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 | 59,427 | 50,971 | 41,748 | 53,800 | 54,722 | 45,462 | 38,537 | 47,011 |
| Revenue growth | 16.6% | 22.1% | -22.4% | -1.7% | 20.4% | 18.0% | -18.0% | -14.8% |
| Cost of goods sold | 51,523 | 35,513 | 29,082 | 36,630 | 36,997 | 31,260 | 28,044 | 33,546 |
| Gross profit | 7,904 | 15,458 | 12,666 | 17,170 | 17,725 | 14,202 | 10,493 | 13,465 |
| Gross margin | 13.3% | 30.3% | 30.3% | 31.9% | 32.4% | 31.2% | 27.2% | 28.6% |
| Selling, general and administrative | 5,651 | 5,365 | 4,642 | 5,162 | 5,478 | 4,999 | 4,383 | 4,951 |
| Research and development | 1,814 | 1,686 | 1,415 | 1,693 | 1,850 | 1,842 | 1,853 | 2,119 |
| EBITA | 8,829 | 7,211 | 4,878 | 8,642 | 8,648 | 4,799 | 2,077 | 4,122 |
| EBITA margin | 14.9% | 14.1% | 11.7% | 16.1% | 15.8% | 10.6% | 5.4% | 8.8% |
| Amortization of intangibles | | 302 | 311 | 324 | 331 | 323 | 326 | 337 |
| EBIT | 8,829 | 6,909 | 4,567 | 8,318 | 8,317 | 4,476 | 1,751 | 3,785 |
| EBIT margin | 14.9% | 13.6% | 10.9% | 15.5% | 15.2% | 9.8% | 4.5% | 8.1% |
| Pre-tax income | 8,752 | 8,204 | 3,995 | 7,812 | 7,822 | 4,082 | 139 | 3,439 |
| Income taxes | 2,067 | 1,742 | 1,006 | 1,746 | 1,698 | 3,339 | 192 | 916 |
| Tax rate | 23.6% | 21.2% | 25.2% | 22.4% | 21.7% | 81.8% | 138.1% | 26.6% |
| Net income | 0 | 6,489 | 2,998 | 6,093 | 6,147 | 754 | -67 | 2,512 |
| Net margin | 0.0% | 12.7% | 7.2% | 11.3% | 11.2% | 1.7% | -0.2% | 5.3% |
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| Diluted EPS | | $11.83 | $5.46 | $10.74 | $10.26 | $1.26 | ($0.11) | $4.18 |
| Shares outstanding (diluted) | | 549 | 549 | 568 | 599 | 599 | 584 | 601 |
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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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