Financial Summary (All financials)
| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| Revenues | 10,788.0 | 9,437.0 | 7,726.0 | 7,531.0 | 7,402.0 | 7,214.0 | 7,493.0 | 7,435.0 |
| Revenue growth | 14.3% | 22.1% | 2.6% | 1.7% | 2.6% | -3.7% | 0.8% | 4.0% |
| Cost of goods sold | 6,579.0 | 5,804.0 | 5,037.0 | 4,926.0 | 4,719.0 | 4,616.0 | 4,657.0 | 4,637.0 |
| Gross profit | 4,209.0 | 3,633.0 | 2,689.0 | 2,605.0 | 2,683.0 | 2,598.0 | 2,836.0 | 2,798.0 |
| Gross margin | 39.0% | 38.5% | 34.8% | 34.6% | 36.2% | 36.0% | 37.8% | 37.6% |
| Selling, general and administrative | 1,727.0 | 1,550.0 | 1,457.0 | 1,424.0 | 1,443.0 | 1,380.0 | 1,679.0 | 1,728.0 |
| EBITA | 2,562.0 | 2,149.0 | 1,384.0 | 1,235.0 | 1,274.0 | 1,270.0 | 1,169.0 | 1,103.0 |
| EBITA margin | 23.7% | 22.8% | 17.9% | 16.4% | 17.2% | 17.6% | 15.6% | 14.8% |
| Amortization of intangibles | 103.0 | 103.0 | 96.0 | 90.0 | 74.0 | 72.0 | 81.0 | 94.0 |
| EBIT | 2,459.0 | 2,046.0 | 1,288.0 | 1,145.0 | 1,200.0 | 1,198.0 | 1,088.0 | 1,009.0 |
| EBIT margin | 22.8% | 21.7% | 16.7% | 15.2% | 16.2% | 16.6% | 14.5% | 13.6% |
| Pre-tax income | 2,599.0 | 1,884.0 | 1,076.0 | 926.0 | 1,030.0 | 1,086.0 | 1,103.0 | 823.0 |
| Income taxes | 597.0 | 460.0 | 247.0 | 182.0 | 241.0 | 429.0 | 373.0 | -262.0 |
| Tax rate | 23.0% | 24.4% | 23.0% | 19.7% | 23.4% | 39.5% | 33.8% | |
| Earnings from continuing ops | 1,995.0 | 1,431.0 | 838.0 | 736.0 | 772.0 | 645.0 | 709.0 | 551.0 |
| Earnings from discontinued ops | | | 20.0 | | | | | 5.0 |
| Net income | 1,995.0 | 1,431.0 | 858.0 | 736.0 | 772.0 | 645.0 | 709.0 | 556.0 |
| Net margin | 18.5% | 15.2% | 11.1% | 9.8% | 10.4% | 8.9% | 9.5% | 7.5% |
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| Diluted EPS | $15.59 | $10.52 | $6.16 | $5.29 | $5.51 | $4.54 | $4.89 | $3.80 |
| Shares outstanding (diluted) | 128.0 | 136.0 | 136.0 | 139.0 | 140.0 | 142.0 | 145.0 | 145.0 |
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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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