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 | 8,793.0 | 7,075.0 | 6,238.0 | 6,403.0 | 6,502.0 | 6,583.0 | 6,399.0 | 6,456.0 |
| Revenue growth | 24.3% | 13.4% | -2.6% | -1.5% | -1.2% | 2.9% | -0.9% | -10.1% |
| Cost of goods sold | 7,372.0 | 593.0 | 375.0 | 493.0 | 1,945.0 | 1,741.0 | 1,747.0 | 1,816.0 |
| Gross profit | 1,421.0 | 6,482.0 | 5,863.0 | 5,910.0 | 4,557.0 | 4,842.0 | 4,652.0 | 4,640.0 |
| Gross margin | 16.2% | 91.6% | 94.0% | 92.3% | 70.1% | 73.6% | 72.7% | 71.9% |
| Selling, general and administrative | 0.0 | 5,590.0 | 4,813.0 | 5,016.0 | | | | |
| General and administrative | 0.0 | | | | 303.0 | 284.0 | 281.0 | 262.0 |
| EBIT | 1,224.0 | 753.0 | 794.0 | 709.0 | 1,171.0 | 1,353.0 | 1,269.0 | 1,192.0 |
| EBIT margin | 13.9% | 10.6% | 12.7% | 11.1% | 18.0% | 20.6% | 19.8% | 18.5% |
| Pre-tax income | 902.0 | 823.0 | 809.0 | 764.0 | 774.0 | 886.0 | 826.0 | 796.0 |
| Income taxes | 93.0 | 95.0 | 115.0 | 131.0 | 115.0 | 424.0 | 273.0 | 271.0 |
| Tax rate | 10.3% | 11.5% | 14.2% | 17.1% | 14.9% | 47.9% | 33.1% | 34.0% |
| Earnings from continuing ops | 823.0 | 746.0 | 697.0 | 631.0 | 657.0 | 460.0 | 551.0 | 523.0 |
| Earnings from discontinued ops | 4.0 | 602.0 | 58.0 | 49.0 | | | | |
| Net income | 827.0 | 1,353.0 | 755.0 | 680.0 | 657.0 | 460.0 | 551.0 | 523.0 |
| Net margin | 9.4% | 19.1% | 12.1% | 10.6% | 10.1% | 7.0% | 8.6% | 8.1% |
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| Diluted EPS | | $2.58 | $2.43 | $2.22 | $2.32 | $1.64 | $1.98 | $1.89 |
| Shares outstanding (diluted) | | 289.5 | 286.3 | 284.3 | 282.9 | 280.8 | 278.9 | 276.5 |
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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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