Overview Financials News + Filings Key Docs Charts Transactions Holdings Ownership Insiders
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues [+] | 26,323.0 | 25,979.0 | 25,424.0 | 23,362.0 | 23,747.0 | 22,849.0 | 22,991.0 | 21,662.0 |
| Products | | | | | 23,747.0 | 22,849.0 | | 20,944.0 |
| Other | | | | | | | | 718.0 |
| Revenue growth | 1.3% | 2.2% | 8.8% | -1.6% | 3.9% | -0.6% | 6.1% | 8.0% |
| Cost of goods sold | 6,406.0 | 6,454.0 | 6,159.0 | 4,356.0 | 4,101.0 | 4,069.0 | 4,162.0 | 4,227.0 |
| Gross profit | 19,917.0 | 19,525.0 | 19,265.0 | 19,006.0 | 19,646.0 | 18,780.0 | 18,829.0 | 17,435.0 |
| Gross margin | 75.7% | 75.2% | 75.8% | 81.4% | 82.7% | 82.2% | 81.9% | 80.5% |
| Selling, general and administrative | 5,414.0 | 5,368.0 | 5,730.0 | 5,150.0 | 5,332.0 | 4,870.0 | 5,062.0 | 4,846.0 |
| Research and development | 4,434.0 | 4,819.0 | 4,207.0 | 4,116.0 | 3,737.0 | 3,562.0 | 3,840.0 | 4,070.0 |
| Equity in earnings | | | | | | | | |
| Other operating expenses | 503.0 | 1,699.0 | 189.0 | 66.0 | 314.0 | 375.0 | 133.0 | 49.0 |
| EBITDA [+] | 12,983.0 | 11,037.0 | 12,740.0 | 11,880.0 | 12,209.0 | 11,928.0 | 11,899.0 | 10,578.0 |
| EBITDA growth | 17.6% | -13.4% | 7.2% | -2.7% | 2.4% | 0.2% | 12.5% | 27.7% |
| EBITDA margin | 49.3% | 42.5% | 50.1% | 50.9% | 51.4% | 52.2% | 51.8% | 48.8% |
| Depreciation | 817.0 | 798.0 | 801.0 | 806.0 | 646.0 | 655.0 | 605.0 | 708.0 |
| EBITA | 12,166.0 | 10,239.0 | 11,939.0 | 11,074.0 | 11,563.0 | 11,273.0 | 11,294.0 | 9,870.0 |
| EBITA margin | 46.2% | 39.4% | 47.0% | 47.4% | 48.7% | 49.3% | 49.1% | 45.6% |
| Amortization of intangibles | 2,600.0 | 2,600.0 | 2,800.0 | 1,400.0 | 1,300.0 | 1,300.0 | 1,500.0 | 1,400.0 |
| EBIT [+] | 9,566.0 | 7,639.0 | 9,139.0 | 9,674.0 | 10,263.0 | 9,973.0 | 9,794.0 | 8,470.0 |
| EBIT growth | 25.2% | -16.4% | -5.5% | -5.7% | 2.9% | 1.8% | 15.6% | 36.8% |
| EBIT margin | 36.3% | 29.4% | 35.9% | 41.4% | 43.2% | 43.6% | 42.6% | 39.1% |
| Interest expense | 2,606.0 | 1,200.0 | 2,462.0 | 1,300.0 | 108.0 | 4.0 | 60.0 | 95.0 |
| Interest expense | 2,606.0 | 1,200.0 | 2,462.0 | 1,300.0 | 108.0 | 4.0 | 60.0 | 95.0 |
| Other income (expense), net | 386.0 | 262.0 | 1,456.0 | 764.0 | -610.0 | -372.0 | -571.0 | -397.0 |
| Pre-tax income | 7,346.0 | 6,701.0 | 8,133.0 | 9,138.0 | 9,545.0 | 9,597.0 | 9,163.0 | 7,978.0 |
| Income taxes | 794.0 | 808.0 | 869.0 | 1,296.0 | 1,151.0 | 7,618.0 | 1,441.0 | 1,039.0 |
| Tax rate | 10.8% | 12.1% | 10.7% | 14.2% | 12.1% | 79.4% | 15.7% | 13.0% |
| Net income | 6,552.0 | 5,893.0 | 7,264.0 | 7,842.0 | 8,394.0 | 1,979.0 | 7,722.0 | 6,939.0 |
| Net margin | 24.9% | 22.7% | 28.6% | 33.6% | 35.3% | 8.7% | 33.6% | 32.0% |
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| Basic EPS [+] | $12.18 | $10.34 | $12.40 | $12.96 | $12.70 | $2.71 | $10.32 | $9.15 |
| Growth | 17.8% | -16.6% | -4.4% | 2.1% | 369.1% | -73.8% | 12.8% | 34.7% |
| Diluted EPS [+] | $12.11 | $10.28 | $12.31 | $12.88 | $12.62 | $2.69 | $10.24 | $9.06 |
| Growth | 17.8% | -16.5% | -4.4% | 2.0% | 368.8% | -73.7% | 13.1% | 35.2% |
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| Dividends per share [+] | $7.95 | $7.22 | $6.56 | $5.95 | $5.41 | $4.77 | $4.15 | $3.16 |
| Growth | 10.1% | 10.1% | 10.3% | 10.0% | 13.4% | 14.9% | 31.3% | 29.6% |
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| Shares outstanding (basic) [+] | 538.0 | 570.0 | 586.0 | 605.0 | 661.0 | 731.0 | 748.0 | 758.0 |
| Growth | -5.6% | -2.7% | -3.1% | -8.5% | -9.6% | -2.3% | -1.3% | -0.1% |
| Shares outstanding (diluted) [+] | 541.0 | 573.0 | 590.0 | 609.0 | 665.0 | 735.0 | 754.0 | 766.0 |
| Growth | -5.6% | -2.9% | -3.1% | -8.4% | -9.5% | -2.5% | -1.6% | -0.5% |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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