Financial Summary (All financials)
| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-27-14 |
| Revenues | 6,584 | 5,652 | 5,597 | 5,688 | 5,878 | 6,356 | 6,418 | 6,587 |
| Revenue growth | 16.5% | 1.0% | -1.6% | -3.2% | -7.5% | -1.0% | -2.6% | -49.7% |
| Cost of goods sold | 1,725 | 1,506 | 1,235 | 1,634 | 2,954 | 3,489 | 3,867 | 4,029 |
| Gross profit | 4,859 | 4,146 | 4,362 | 4,054 | 2,924 | 2,867 | 2,551 | 2,558 |
| Gross margin | 73.8% | 73.4% | 77.9% | 71.3% | 49.7% | 45.1% | 39.7% | 38.8% |
| Sales and marketing | 117 | 145 | 180 | 188 | 237 | | | |
| General and administrative | 1,060 | 1,064 | 917 | 895 | 999 | 1,129 | 1,058 | 1,028 |
| EBITA | 2,180 | 1,532 | 1,945 | 1,793 | 2,797 | 1,565 | 1,486 | 1,532 |
| EBITA margin | 33.1% | 27.1% | 34.8% | 31.5% | 47.6% | 24.6% | 23.2% | 23.3% |
| Amortization of intangibles | 76 | 63 | 52 | 37 | 33 | 31 | 13 | 13 |
| EBIT | 2,104 | 1,469 | 1,893 | 1,756 | 2,764 | 1,534 | 1,473 | 1,519 |
| EBIT margin | 32.0% | 26.0% | 33.8% | 30.9% | 47.0% | 24.1% | 23.0% | 23.1% |
| Pre-tax income | 1,674 | 1,020 | 1,373 | 1,839 | 2,274 | 1,345 | 1,253 | 1,374 |
| Income taxes | 99 | 116 | 79 | 297 | 934 | 327 | 327 | 368 |
| Tax rate | 5.9% | 11.4% | 5.8% | 16.2% | 41.1% | 24.3% | 26.1% | 26.8% |
| Net income | 1,674 | 1,020 | 1,373 | 1,839 | 2,274 | 1,018 | 926 | 1,051 |
| Net margin | 25.4% | 18.0% | 24.5% | 32.3% | 38.7% | 16.0% | 14.4% | 16.0% |
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| Diluted EPS | $5.54 | $3.32 | $4.39 | $5.59 | $6.41 | $2.54 | $2.09 | $2.22 |
| Shares outstanding (diluted) | 302 | 307 | 313 | 329 | 355 | 401 | 443 | 453 |
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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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