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 | 12,451 | 12,152 | 9,286 | 10,433 | 13,403 | 11,652 | 0 | 11,199 |
| Revenue growth | 2.5% | 30.9% | -11.0% | -22.2% | 15.0% | | -100.0% | -14.8% |
| Cost of goods sold | 0 | 0 | 0 | 0 | 0 | 0 | 7,877 | 9,039 |
| Gross profit | 12,451 | 12,152 | 9,286 | 10,433 | 13,403 | 11,652 | -7,877 | 2,160 |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | | 19.3% |
| Selling, general and administrative | 204 | 227 | 206 | 280 | 248 | 280 | 356 | 353 |
| Research and development | 32 | 31 | 27 | 27 | 31 | 32 | 33 | 69 |
| EBITA | 1,393 | 2,088 | 431 | 895 | 2,338 | 1,652 | 380 | 1,012 |
| EBITA margin | 11.2% | 17.2% | 4.6% | 8.6% | 17.4% | 14.2% | | 9.0% |
| Amortization of intangibles | 7 | 11 | | 19 | | 12 | 7 | 10 |
| EBIT | 1,386 | 2,077 | 431 | 876 | 2,338 | 1,640 | 373 | 1,002 |
| EBIT margin | 11.1% | 17.1% | 4.6% | 8.4% | 17.4% | 14.1% | | 8.9% |
| Pre-tax income | 702 | 1,199 | 173 | -438 | 1,625 | 1,200 | -162 | -337 |
| Income taxes | 664 | 629 | 187 | 415 | 732 | 592 | 184 | 402 |
| Tax rate | 94.6% | 52.5% | 108.1% | | 45.0% | 49.3% | | |
| Net income | -123 | 429 | -170 | -1,125 | 250 | 279 | -400 | -863 |
| Net margin | -1.0% | 3.5% | -1.8% | -10.8% | 1.9% | 2.4% | | -7.7% |
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| Diluted EPS | ($0.68) | $2.26 | ($0.91) | ($6.08) | $1.32 | $1.49 | ($2.19) | ($4.73) |
| Shares outstanding (diluted) | 181 | 190 | 186 | 185 | 189 | 187 | 183 | 182 |
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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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