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 | 11,879 | 11,908 | 10,808 | 10,767 | 10,134 | 9,542 | 9,366 | 9,101 |
| Revenue growth | -0.2% | 10.2% | 0.4% | 6.2% | 6.2% | 1.9% | 2.9% | -6.1% |
| Cost of goods sold | 9,168 | 8,991 | 8,641 | 8,167 | 7,667 | 6,711 | 6,630 | 6,544 |
| Gross profit | 2,711 | 2,917 | 2,167 | 2,600 | 2,467 | 2,831 | 2,736 | 2,557 |
| Gross margin | 22.8% | 24.5% | 20.0% | 24.1% | 24.3% | 29.7% | 29.2% | 28.1% |
| Selling, general and administrative | 1,630 | 1,433 | 1,346 | 1,377 | 1,503 | 1,521 | 1,599 | 2,008 |
| EBIT | 1,193 | 1,597 | 943 | 1,354 | 1,102 | 1,471 | 1,296 | 1,111 |
| EBIT margin | 10.0% | 13.4% | 8.7% | 12.6% | 10.9% | 15.4% | 13.8% | 12.2% |
| Pre-tax income | 1,081 | 1,484 | 821 | 1,223 | 964 | 1,310 | 1,137 | 549 |
| Income taxes | 187 | 282 | 131 | 223 | 151 | 411 | 278 | 70 |
| Tax rate | 17.3% | 19.0% | 16.0% | 18.2% | 15.7% | 31.4% | 24.5% | 12.8% |
| Net income | 894 | 1,202 | 690 | 1,000 | 813 | 899 | 859 | 479 |
| Net margin | 7.5% | 10.1% | 6.4% | 9.3% | 8.0% | 9.4% | 9.2% | 5.3% |
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| Diluted EPS | $3.28 | $4.41 | $2.53 | $3.67 | $2.98 | $3.30 | $3.17 | $1.77 |
| Shares outstanding (diluted) | 273 | 273 | 272 | 273 | 273 | 272 | 271 | 271 |
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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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