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 | 2,087.0 | 2,005.0 | 2,820.0 | 3,870.0 | 3,886.0 | 3,964.0 | 13,105.0 | 13,415.0 |
| Revenue growth | 4.1% | -28.9% | -27.1% | -0.4% | -2.0% | -69.8% | -2.3% | -6.4% |
| Cost of goods sold | 9,586.0 | 9,518.0 | 9,327.0 | 8,862.0 | 8,404.0 | 4,964.0 | 5,115.0 | 5,727.0 |
| Gross profit | -7,499.0 | -7,513.0 | -6,507.0 | -4,992.0 | -4,518.0 | -1,000.0 | 7,990.0 | 7,688.0 |
| Gross margin | -359.3% | -374.7% | -230.7% | -129.0% | -116.3% | -25.2% | 61.0% | 57.3% |
| Selling, general and administrative | 3,077.0 | 2,957.0 | 4,720.0 | 4,950.0 | 4,828.0 | 7,189.0 | 7,054.0 | 7,444.0 |
| EBIT | 1,759.0 | 2,606.0 | -949.0 | 1,710.0 | 1,408.0 | 6,281.0 | 5,107.0 | 849.0 |
| EBIT margin | 84.3% | 130.0% | -33.7% | 44.2% | 36.2% | 158.5% | 39.0% | 6.3% |
| Pre-tax income | 1,381.0 | 2,182.0 | -1,464.0 | 1,119.0 | 834.0 | 1,582.0 | 936.0 | 244.0 |
| Income taxes | 278.0 | 479.0 | -173.0 | 248.0 | 128.0 | -170.0 | -220.0 | -43.0 |
| Tax rate | 20.1% | 22.0% | 11.8% | 22.2% | 15.3% | | | |
| Net income | 1,012.0 | 1,578.0 | -931.0 | 932.0 | 636.0 | 1,164.0 | 654.0 | 260.0 |
| Net margin | 48.5% | 78.7% | -33.0% | 24.1% | 16.4% | 29.4% | 5.0% | 1.9% |
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| Diluted EPS | $4.16 | $6.06 | ($3.32) | $3.07 | $1.99 | $3.45 | $1.93 | $0.72 |
| Shares outstanding (diluted) | 243.3 | 260.2 | 280.3 | 303.4 | 319.9 | 337.5 | 338.3 | 362.7 |
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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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