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 | 5,838 | 5,429 | 5,541 | 7,779 | 7,447 | 7,517 | 7,669 | 7,852 |
| Revenue growth | 7.5% | -2.0% | -28.8% | 4.5% | -0.9% | -2.0% | -2.3% | 8.1% |
| Cost of goods sold | 710 | 632 | 709 | 799 | 759 | 791 | 2,801 | 2,821 |
| Gross profit | 5,128 | 4,797 | 4,832 | 6,980 | 6,688 | 6,726 | 4,868 | 5,031 |
| Gross margin | 87.8% | 88.4% | 87.2% | 89.7% | 89.8% | 89.5% | 63.5% | 64.1% |
| Selling, general and administrative | 1,082 | 1,022 | 949 | 1,094 | 1,008 | 926 | 883 | 923 |
| EBITA | 1,463 | 1,644 | 1,584 | 2,930 | 2,998 | 3,016 | 2,890 | 2,932 |
| EBITA margin | 25.1% | 30.3% | 28.6% | 37.7% | 40.3% | 40.1% | 37.7% | 37.3% |
| Amortization of intangibles | 39 | 58 | 58 | 78 | 97 | 80 | 59 | 65 |
| EBIT | 1,424 | 1,586 | 1,526 | 2,852 | 2,901 | 2,936 | 2,831 | 2,867 |
| EBIT margin | 24.4% | 29.2% | 27.5% | 36.7% | 39.0% | 39.1% | 36.9% | 36.5% |
| Pre-tax income | 521 | 954 | 919 | 2,285 | 1,912 | 2,550 | 2,068 | 2,129 |
| Income taxes | 503 | 314 | 183 | 458 | 784 | 648 | 465 | 692 |
| Tax rate | 96.5% | 32.9% | 19.9% | 20.0% | 41.0% | 25.4% | 22.5% | 32.5% |
| Earnings from continuing ops | 18 | 640 | 736 | 1,827 | 1,128 | 1,902 | 3,206 | 1,437 |
| Earnings from discontinued ops | 0 | 0 | 0 | | | | -921 | 300 |
| Net income | -1,480 | 1,469 | 1,746 | 1,827 | 1,128 | 1,902 | 2,285 | 1,737 |
| Net margin | -25.4% | 27.1% | 31.5% | 23.5% | 15.1% | 25.3% | 29.8% | 22.1% |
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| Diluted EPS | $0.02 | $0.83 | $1.00 | $2.58 | $1.64 | $2.80 | $4.77 | $2.16 |
| Shares outstanding (diluted) | 765 | 769 | 737 | 709 | 687 | 680 | 673 | 666 |
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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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