Guidance for the Fourth Quarter 2024: ($ millions, except Per Share data) (1)
| Guidance Range | |||||||||||||||
| GAAP | Reconciliation | non-GAAP | |||||||||||||
| Low | Mid | High | Low | Mid | High | ||||||||||
| Total Revenue | $ 3,000 | $ 3,100 | $ 3,200 | $ 3,000 | $ 3,100 | $ 3,200 | |||||||||
| Q-Q | -8% | -5% | -2% | -8% | -5 | -2% | |||||||||
| Y-Y | -12% | -9% | -6% | -12% | -9 | -6% | |||||||||
| Gross Profit | $ 1,674 | $ 1,746 | $ 1,820 | $(35) | $ 1,709 | $ 1,781 | $ 1,855 | ||||||||
| Gross Margin | 55.8% | 56.3% | 56.9% | 57.0% | 57.5% | 58.0% | |||||||||
| Operating Income (loss) | $ 810 | $ 872 | $ 936 | $(184) | $ 994 | $ 1,056 | $ 1,120 | ||||||||
| Operating Margin | 27.0% | 28.1% | 29.3% | 33.1% | 34.1% | 35.0% | |||||||||
| Financial Income (expense) | $(87) | $(87) | $(87) | $(10) | $(77) | $(77) | $(77) | ||||||||
| Tax rate | 17.2%-18.2% | 16.3%-17.3% | |||||||||||||
| NCI & Other | $(14) | $(14) | $(14) | $(3) | $(11) | $(11) | $(11) | ||||||||
| Shares - diluted | 257.0 | 257.0 | 257.0 | 257.0 | 257.0 | 257.0 | |||||||||
| Earnings Per Share - diluted | $ 2.26 | $ 2.46 | $ 2.66 | $ 2.93 | $ 3.13 | $ 3.33 | |||||||||
