Financial Summary (All financials)
| In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
| Revenues | 38,954.0 | 54,213.0 | 54,087.0 | 40,523.0 | 31,792.0 | 34,292.0 | 18,088.0 | 16,639.0 |
| Revenue growth | -28.1% | 0.2% | 33.5% | 27.5% | -7.3% | 89.6% | 8.7% | |
| Cost of goods sold | 25,487.0 | 39,801.0 | 41,603.0 | 30,966.0 | 23,693.0 | 26,714.0 | 16,877.0 | 15,600.0 |
| Gross profit | 13,467.0 | 14,412.0 | 12,484.0 | 9,557.0 | 8,099.0 | 7,578.0 | 1,211.0 | 1,039.0 |
| Gross margin | 34.6% | 26.6% | 23.1% | 23.6% | 25.5% | 22.1% | 6.7% | 6.2% |
| Selling, general and administrative | 701.0 | 686.0 | 664.0 | 568.0 | 547.0 | 475.0 | 118.0 | 92.0 |
| EBITA | 5,998.0 | 7,598.0 | 6,232.0 | 3,948.0 | 3,285.0 | 3,035.0 | 419.0 | 609.0 |
| EBITA margin | 15.4% | 14.0% | 11.5% | 9.7% | 10.3% | 8.9% | 2.3% | 3.7% |
| Amortization of intangibles | | | | | | | 52.0 | 49.0 |
| EBIT | 5,998.0 | 7,598.0 | 6,232.0 | 3,948.0 | 3,285.0 | 3,035.0 | 367.0 | 560.0 |
| EBIT margin | 15.4% | 14.0% | 11.5% | 9.7% | 10.3% | 8.9% | 2.0% | 3.4% |
| Pre-tax income | 550.0 | 5,314.0 | 4,099.0 | 1,148.0 | 656.0 | 1,366.0 | 325.0 | 504.0 |
| Income taxes | 239.0 | 199.0 | 5.0 | -1,804.0 | -255.0 | -123.0 | 25.0 | 30.0 |
| Tax rate | 43.5% | 3.7% | 0.1% | | | | 7.7% | 6.0% |
| Earnings from continuing ops | -142.0 | 4,010.0 | 3,379.0 | 2,532.0 | 616.0 | -27.0 | 110.0 | 339.0 |
| Earnings from discontinued ops | | | -265.0 | -177.0 | -462.0 | | | |
| Net income | -142.0 | 4,010.0 | 3,114.0 | 2,355.0 | 154.0 | -27.0 | 110.0 | 339.0 |
| Net margin | -0.4% | 7.4% | 5.8% | 5.8% | 0.5% | -0.1% | 0.6% | 2.0% |
| |
| Diluted EPS | | | | $2.44 | $0.81 | ($0.04) | $0.51 | $1.63 |
| Shares outstanding (diluted) | | | | 1,037.8 | 758.2 | 650.2 | 214.1 | 208.6 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|