Financial Summary (All financials)
| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| Revenues | 19,211.0 | 16,901.0 | 16,839.0 | 15,782.0 | 15,888.0 | 14,729.0 | 14,970.0 | 15,102.0 |
| Revenue growth | 13.7% | 0.4% | 6.7% | -0.7% | 7.9% | -1.6% | -0.9% | -1.7% |
| Cost of goods sold | 8,081.0 | 6,499.0 | 6,481.0 | 6,289.0 | 6,136.0 | 5,734.0 | 5,673.0 | 5,444.0 |
| Gross profit | 11,130.0 | 10,402.0 | 10,358.0 | 9,493.0 | 9,752.0 | 8,995.0 | 9,297.0 | 9,658.0 |
| Gross margin | 57.9% | 61.5% | 61.5% | 60.2% | 61.4% | 61.1% | 62.1% | 64.0% |
| Selling, general and administrative | 1,730.0 | 1,412.0 | 1,511.0 | 1,388.0 | 1,309.0 | 1,221.0 | 1,174.0 | |
| Sales and marketing | 319.0 | 236.0 | 301.0 | 285.0 | 244.0 | 247.0 | 249.0 | 253.0 |
| EBIT | 9,400.0 | 8,990.0 | 8,847.0 | 8,105.0 | 8,443.0 | 7,774.0 | 8,123.0 | 8,546.0 |
| EBIT margin | 48.9% | 53.2% | 52.5% | 51.4% | 53.1% | 52.8% | 54.3% | 56.6% |
| Pre-tax income | 6,988.0 | 3,429.0 | 5,492.0 | 5,486.0 | 5,490.0 | 5,253.0 | 5,507.0 | 5,614.0 |
| Income taxes | 1,263.0 | 426.0 | 901.0 | 928.0 | 102.0 | 1,268.0 | 1,364.0 | 1,407.0 |
| Tax rate | 18.1% | 12.4% | 16.4% | 16.9% | 1.9% | 24.1% | 24.8% | 25.1% |
| Net income | 5,436.0 | 7,284.0 | 5,129.0 | 5,061.0 | 5,076.0 | 3,688.0 | 3,881.0 | 3,947.0 |
| Net margin | 28.3% | 43.1% | 30.5% | 32.1% | 31.9% | 25.0% | 25.9% | 26.1% |
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| Diluted EPS | $12.76 | $17.06 | $11.45 | $10.77 | $10.44 | $7.38 | $7.45 | $7.35 |
| Shares outstanding (diluted) | 426.0 | 427.0 | 448.0 | 470.0 | 486.0 | 500.0 | 521.0 | 537.0 |
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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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