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 | 6,076 | 6,468 | 6,834 | 7,555 | 7,864 | 8,550 | 8,910 | 8,964 |
| Revenue growth | -6.1% | -5.4% | -9.5% | -3.9% | -8.0% | -4.0% | -0.6% | 1.4% |
| Cost of goods sold | 1,646 | 1,722 | 1,995 | 2,333 | 2,669 | 2,881 | 2,934 | 2,872 |
| Gross profit | 4,430 | 4,746 | 4,839 | 5,222 | 5,195 | 5,669 | 5,976 | 6,092 |
| Gross margin | 72.9% | 73.4% | 70.8% | 69.1% | 66.1% | 66.3% | 67.1% | 68.0% |
| Selling, general and administrative | 454 | 354 | 564 | 659 | 799 | 925 | 1,020 | 1,015 |
| EBITA | 2,834 | 3,284 | 3,192 | 3,417 | 3,241 | 2,984 | 3,091 | 3,131 |
| EBITA margin | 46.6% | 50.8% | 46.7% | 45.2% | 41.2% | 34.9% | 34.7% | 34.9% |
| Amortization of intangibles | 79 | 176 | 481 | 533 | 581 | 671 | 767 | 871 |
| EBIT | 2,755 | 3,108 | 2,711 | 2,884 | 2,660 | 2,313 | 2,324 | 2,260 |
| EBIT margin | 45.3% | 48.1% | 39.7% | 38.2% | 33.8% | 27.1% | 26.1% | 25.2% |
| Pre-tax income | 2,590 | 2,816 | 2,302 | 2,468 | 2,159 | 1,791 | 1,763 | 1,733 |
| Income taxes | 671 | 709 | 595 | 641 | 494 | 134 | 678 | 659 |
| Tax rate | 25.9% | 25.2% | 25.8% | 26.0% | 22.9% | 7.5% | 38.5% | 38.0% |
| Net income | 1,919 | 2,107 | 1,707 | 1,827 | 1,665 | 1,657 | 1,085 | 1,074 |
| Net margin | 31.6% | 32.6% | 25.0% | 24.2% | 21.2% | 19.4% | 12.2% | 12.0% |
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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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