High | Low | Mid | High | |||||||||
| Total Revenue | $ 3,025 | $ 3,125 | $ 3,225 | $ 3,025 | $ 3,125 | $ 3,225 | ||||||||
| Q-Q | -3% | 0% | 3% | -3% | 0% | 3% | ||||||||
| Y-Y | -8% | -5% | -2% | -8% | -5% | -2% | ||||||||
| Gross Profit | $ 1,715 | $ 1,788 | $ 1,863 | $(40) | $ 1,755 | $ 1,828 | $ 1,903 | |||||||
| Gross Margin | 56.7% | 57.2% | 57.8% | 58.0% | 58.5% | 59.0% | ||||||||
| Operating Income (loss) | $ 821 | $ 884 | $ 949 | $(179) | $ 1,000 | $ 1,063 | $ 1,128 | |||||||
| Operating Margin | 27.1% | 28.3% | 29.4% | 33.1% | 34.0% | 35.0% | ||||||||
| Financial Income (expense) | $(69) | $(69) | $(69) | $(6) | $(63) | $(63) | $(63) | |||||||
| Tax rate | 17.2%-18.2% | 16.3%-17.3% | ||||||||||||
| NCI & Other | $(9) | $(9) | $(9) | $(4) | $(5) | $(5) | $(5) | |||||||
| Shares - diluted | 258.5 | 258.5 | 258.5 | 258.5 | 258.5 | 258.5 | ||||||||
| Earnings Per Share - diluted | $ 2.36 | $ 2.56 | $ 2.77 | $ 3.00 | $ 3.20 | $ 3.41 | ||||||||
