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-31-14 |
| Revenues | 57,350.0 | 55,179.0 | 57,714.0 | 79,591.0 | 79,139.0 | 79,919.0 | 81,741.0 | 92,793.0 |
| Revenue growth | 3.9% | -4.4% | -27.5% | 0.6% | -1.0% | -2.2% | -11.9% | -5.7% |
| Cost of goods sold | 25,865.0 | 24,314.0 | 26,181.0 | 42,655.0 | 42,196.0 | 41,403.0 | 41,057.0 | 46,386.0 |
| Gross profit | 31,485.0 | 30,865.0 | 31,533.0 | 36,936.0 | 36,943.0 | 38,516.0 | 40,684.0 | 46,407.0 |
| Gross margin | 54.9% | 55.9% | 54.6% | 46.4% | 46.7% | 48.2% | 49.8% | 50.0% |
| Selling, general and administrative | 18,745.0 | 20,561.0 | 18,724.0 | 19,366.0 | 19,680.0 | 20,869.0 | 20,430.0 | 23,180.0 |
| Research and development | 6,488.0 | 6,262.0 | 5,910.0 | 5,379.0 | 5,590.0 | 5,726.0 | 5,247.0 | 5,437.0 |
| EBITA | 8,521.0 | 6,328.0 | 10,400.0 | 13,418.0 | 13,535.0 | 14,504.0 | 17,606.0 | 21,817.0 |
| EBITA margin | 14.9% | 11.5% | 18.0% | 16.9% | 17.1% | 18.1% | 21.5% | 23.5% |
| Amortization of intangibles | 2,529.0 | 2,468.0 | 1,850.0 | 1,353.0 | 1,520.0 | 1,544.0 | 1,193.0 | 1,347.0 |
| EBIT | 5,992.0 | 3,860.0 | 8,550.0 | 12,065.0 | 12,015.0 | 12,960.0 | 16,413.0 | 20,470.0 |
| EBIT margin | 10.4% | 7.0% | 14.8% | 15.2% | 15.2% | 16.2% | 20.1% | 22.1% |
| Pre-tax income | 4,837.0 | 2,572.0 | 7,206.0 | 11,342.0 | 11,400.0 | 12,330.0 | 15,945.0 | 19,986.0 |
| Income taxes | 124.0 | -1,360.0 | 60.0 | 2,619.0 | 5,642.0 | 449.0 | 2,581.0 | 4,234.0 |
| Tax rate | 2.6% | | 0.8% | 23.1% | 49.5% | 3.6% | 16.2% | 21.2% |
| Earnings from continuing ops | 4,712.0 | 3,932.0 | 7,146.0 | 8,723.0 | 5,758.0 | 11,881.0 | 13,364.0 | 31,502.0 |
| Earnings from discontinued ops | | | | | | | | -3,729.0 |
| Net income | 5,743.0 | 5,590.0 | 9,431.0 | 8,728.0 | 5,753.0 | 11,872.0 | 13,190.0 | 27,773.0 |
| Net margin | 10.0% | 10.1% | 16.3% | 11.0% | 7.3% | 14.9% | 16.1% | 29.9% |
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| Diluted EPS | $5.21 | $4.39 | $8.00 | $9.52 | $6.14 | $12.39 | $13.60 | $31.19 |
| Shares outstanding (diluted) | 904.6 | 896.6 | 892.8 | 916.3 | 937.4 | 958.7 | 982.7 | 1,010.0 |
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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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