Financial Summary (All financials)
| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 |
| Revenues | 6,174.0 | 6,304.0 | 6,532.0 | 7,777.0 |
| Revenue growth | -2.1% | -3.5% | -16.0% | |
| Cost of goods sold | 2,294.0 | 2,382.0 | 2,119.0 | 2,274.0 |
| Gross profit | 3,880.0 | 3,922.0 | 4,413.0 | 5,503.0 |
| Gross margin | 62.8% | 62.2% | 67.6% | 70.8% |
| Selling, general and administrative | 1,704.0 | 1,668.0 | 1,356.0 | 1,443.0 |
| Research and development | 471.0 | 339.0 | 210.0 | 220.0 |
| EBITA | 1,821.0 | 2,018.0 | 2,951.0 | 4,058.0 |
| EBITA margin | 29.5% | 32.0% | 45.2% | 52.2% |
| Amortization of intangibles | 116.0 | 103.0 | 86.0 | 284.0 |
| EBIT | 1,705.0 | 1,915.0 | 2,865.0 | 3,774.0 |
| EBIT margin | 27.6% | 30.4% | 43.9% | 48.5% |
| Pre-tax income | 1,122.0 | 1,529.0 | 2,752.0 | 3,696.0 |
| Income taxes | 205.0 | 178.0 | 496.0 | 390.0 |
| Tax rate | 18.3% | 11.6% | 18.0% | 10.6% |
| Earnings from continuing ops | 917.0 | 1,351.0 | 2,256.0 | 3,306.0 |
| Earnings from discontinued ops | | | 0.0 | 0.0 |
| Net income | 917.0 | 1,351.0 | 2,160.0 | 3,218.0 |
| Net margin | 14.9% | 21.4% | 33.1% | 41.4% |
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| Diluted EPS | $3.59 | $5.31 | $8.90 | $13.04 |
| Shares outstanding (diluted) | 255.2 | 254.2 | 253.5 | 253.5 |
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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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