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 | 28,091.0 | 22,929.0 | 23,601.0 | 32,917.0 | 32,815.0 | 30,440.0 | 27,810.0 | 35,475.0 |
| Revenue growth | 22.5% | -2.8% | -28.3% | 0.3% | 7.8% | 9.5% | -21.6% | -27.0% |
| Cost of goods sold | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 28,321.0 |
| Gross profit | 28,091.0 | 22,929.0 | 23,601.0 | 32,917.0 | 32,815.0 | 30,440.0 | 27,810.0 | 7,154.0 |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 20.2% |
| Research and development | 634.0 | 554.0 | 580.0 | 717.0 | 702.0 | 787.0 | 1,012.0 | 1,094.0 |
| General and administrative | 376.0 | 339.0 | 365.0 | 474.0 | 444.0 | 432.0 | 403.0 | 494.0 |
| EBITA | 5,073.0 | 3,092.0 | -10,364.0 | -8,944.0 | 4,087.0 | 354.0 | 180.0 | 3,581.0 |
| EBITA margin | 18.1% | 13.5% | -43.9% | -27.2% | 12.5% | 1.2% | 0.6% | 10.1% |
| Amortization of intangibles | 301.0 | 302.0 | 371.0 | 618.0 | 673.0 | 663.0 | 567.0 | 354.0 |
| EBIT | 4,772.0 | 2,790.0 | -10,735.0 | -9,562.0 | 3,414.0 | -309.0 | -387.0 | 3,227.0 |
| EBIT margin | 17.0% | 12.2% | -45.5% | -29.0% | 10.4% | -1.0% | -1.4% | 9.1% |
| Pre-tax income | 4,271.0 | 2,374.0 | -11,298.0 | -10,418.0 | 2,624.0 | -1,183.0 | -1,905.0 | 2,881.0 |
| Income taxes | 779.0 | 446.0 | -812.0 | -311.0 | 447.0 | 330.0 | -278.0 | 746.0 |
| Tax rate | 18.2% | 18.8% | 7.2% | 3.0% | 17.0% | | 14.6% | 25.9% |
| Net income | 3,441.0 | 1,881.0 | -10,518.0 | -10,137.0 | 2,138.0 | -1,505.0 | -1,687.0 | 2,072.0 |
| Net margin | 12.2% | 8.2% | -44.6% | -30.8% | 6.5% | -4.9% | -6.1% | 5.8% |
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| Diluted EPS | $2.39 | $1.32 | ($7.57) | ($7.32) | $1.53 | ($1.08) | ($1.24) | $1.63 |
| Shares outstanding (diluted) | 1,437.0 | 1,427.0 | 1,390.0 | 1,385.0 | 1,393.0 | 1,388.0 | 1,357.0 | 1,275.0 |
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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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