Financial Summary (All financials)
| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| Revenues | 2,707 | 1,889 | 2,634 | 3,064 | 2,006 | 1,547 | 2,403 | 4,173 |
| Revenue growth | 43.3% | | -14.0% | 52.7% | 29.7% | -35.6% | -42.4% | -2.6% |
| Cost of goods sold | 1,954 | 1,720 | 2,205 | 2,295 | 1,933 | 800 | 983 | 1,150 |
| Gross profit | 753 | 169 | 429 | 769 | 73 | 747 | 1,420 | 3,023 |
| Gross margin | 27.8% | 8.9% | 16.3% | 25.1% | 3.6% | 48.3% | 59.1% | 72.4% |
| Selling, general and administrative | 384 | 345 | 447 | 448 | 385 | 379 | 534 | 519 |
| General and administrative | 162 | 145 | 157 | 149 | 136 | 144 | 180 | 217 |
| EBIT | 872 | 439 | 429 | 769 | 73 | -293 | -290 | 1,053 |
| EBIT margin | 32.2% | 23.2% | 16.3% | 25.1% | 3.6% | -18.9% | -12.1% | 25.2% |
| Pre-tax income | 761 | 229 | 100 | 429 | -262 | 201 | -5,476 | -2,421 |
| Income taxes | 237 | -396 | 1 | 0 | 0 | -78 | -1,922 | -987 |
| Tax rate | 31.1% | | 1.0% | 0.0% | 0.0% | | 35.1% | 40.8% |
| Net income | 524 | 612 | -28 | 328 | -266 | 279 | -3,554 | -1,434 |
| Net margin | 19.4% | 32.4% | -1.1% | 10.7% | -13.3% | 18.0% | -147.9% | -34.4% |
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| Diluted EPS | $6.75 | $7.37 | ($0.57) | $6.92 | ($6.26) | $6.91 | ($92.79) | ($37.54) |
| Shares outstanding (diluted) | 78 | 83 | 49 | 47 | 43 | 40 | 38 | 38 |
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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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