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 |
| Revenues | 7,107 | 7,038 | 7,022 | 9,066 | 9,662 | 9,991 |
| Revenue growth | 1.0% | 0.2% | -22.5% | -6.2% | -3.3% | |
| Cost of goods sold | 7,179 | 7,287 | 6,695 | 5,276 | 5,691 | 6,144 |
| Gross profit | -72 | -249 | 327 | 3,790 | 3,971 | 3,847 |
| Gross margin | -1.0% | -3.5% | 4.7% | 41.8% | 41.1% | 38.5% |
| Selling, general and administrative | 256 | 226 | 75 | 2,085 | 2,379 | 2,514 |
| Research and development | | | | 373 | 397 | 424 |
| EBITA | 171 | 9 | 564 | 1,379 | 1,056 | 712 |
| EBITA margin | 2.4% | 0.1% | 8.0% | 15.2% | 10.9% | 7.1% |
| Amortization of intangibles | 42 | 55 | 56 | 45 | 48 | 53 |
| EBIT | 129 | -46 | 508 | 1,334 | 1,008 | 659 |
| EBIT margin | 1.8% | -0.7% | 7.2% | 14.7% | 10.4% | 6.6% |
| Pre-tax income | -328 | -475 | 252 | 822 | 549 | 525 |
| Income taxes | -3 | -17 | 64 | 179 | 247 | 468 |
| Tax rate | 0.9% | 3.6% | 25.4% | 21.8% | 45.0% | 89.1% |
| Earnings from continuing ops | -322 | -455 | 192 | 651 | 310 | 70 |
| Earnings from discontinued ops | | | | 710 | 64 | 137 |
| Net income | -322 | -455 | 192 | 1,361 | 374 | 207 |
| Net margin | -4.5% | -6.5% | 2.7% | 15.0% | 3.9% | 2.1% |
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| Diluted EPS | ($2.06) | ($2.48) | $0.92 | $2.79 | $1.23 | $0.27 |
| Shares outstanding (diluted) | 156 | 183 | 209 | 233 | 252 | 257 |
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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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