Financial Summary (All financials)
| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 |
| Revenues | 14,726 | 11,009 | 11,665 |
| Revenue growth | 33.8% | -5.6% | |
| Cost of goods sold | 3,139 | 2,745 | 2,480 |
| Gross profit | 11,586 | 8,264 | 9,185 |
| Gross margin | 78.7% | 75.1% | 78.7% |
| Selling, general and administrative | 5,746 | 6,577 | 7,958 |
| EBIT | 5,841 | 1,687 | 1,228 |
| EBIT margin | 39.7% | 15.3% | 10.5% |
| Pre-tax income | 5,841 | 1,687 | 1,228 |
| Income taxes | 1,118 | 233 | 160 |
| Tax rate | 19.1% | 13.8% | 13.0% |
| Net income | 4,723 | 1,454 | 1,067 |
| Net margin | 32.1% | 13.2% | 9.2% |
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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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