Financial Summary (All financials)
| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-05-18 | Dec-31-17 | Dec-31-16 |
| Revenues | 11,475 | 9,536 | 8,265 | 9,287 | 8,633 | 8,633 | 8,254 | 8,360 |
| Revenue growth | 20.3% | 15.4% | -11.0% | 7.6% | 4.6% | | -1.3% | -6.9% |
| Cost of goods sold | 8,704 | 7,142 | 6,263 | 7,146 | 6,732 | 6,732 | 6,448 | 6,633 |
| Gross profit | 2,771 | 2,393 | 2,002 | 2,141 | 1,900 | 1,900 | 1,806 | 1,727 |
| Gross margin | 24.1% | 25.1% | 24.2% | 23.1% | 22.0% | 22.0% | 21.9% | 20.7% |
| Selling, general and administrative | 1,249 | 1,192 | 1,022 | 1,069 | 931 | 253 | 943 | 899 |
| EBITA | 881 | 540 | 397 | 264 | 447 | 442 | 409 | 364 |
| EBITA margin | 7.7% | 5.7% | 4.8% | 2.8% | 5.2% | 5.1% | 5.0% | 4.4% |
| Amortization of intangibles | 48 | 53 | 60 | 60 | 54 | 54 | 65 | 86 |
| EBIT | 833 | 487 | 337 | 204 | 392 | 387 | 344 | 279 |
| EBIT margin | 7.3% | 5.1% | 4.1% | 2.2% | 4.5% | 4.5% | 4.2% | 3.3% |
| Pre-tax income | 756 | 585 | 59 | -1 | 222 | 222 | 169 | -80 |
| Income taxes | 211 | 125 | 6 | 105 | 50 | 50 | 49 | -11 |
| Tax rate | 27.9% | 21.3% | 10.3% | | 22.5% | 22.5% | 29.0% | 14.1% |
| Earnings from continuing ops | 756 | 585 | 59 | -106 | 172 | 172 | 120 | -68 |
| Earnings from discontinued ops | | | | 5 | | | | |
| Net income | 756 | 585 | 59 | -100 | 172 | 172 | 120 | -68 |
| Net margin | 6.6% | 6.1% | 0.7% | -1.1% | 2.0% | 2.0% | 1.5% | -0.8% |
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| Diluted EPS | $4.52 | $3.41 | $0.35 | ($0.64) | $1.21 | $141.20 | $0.85 | ($0.50) |
| Shares outstanding (diluted) | 167 | 171 | 170 | 164 | 142 | 1 | 141 | 138 |
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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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