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 | 2,232.0 | 2,821.0 | 2,399.0 | 2,122.0 | 2,216.0 | 7,663.0 | 7,257.0 | 6,664.0 |
| Revenue growth | -20.9% | 17.6% | 13.1% | -4.2% | -71.1% | 5.6% | 8.9% | -16.9% |
| Cost of goods sold | 3,192.0 | 3,528.0 | 2,951.0 | 2,696.0 | 2,538.0 | 2,460.0 | 2,275.0 | 2,137.0 |
| Gross profit | -960.0 | -707.0 | -552.0 | -574.0 | -322.0 | 5,203.0 | 4,982.0 | 4,527.0 |
| Gross margin | -43.0% | -25.1% | -23.0% | -27.0% | -14.5% | 67.9% | 68.7% | 67.9% |
| Selling, general and administrative | | | | | | | | |
| Sales and marketing | 3,064.0 | 3,821.0 | 2,749.0 | 2,258.0 | 2,059.0 | 2,089.0 | 1,998.0 | 1,731.0 |
| EBIT | 268.0 | 3,318.0 | 1,874.0 | 1,416.0 | 793.0 | 911.0 | 1,018.0 | 843.0 |
| EBIT margin | 12.0% | 117.6% | 78.1% | 66.7% | 35.8% | 11.9% | 14.0% | 12.7% |
| Pre-tax income | 1,535.0 | 3,083.0 | 1,784.0 | 1,369.0 | 750.0 | 864.0 | 955.0 | 770.0 |
| Income taxes | 398.0 | 713.0 | 322.0 | 308.0 | 120.0 | 235.0 | 347.0 | 274.0 |
| Tax rate | 25.9% | 23.1% | 18.0% | 22.5% | 16.0% | 27.2% | 36.3% | 35.6% |
| Earnings from continuing ops | 1,136.0 | 2,414.0 | 2,929.0 | 1,062.0 | 628.0 | 616.0 | 580.0 | 467.0 |
| Earnings from discontinued ops | | 8.0 | -25.0 | | | 155.0 | 70.0 | 60.0 |
| Net income | 1,136.0 | 2,422.0 | 2,904.0 | 1,062.0 | 628.0 | 771.0 | 650.0 | 527.0 |
| Net margin | 50.9% | 85.9% | 121.1% | 50.0% | 28.3% | 10.1% | 9.0% | 7.9% |
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| Diluted EPS | $4.10 | $8.41 | $10.24 | $3.83 | $2.26 | $1.79 | $1.66 | $1.27 |
| Shares outstanding (diluted) | 277.0 | 287.0 | 286.0 | 277.0 | 278.0 | 345.0 | 350.0 | 368.0 |
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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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