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 | 9,636.0 | 9,168.0 | 8,244.0 | 6,547.0 | 6,276.0 | 5,843.0 | 5,971.0 | 4,682.0 |
| Revenue growth | 5.1% | 11.2% | 25.9% | 4.3% | 7.4% | -2.1% | 27.5% | 7.6% |
| Cost of goods sold | 1,538.0 | 1,546.0 | 1,269.0 | 1,110.0 | 1,062.0 | 1,015.0 | 1,023.0 | 668.0 |
| Gross profit | 8,098.0 | 7,622.0 | 6,975.0 | 5,437.0 | 5,214.0 | 4,828.0 | 4,948.0 | 4,014.0 |
| Gross margin | 84.0% | 83.1% | 84.6% | 83.0% | 83.1% | 82.6% | 82.9% | 85.7% |
| Selling, general and administrative | 992.0 | 374.0 | 329.0 | 286.0 | 282.0 | 276.0 | 253.0 | 255.0 |
| Research and development | | 666.0 | 549.0 | 469.0 | 432.0 | 397.0 | 374.0 | 203.0 |
| General and administrative | 683.0 | 159.0 | 144.0 | 125.0 | 131.0 | 121.0 | 137.0 | 139.0 |
| EBITA | 3,638.0 | 4,173.0 | 3,526.0 | 2,675.0 | 2,617.0 | 2,415.0 | 2,252.0 | 1,998.0 |
| EBITA margin | 37.8% | 45.5% | 42.8% | 40.9% | 41.7% | 41.3% | 37.7% | 42.7% |
| Amortization of intangibles | | 622.0 | 388.0 | | | | | 160.0 |
| EBIT | 3,638.0 | 3,551.0 | 3,138.0 | 2,675.0 | 2,617.0 | 2,415.0 | 2,252.0 | 1,838.0 |
| EBIT margin | 37.8% | 38.7% | 38.1% | 40.9% | 41.7% | 41.3% | 37.7% | 39.3% |
| Pre-tax income | 1,808.0 | 5,698.0 | 2,766.0 | 2,481.0 | 2,520.0 | 2,526.0 | 2,043.0 | 1,653.0 |
| Income taxes | 310.0 | 1,629.0 | 658.0 | 521.0 | 500.0 | -28.0 | 586.0 | 358.0 |
| Tax rate | 17.1% | 28.6% | 23.8% | 21.0% | 19.8% | | 28.7% | 21.7% |
| Net income | 1,498.0 | 4,058.0 | 2,089.0 | 1,933.0 | 1,988.0 | 2,526.0 | 1,457.0 | 1,295.0 |
| Net margin | 15.5% | 44.3% | 25.3% | 29.5% | 31.7% | 43.2% | 24.4% | 27.7% |
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| Diluted EPS | $2.67 | $7.18 | $3.76 | $3.42 | $3.43 | $4.25 | $2.43 | $2.32 |
| Shares outstanding (diluted) | 561.0 | 565.0 | 555.0 | 565.0 | 579.0 | 594.0 | 599.0 | 559.0 |
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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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