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 |
| Revenues | 180,516 | 174,078 | 160,401 | 153,566 | 48,650 | 41,806 | 39,838 |
| Revenue growth | 3.7% | 8.5% | 4.5% | 215.7% | 16.4% | 4.9% | |
| Cost of goods sold | 124,834 | 117,553 | 103,484 | 97,668 | 4,793 | 2,456 | 2,468 |
| Gross profit | 55,682 | 56,525 | 56,917 | 55,898 | 43,857 | 39,350 | 37,370 |
| Gross margin | 30.8% | 32.5% | 35.5% | 36.4% | 90.1% | 94.1% | 93.8% |
| Selling, general and administrative | 13,186 | 13,030 | 14,072 | 14,053 | 11,934 | 10,030 | 9,790 |
| EBITA | 10,290 | 9,933 | 10,135 | 11,026 | 4,395 | 4,057 | 3,239 |
| EBITA margin | 5.7% | 5.7% | 6.3% | 7.2% | 9.0% | 9.7% | 8.1% |
| Amortization of intangibles | 1,876 | 1,998 | 1,982 | 2,949 | 235 | 115 | 151 |
| EBIT | 8,414 | 7,935 | 8,153 | 8,077 | 4,160 | 3,942 | 3,088 |
| EBIT margin | 4.7% | 4.6% | 5.1% | 5.3% | 8.6% | 9.4% | 7.8% |
| Pre-tax income | 8,353 | 6,782 | 10,868 | 6,570 | 3,581 | 3,606 | 2,979 |
| Income taxes | 1,607 | 1,367 | 2,379 | 1,450 | 935 | 1,374 | 1,136 |
| Tax rate | 19.2% | 20.2% | 21.9% | 22.1% | 26.1% | 38.1% | 38.1% |
| Net income | 6,668 | 5,365 | 8,458 | 5,104 | 2,637 | 2,237 | 1,867 |
| Net margin | 3.7% | 3.1% | 5.3% | 3.3% | 5.4% | 5.4% | 4.7% |
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| Diluted EPS | $21.30 | $15.73 | $22.96 | $13.44 | $10.54 | $8.77 | $7.19 |
| Shares outstanding (diluted) | 313 | 341 | 368 | 380 | 250 | 255 | 260 |
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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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