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 | 9,569 | 9,853 | 8,263 | 8,776 | 8,415 | 7,769 | 7,075 | 6,909 |
| Revenue growth | -2.9% | 19.2% | -5.8% | 4.3% | 8.3% | 9.8% | 2.4% | -0.4% |
| Cost of goods sold | 8,940 | 8,467 | 7,302 | 7,351 | 6,989 | 6,468 | 5,997 | 6,001 |
| Gross profit | 629 | 1,386 | 961 | 1,425 | 1,426 | 1,301 | 1,078 | 908 |
| Gross margin | 6.6% | 14.1% | 11.6% | 16.2% | 16.9% | 16.7% | 15.2% | 13.1% |
| Selling, general and administrative | 0 | 0 | 0 | | | | | |
| General and administrative | 0 | 0 | 0 | 487 | 456 | 495 | 429 | 395 |
| EBITA | 728 | 1,431 | 985 | 917 | 967 | 792 | 646 | 488 |
| EBITA margin | 7.6% | 14.5% | 11.9% | 10.4% | 11.5% | 10.2% | 9.1% | 7.1% |
| Amortization of intangibles | 99 | 45 | 24 | 16 | 26 | 14 | 12 | 13 |
| EBIT | 629 | 1,386 | 961 | 901 | 941 | 778 | 634 | 475 |
| EBIT margin | 6.6% | 14.1% | 11.6% | 10.3% | 11.2% | 10.0% | 9.0% | 6.9% |
| Pre-tax income | 687 | 1,392 | 1,108 | 1,003 | 950 | 803 | 666 | 496 |
| Income taxes | 207 | 369 | 295 | 260 | 214 | 379 | 156 | 168 |
| Tax rate | 30.1% | 26.5% | 26.6% | 25.9% | 22.5% | 47.2% | 23.4% | 33.9% |
| Net income | 442 | 990 | 784 | 713 | 708 | 398 | 498 | 323 |
| Net margin | 4.6% | 10.0% | 9.5% | 8.1% | 8.4% | 5.1% | 7.0% | 4.7% |
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| Diluted EPS | $1.04 | $2.28 | $1.95 | $1.84 | $1.79 | $1.00 | $1.35 | $0.89 |
| Shares outstanding (diluted) | 425 | 434 | 402 | 388 | 395 | 398 | 369 | 364 |
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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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