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 | 8,473 | 7,142 | 8,503 | 6,554 | 8,965 | 6,842 | 3,018 | 8,891 |
| Revenue growth | 18.6% | -16.0% | 29.7% | -26.9% | 31.0% | 126.7% | -66.1% | -5.9% |
| Cost of goods sold | 351 | 385 | 346 | 333 | 289 | 287 | 400 | 455 |
| Gross profit | 8,122 | 6,757 | 8,157 | 6,221 | 8,676 | 6,555 | 2,618 | 8,436 |
| Gross margin | 95.9% | 94.6% | 95.9% | 94.9% | 96.8% | 95.8% | 86.7% | 94.9% |
| Selling, general and administrative | | | | | | | | |
| General and administrative | 188 | 84 | 125 | 145 | 145 | 158 | 635 | 413 |
| EBITA | -4 | -41 | -1,164 | -823 | 1,188 | -442 | -4,426 | 1,341 |
| EBITA margin | 0.0% | -0.6% | -13.7% | -12.6% | 13.3% | -6.5% | -146.7% | 15.1% |
| Amortization of intangibles | | | | | | 15 | 16 | 19 |
| EBIT | -4 | -41 | -1,164 | -823 | 1,188 | -457 | -4,442 | 1,322 |
| EBIT margin | 0.0% | -0.6% | -13.7% | -12.6% | 13.3% | -6.7% | -147.2% | 14.9% |
| Pre-tax income | -172 | -208 | -1,419 | -1,052 | 989 | -615 | -4,705 | 1,462 |
| Income taxes | -182 | -105 | -363 | -317 | 119 | -237 | -1,766 | 343 |
| Tax rate | 105.8% | 50.5% | 25.6% | 30.1% | 12.0% | 38.5% | 37.5% | 23.5% |
| Net income | -99 | -197 | -1,105 | -761 | 865 | -378 | -2,939 | 1,119 |
| Net margin | -1.2% | -2.8% | -13.0% | -11.6% | 9.6% | -5.5% | -97.4% | 12.6% |
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| Diluted EPS | ($1.36) | ($2.35) | ($11.59) | ($6.76) | $7.22 | ($3.16) | ($24.54) | |
| Shares outstanding (diluted) | 73 | 84 | 95 | 113 | 120 | 120 | 120 | |
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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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