Financial Summary (All financials)
| In millions, except per share items | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 | Dec-31-01 |
| Revenues | 9,575 | 8,897 | 8,230 | 7,885 | 7,186 | 6,421 | 5,727 | 5,666 |
| Revenue growth | 7.6% | 8.1% | 4.4% | 9.7% | 11.9% | 12.1% | 1.1% | -10.8% |
| Cost of goods sold | 7,165 | 6,430 | 5,747 | 5,512 | 5,095 | 4,508 | 3,910 | 4,008 |
| Gross profit | 2,410 | 2,467 | 2,483 | 2,373 | 2,091 | 1,913 | 1,817 | 1,658 |
| Gross margin | 25.2% | 27.7% | 30.2% | 30.1% | 29.1% | 29.8% | 31.7% | 29.3% |
| Selling, general and administrative | 1,138 | 1,091 | 1,041 | 1,008 | 966 | 892 | 879 | 861 |
| Research and development | 327 | 296 | 286 | 262 | 259 | 235 | 260 | 230 |
| EBITA | 1,237 | 1,051 | 1,180 | 1,200 | 879 | 997 | 870 | 259 |
| EBITA margin | 12.9% | 11.8% | 14.3% | 15.2% | 12.2% | 15.5% | 15.2% | 4.6% |
| Amortization of intangibles | 63 | 57 | 56 | 55 | 58 | 67 | 69 | 156 |
| EBIT | 1,174 | 994 | 1,124 | 1,145 | 821 | 930 | 801 | 103 |
| EBIT margin | 12.3% | 11.2% | 13.7% | 14.5% | 11.4% | 14.5% | 14.0% | 1.8% |
| Pre-tax income | 557 | 866 | 1,029 | 858 | 687 | 415 | 308 | -66 |
| Income taxes | 77 | 206 | 274 | 242 | 203 | 127 | 98 | 5 |
| Tax rate | 13.8% | 23.8% | 26.6% | 28.2% | 29.5% | 30.6% | 31.8% | |
| Earnings from continuing ops | 480 | 660 | 755 | 616 | 484 | 288 | 210 | -71 |
| Earnings from discontinued ops | 0 | 0 | 0 | 0 | 0 | | | |
| Net income | 482 | 661 | 735 | 637 | 497 | 280 | -570 | 395 |
| Net margin | 5.0% | 7.4% | 8.9% | 8.1% | 6.9% | 4.4% | -10.0% | 7.0% |
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| Diluted EPS | $2.44 | $3.13 | $3.41 | $2.75 | $2.16 | $1.29 | $0.95 | ($0.32) |
| Shares outstanding (diluted) | 197 | 211 | 221 | 224 | 224 | 222 | 222 | 220 |
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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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