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 | 14,877 | 16,121 | 13,979 | 11,555 | 11,333 | 10,308 | 9,553 | 8,680 |
| Revenue growth | -7.7% | 15.3% | 21.0% | 2.0% | 9.9% | 7.9% | 10.1% | 44.4% |
| Cost of goods sold | 10,492 | 10,497 | 9,026 | 8,302 | 8,157 | 7,216 | 6,699 | 5,777 |
| Gross profit | 4,385 | 5,624 | 4,953 | 3,253 | 3,176 | 3,092 | 2,854 | 2,903 |
| Gross margin | 29.5% | 34.9% | 35.4% | 28.1% | 28.0% | 30.0% | 29.9% | 33.4% |
| Selling, general and administrative | 1,997 | 1,952 | 1,729 | 1,625 | 1,571 | 1,499 | 1,346 | 1,628 |
| EBITA | 2,394 | 3,699 | 3,226 | 1,638 | 1,619 | 1,625 | 1,516 | 1,285 |
| EBITA margin | 16.1% | 22.9% | 23.1% | 14.2% | 14.3% | 15.8% | 15.9% | 14.8% |
| Amortization of intangibles | 259 | 370 | 275 | 243 | 232 | 217 | 180 | 165 |
| EBIT | 2,135 | 3,329 | 2,951 | 1,395 | 1,388 | 1,408 | 1,337 | 1,121 |
| EBIT margin | 14.3% | 20.7% | 21.1% | 12.1% | 12.2% | 13.7% | 14.0% | 12.9% |
| Pre-tax income | 1,583 | 3,127 | 2,219 | 1,105 | 1,268 | 1,078 | 1,074 | 726 |
| Income taxes | 302 | 747 | 662 | 280 | 384 | -155 | 361 | 287 |
| Tax rate | 19.1% | 23.9% | 29.8% | 25.3% | 30.3% | | 33.6% | 39.6% |
| Net income | 1,279 | 2,377 | 1,556 | 824 | 884 | 1,227 | 712 | 438 |
| Net margin | 8.6% | 14.7% | 11.1% | 7.1% | 7.8% | 11.9% | 7.5% | 5.0% |
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| Diluted EPS | $13.96 | $24.38 | $15.88 | $8.35 | $8.61 | $11.81 | $6.82 | $4.35 |
| Shares outstanding (diluted) | 92 | 98 | 98 | 99 | 103 | 104 | 104 | 101 |
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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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