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 | 7,832.0 | 8,284.0 | 7,705.0 | 7,901.0 | 7,513.0 | 8,369.0 | 8,548.0 | 8,729.0 |
| Revenue growth | -5.5% | 7.5% | -2.5% | 5.2% | -10.2% | -2.1% | -2.1% | 1.2% |
| Cost of goods sold | 5,428.0 | 6,421.0 | 6,275.0 | 6,821.0 | 6,429.0 | 6,776.0 | 7,254.0 | 8,041.0 |
| Gross profit | 2,404.0 | 1,863.0 | 1,430.0 | 1,080.0 | 1,084.0 | 1,593.0 | 1,294.0 | 688.0 |
| Gross margin | 30.7% | 22.5% | 18.6% | 13.7% | 14.4% | 19.0% | 15.1% | 7.9% |
| Selling, general and administrative | 1,223.0 | 935.0 | 909.0 | 943.0 | 957.0 | 1,273.0 | 1,309.0 | 1,138.0 |
| EBITA | 1,260.0 | 1,231.0 | 858.0 | 543.0 | 641.0 | 680.0 | 529.0 | 104.0 |
| EBITA margin | 16.1% | 14.9% | 11.1% | 6.9% | 8.5% | 8.1% | 6.2% | 1.2% |
| Amortization of intangibles | 30.0 | 26.0 | 44.0 | 72.0 | 91.0 | 17.0 | 64.0 | |
| EBIT | 1,230.0 | 1,205.0 | 814.0 | 471.0 | 550.0 | 663.0 | 465.0 | 104.0 |
| EBIT margin | 15.7% | 14.5% | 10.6% | 6.0% | 7.3% | 7.9% | 5.4% | 1.2% |
| Pre-tax income | 1,181.0 | 928.0 | 521.0 | 137.0 | 127.0 | 320.0 | -15.0 | -1,299.0 |
| Income taxes | 263.0 | 230.0 | 139.0 | 70.0 | -406.0 | 358.0 | -9.0 | -94.0 |
| Tax rate | 22.3% | 24.8% | 26.7% | 51.1% | | 111.9% | 60.0% | 7.2% |
| Earnings from continuing ops | 918.0 | 1,396.0 | 382.0 | 67.0 | 533.0 | -248.0 | -208.0 | -2,606.0 |
| Earnings from discontinued ops | 27.0 | -486.0 | 148.0 | 230.0 | 394.0 | -29.0 | -407.0 | 157.0 |
| Net income | 945.0 | 910.0 | 530.0 | 297.0 | 927.0 | -277.0 | -615.0 | -2,449.0 |
| Net margin | 12.1% | 11.0% | 6.9% | 3.8% | 12.3% | -3.3% | -7.2% | -28.1% |
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| Diluted EPS | $1.78 | $2.73 | $0.75 | $0.13 | $1.06 | ($0.50) | ($0.42) | ($5.25) |
| Shares outstanding (diluted) | 514.7 | 511.6 | 509.7 | 500.4 | 501.4 | 498.3 | 497.4 | 496.4 |
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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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