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 | 20,297.0 | 15,295.0 | 14,445.0 | 22,408.0 | 23,995.0 | 20,620.0 | 15,887.0 | 23,633.0 |
| Revenue growth | 32.7% | 5.9% | -35.5% | -6.6% | 16.4% | 29.8% | -32.8% | -28.1% |
| Cost of goods sold | 16,984.0 | 13,279.0 | 12,900.0 | 20,123.0 | 21,009.0 | 18,343.0 | 15,017.0 | 21,113.0 |
| Gross profit | 3,313.0 | 2,016.0 | 1,545.0 | 2,285.0 | 2,986.0 | 2,277.0 | 870.0 | 2,520.0 |
| Gross margin | 16.3% | 13.2% | 10.7% | 10.2% | 12.4% | 11.0% | 5.5% | 10.7% |
| General and administrative | 240.0 | 204.0 | 182.0 | 227.0 | 254.0 | 256.0 | 226.0 | 200.0 |
| EBIT | 3,073.0 | 1,812.0 | 1,363.0 | 2,058.0 | 2,732.0 | 2,021.0 | 644.0 | 2,320.0 |
| EBIT margin | 15.1% | 11.8% | 9.4% | 9.2% | 11.4% | 9.8% | 4.1% | 9.8% |
| Pre-tax income | 2,110.0 | 1,252.0 | -3,220.0 | -1,122.0 | 1,814.0 | 682.0 | -7,625.0 | -936.0 |
| Income taxes | 515.0 | -216.0 | -278.0 | 7.0 | 157.0 | 1,131.0 | -1,858.0 | -274.0 |
| Tax rate | 24.4% | | 8.6% | | 8.7% | 165.8% | 24.4% | 29.3% |
| Earnings from continuing ops | 1,572.0 | 1,457.0 | -2,945.0 | -1,131.0 | 1,656.0 | -444.0 | -5,761.0 | -666.0 |
| Earnings from discontinued ops | | | | | | -19.0 | -2.0 | -5.0 |
| Net income | 1,572.0 | 1,457.0 | -2,945.0 | -1,131.0 | 1,656.0 | -463.0 | -5,763.0 | -671.0 |
| Net margin | 7.7% | 9.5% | -20.4% | -5.0% | 6.9% | -2.2% | -36.3% | -2.8% |
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| Diluted EPS | $1.73 | $1.63 | ($3.34) | ($1.29) | $1.89 | ($0.51) | ($6.69) | ($0.78) |
| Shares outstanding (diluted) | 908.0 | 892.0 | 881.0 | 875.0 | 877.0 | 870.0 | 861.0 | 853.0 |
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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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