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 | 101,556.0 | 85,249.0 | 64,355.0 | 64,656.0 | 64,341.0 | 60,828.0 | 62,346.0 | 67,702.0 |
| Revenue growth | 19.1% | 32.5% | -0.5% | 0.5% | 5.8% | -2.4% | -7.9% | -16.6% |
| Cost of goods sold | 281,958.0 | 237,786.0 | 179,706.0 | 181,527.0 | 180,480.0 | 171,930.0 | 58,728.0 | 63,736.0 |
| Gross profit | -180,402.0 | -152,537.0 | -115,351.0 | -116,871.0 | -116,139.0 | -111,102.0 | 3,618.0 | 3,966.0 |
| Gross margin | -177.6% | -178.9% | -179.2% | -180.8% | -180.5% | -182.6% | 5.8% | 5.9% |
| Selling, general and administrative | 3,358.0 | 2,994.0 | 2,687.0 | 2,493.0 | 2,165.0 | 1,978.0 | 1,981.0 | 1,985.0 |
| EBITA | 7,756.0 | 5,668.0 | 1,700.0 | 2,661.0 | 2,987.0 | 2,330.0 | 2,226.0 | 2,588.0 |
| EBITA margin | 7.6% | 6.6% | 2.6% | 4.1% | 4.6% | 3.8% | 3.6% | 3.8% |
| Amortization of intangibles | 235.0 | 177.0 | 173.0 | 165.0 | 129.0 | 122.0 | 113.0 | 75.0 |
| EBIT | 7,521.0 | 5,491.0 | 1,527.0 | 2,496.0 | 2,858.0 | 2,208.0 | 2,113.0 | 2,513.0 |
| EBIT margin | 7.4% | 6.4% | 2.4% | 3.9% | 4.4% | 3.6% | 3.4% | 3.7% |
| Pre-tax income | 5,233.0 | 3,313.0 | 1,883.0 | 1,588.0 | 2,060.0 | 1,609.0 | 1,822.0 | 2,284.0 |
| Income taxes | 868.0 | 578.0 | 101.0 | 209.0 | 245.0 | 7.0 | 534.0 | 438.0 |
| Tax rate | 16.6% | 17.4% | 5.4% | 13.2% | 11.9% | 0.4% | 29.3% | 19.2% |
| Net income | 4,340.0 | 2,709.0 | 1,772.0 | 1,379.0 | 1,810.0 | 1,595.0 | 1,279.0 | 1,849.0 |
| Net margin | 4.3% | 3.2% | 2.8% | 2.1% | 2.8% | 2.6% | 2.1% | 2.7% |
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| Diluted EPS | $7.71 | $4.79 | $3.14 | $2.44 | $3.19 | $2.79 | $2.16 | $2.98 |
| Shares outstanding (diluted) | 563.0 | 566.0 | 565.0 | 565.0 | 567.0 | 572.0 | 591.0 | 621.0 |
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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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