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 | 25,096.0 | 26,013.0 | 26,153.0 | 25,110.0 | 25,364.0 | 19,494.0 | 19,337.0 | 25,434.0 |
| Revenue growth | -3.5% | -0.5% | 4.2% | -1.0% | 30.1% | 0.8% | -24.0% | 3.7% |
| Cost of goods sold | 6,442.0 | 7,119.0 | 7,818.0 | 7,085.0 | 13,110.0 | 7,531.0 | 7,765.0 | 7,740.0 |
| Gross profit | 18,654.0 | 18,894.0 | 18,335.0 | 18,025.0 | 12,254.0 | 11,963.0 | 11,572.0 | 17,694.0 |
| Gross margin | 74.3% | 72.6% | 70.1% | 71.8% | 48.3% | 61.4% | 59.8% | 69.6% |
| Selling, general and administrative | 2,327.0 | 2,432.0 | 2,150.0 | 0.0 | 0.0 | 2,338.0 | 2,662.0 | 2,708.0 |
| EBITA | 11,992.0 | 11,632.0 | 10,945.0 | 18,069.0 | 12,292.0 | 9,139.0 | 8,136.0 | 7,629.0 |
| EBITA margin | 47.8% | 44.7% | 41.8% | 72.0% | 48.5% | 46.9% | 42.1% | 30.0% |
| Amortization of intangibles | 73.0 | 72.0 | 72.0 | 44.0 | 38.0 | 21.0 | 21.0 | 21.0 |
| EBIT | 11,919.0 | 11,560.0 | 10,873.0 | 18,025.0 | 12,254.0 | 9,118.0 | 8,115.0 | 7,608.0 |
| EBIT margin | 47.5% | 44.4% | 41.6% | 71.8% | 48.3% | 46.8% | 42.0% | 29.9% |
| Pre-tax income | 7,389.0 | 3,824.0 | 6,890.0 | 766.0 | 9,341.0 | 9,828.0 | 21,852.0 | 8,078.0 |
| Income taxes | 1,625.0 | 1,349.0 | 2,436.0 | 2,064.0 | 2,374.0 | -399.0 | 7,608.0 | 2,835.0 |
| Tax rate | 22.0% | 35.3% | 35.4% | 269.5% | 25.4% | | 34.8% | 35.1% |
| Net income | 5,764.0 | 2,475.0 | 4,467.0 | -1,293.0 | 6,963.0 | 10,222.0 | 14,239.0 | 5,241.0 |
| Net margin | 23.0% | 9.5% | 17.1% | -5.1% | 27.5% | 52.4% | 73.6% | 20.6% |
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| Diluted EPS | $3.20 | $1.34 | $2.40 | ($0.69) | $3.69 | $5.32 | $7.29 | $2.67 |
| Shares outstanding (diluted) | 1,804.0 | 1,845.0 | 1,859.0 | 1,869.0 | 1,888.0 | 1,921.0 | 1,952.0 | 1,961.0 |
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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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