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-31-17 | Dec-31-16 | Dec-31-15 |
| Revenues | 12,164 | 11,400 | 9,363 | 10,292 | 8,040 | 7,594 | 5,276 | 4,795 |
| Revenue growth | 6.7% | 21.8% | -9.0% | 28.0% | 5.9% | 43.9% | 10.0% | 7.8% |
| Cost of goods sold | 5,161 | 4,815 | 4,119 | 4,197 | 3,193 | 2,912 | 2,300 | 1,823 |
| Gross profit | 7,003 | 6,585 | 5,244 | 6,095 | 4,847 | 4,682 | 2,976 | 2,972 |
| Gross margin | 57.6% | 57.8% | 56.0% | 59.2% | 60.3% | 61.7% | 56.4% | 62.0% |
| Selling, general and administrative | 2,383 | 2,232 | 2,112 | 2,232 | 1,649 | 1,646 | 1,399 | 1,394 |
| Sales and marketing | 352 | 325 | 362 | 427 | 470 | 499 | 513 | 533 |
| EBITA | 2,920 | 2,799 | 1,996 | 2,344 | 2,183 | 2,092 | 1,405 | 1,069 |
| EBITA margin | 24.0% | 24.6% | 21.3% | 22.8% | 27.2% | 27.5% | 26.6% | 22.3% |
| Amortization of intangibles | 782 | 802 | 815 | 790 | 654 | 594 | 168 | 155 |
| EBIT | 2,138 | 1,997 | 1,181 | 1,554 | 1,529 | 1,498 | 1,237 | 914 |
| EBIT margin | 17.6% | 17.5% | 12.6% | 15.1% | 19.0% | 19.7% | 23.4% | 19.1% |
| Pre-tax income | 2,193 | 789 | -1,435 | 513 | 1,041 | 827 | 1,419 | 458 |
| Income taxes | 164 | 45 | -44 | 166 | 176 | -1,063 | 495 | 210 |
| Tax rate | 7.5% | 5.7% | 3.1% | 32.4% | 16.9% | | 34.9% | 45.9% |
| Net income | 2,029 | 744 | -1,391 | 106 | 531 | 1,354 | 680 | 64 |
| Net margin | 16.7% | 6.5% | -14.9% | 1.0% | 6.6% | 17.8% | 12.9% | 1.3% |
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| Diluted EPS | $3.15 | $1.17 | ($1.53) | $1.55 | $0.10 | $1.23 | | $0.19 |
| Shares outstanding (diluted) | 644 | 637 | 909 | 68 | 5,310 | 1,101 | | 337 |
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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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