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 | 77,924.0 | 59,751.0 | 47,996.0 | 41,377.0 | 40,107.0 | 37,923.0 | 34,500.0 | 35,068.0 |
| Revenue growth | 30.4% | 24.5% | 16.0% | 3.2% | 5.8% | 9.9% | -1.6% | 2.3% |
| Cost of goods sold | 29,757.0 | 50,981.0 | 43,267.0 | 39,102.0 | 19,023.0 | 18,495.0 | 17,186.0 | 17,398.0 |
| Gross profit | 48,167.0 | 8,770.0 | 4,729.0 | 2,275.0 | 21,084.0 | 19,428.0 | 17,314.0 | 17,670.0 |
| Gross margin | 61.8% | 14.7% | 9.9% | 5.5% | 52.6% | 51.2% | 50.2% | 50.4% |
| Selling, general and administrative | 27,852.0 | | | | | | | |
| Sales and marketing | | 643.0 | 434.0 | 660.0 | 691.0 | 609.0 | 587.0 | 681.0 |
| Research and development | | 3,119.0 | 2,465.0 | 2,194.0 | 2,016.0 | 1,791.0 | 1,787.0 | 1,767.0 |
| General and administrative | | 2,933.0 | 2,205.0 | 2,137.0 | 2,265.0 | 2,169.0 | 2,128.0 | 2,298.0 |
| EBITA | 46,481.0 | 4,063.0 | 984.0 | -1,176.0 | 16,549.0 | 15,679.0 | 12,972.0 | 13,465.0 |
| EBITA margin | 59.6% | 6.8% | 2.1% | -2.8% | 41.3% | 41.3% | 37.6% | 38.4% |
| Amortization of intangibles | | 612.0 | 373.0 | | | | | |
| EBIT | 46,481.0 | 3,451.0 | 611.0 | -1,176.0 | 16,549.0 | 15,679.0 | 12,972.0 | 13,465.0 |
| EBIT margin | 59.6% | 5.8% | 1.3% | -2.8% | 41.3% | 41.3% | 37.6% | 38.4% |
| Pre-tax income | 14,089.0 | 19,668.0 | 14,418.0 | 11,301.0 | 11,237.0 | 10,403.0 | 8,848.0 | 8,495.0 |
| Income taxes | 2,910.0 | 4,548.0 | 3,239.0 | 2,064.0 | 2,350.0 | 4,168.0 | 2,726.0 | 2,200.0 |
| Tax rate | 20.7% | 23.1% | 22.5% | 18.3% | 20.9% | 40.1% | 30.8% | 25.9% |
| Earnings from continuing ops | 11,179.0 | 14,566.0 | 10,500.0 | 8,512.0 | 8,226.0 | 5,607.0 | 5,507.0 | 5,687.0 |
| Earnings from discontinued ops | | | | | -4.0 | -19.0 | 1.0 | -16.0 |
| Net income | 11,179.0 | 14,566.0 | 10,500.0 | 8,512.0 | 8,222.0 | 5,588.0 | 5,508.0 | 5,671.0 |
| Net margin | 14.3% | 24.4% | 21.9% | 20.6% | 20.5% | 14.7% | 16.0% | 16.2% |
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| Diluted EPS | | $8.03 | $6.47 | $5.19 | $4.73 | $3.08 | $2.92 | $2.91 |
| Shares outstanding (diluted) | | 1,814.0 | 1,624.0 | 1,640.0 | 1,738.0 | 1,821.0 | 1,887.0 | 1,953.0 |
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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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