Financial Summary (All financials)
| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| Revenues | 3,320.0 | 3,709.0 | 3,966.0 | 4,224.0 | 4,440.0 | 3,516.0 | 3,844.0 | 3,722.0 |
| Revenue growth | -10.5% | -6.5% | -6.1% | -4.9% | 26.3% | -8.5% | 3.3% | 0.5% |
| Cost of goods sold | 913.0 | 1,048.0 | 1,019.0 | 1,015.0 | 1,279.0 | 1,152.0 | 1,172.0 | 1,157.0 |
| Gross profit | 2,407.0 | 2,661.0 | 2,947.0 | 3,209.0 | 3,161.0 | 2,364.0 | 2,672.0 | 2,565.0 |
| Gross margin | 72.5% | 71.7% | 74.3% | 76.0% | 71.2% | 67.2% | 69.5% | 68.9% |
| Selling, general and administrative | -13.0 | 791.0 | 381.0 | 6.0 | 334.0 | -37.0 | 55.0 | 84.0 |
| EBIT | 1,967.0 | 626.0 | 2,717.0 | -545.0 | 2,185.0 | 632.0 | 569.0 | 1,242.0 |
| EBIT margin | 59.2% | 16.9% | 68.5% | -12.9% | 49.2% | 18.0% | 14.8% | 33.4% |
| Pre-tax income | 912.0 | -982.0 | 270.0 | 586.0 | 1,049.0 | 218.0 | 560.0 | 298.0 |
| Income taxes | 224.0 | -42.0 | 157.0 | 266.0 | 1,228.0 | 89.0 | 230.0 | -56.0 |
| Tax rate | 24.6% | 4.3% | 58.1% | 45.4% | 117.1% | 40.8% | 41.1% | |
| Net income | 688.0 | -940.0 | 113.0 | 320.0 | -179.0 | 129.0 | 330.0 | 354.0 |
| Net margin | 20.7% | -25.3% | 2.8% | 7.6% | -4.0% | 3.7% | 8.6% | 9.5% |
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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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