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 | 18,128.0 | 16,154.0 | 10,097.0 | 12,080.0 | 13,318.0 | 13,705.0 | 13,058.0 | 14,403.0 |
| Revenue growth | 12.2% | 60.0% | -16.4% | -9.3% | -2.8% | 5.0% | -9.3% | -11.2% |
| Cost of goods sold | 11,910.0 | 8,861.0 | 5,020.0 | 5,854.0 | 6,943.0 | 6,817.0 | 5,801.0 | 6,452.0 |
| Gross profit | 6,218.0 | 7,293.0 | 5,077.0 | 6,226.0 | 6,375.0 | 6,888.0 | 7,257.0 | 7,951.0 |
| Gross margin | 34.3% | 45.1% | 50.3% | 51.5% | 47.9% | 50.3% | 55.6% | 55.2% |
| General and administrative | 1,078.0 | 1,081.0 | 1,026.0 | 1,016.0 | 946.0 | 1,086.0 | 1,124.0 | 1,129.0 |
| EBITA | 3,444.0 | 5,803.0 | 4,854.0 | 3,099.0 | 3,727.0 | 3,346.0 | 3,651.0 | 4,323.0 |
| EBITA margin | 19.0% | 35.9% | 48.1% | 25.7% | 28.0% | 24.4% | 28.0% | 30.0% |
| Amortization of intangibles | 253.0 | 237.0 | 212.0 | 214.0 | 219.0 | 220.0 | 223.0 | 221.0 |
| EBIT | 3,191.0 | 5,566.0 | 4,642.0 | 2,885.0 | 3,508.0 | 3,126.0 | 3,428.0 | 4,102.0 |
| EBIT margin | 17.6% | 34.5% | 46.0% | 23.9% | 26.3% | 22.8% | 26.3% | 28.5% |
| Pre-tax income | 3,335.0 | 2,219.0 | 661.0 | 3,165.0 | 2,506.0 | 2,161.0 | 1,638.0 | 772.0 |
| Income taxes | 710.0 | 369.0 | 481.0 | 926.0 | 587.0 | 1,938.0 | 917.0 | 564.0 |
| Tax rate | 21.3% | 16.6% | 72.8% | 29.3% | 23.4% | 89.7% | 56.0% | 73.1% |
| Net income | 2,548.0 | 1,784.0 | 119.0 | 2,190.0 | 1,481.0 | 27.0 | 552.0 | 227.0 |
| Net margin | 14.1% | 11.0% | 1.2% | 18.1% | 11.1% | 0.2% | 4.2% | 1.6% |
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| Diluted EPS | $1.13 | $0.79 | $0.05 | $0.97 | $0.67 | $0.01 | $0.25 | $0.10 |
| Shares outstanding (diluted) | 2,258.0 | 2,266.0 | 2,263.0 | 2,264.0 | 2,216.0 | 2,230.0 | 2,230.0 | 2,193.0 |
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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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