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 | 5,663.0 | 4,972.0 | 5,259.0 | 7,098.0 | 6,778.0 | 12,960.0 | 12,394.0 | 12,413.0 |
| Revenue growth | 13.9% | -5.5% | -25.9% | 4.7% | -47.7% | 4.6% | -0.2% | -1.0% |
| Cost of goods sold | 4,103.0 | 3,596.0 | 3,878.0 | 5,214.0 | 5,114.0 | 10,221.0 | 9,696.0 | 10,104.0 |
| Gross profit | 1,560.0 | 1,376.0 | 1,381.0 | 1,884.0 | 1,664.0 | 2,739.0 | 2,698.0 | 2,309.0 |
| Gross margin | 27.5% | 27.7% | 26.3% | 26.5% | 24.6% | 21.1% | 21.8% | 18.6% |
| Selling, general and administrative | 288.0 | 251.0 | 277.0 | 400.0 | 371.0 | 715.0 | 924.0 | 765.0 |
| Research and development | 32.0 | 17.0 | 17.0 | 28.0 | 41.0 | 109.0 | 130.0 | 169.0 |
| EBIT | 975.0 | 838.0 | 808.0 | 1,161.0 | 938.0 | 1,364.0 | 1,109.0 | 867.0 |
| EBIT margin | 17.2% | 16.9% | 15.4% | 16.4% | 13.8% | 10.5% | 8.9% | 7.0% |
| Pre-tax income | 606.0 | 324.0 | 171.0 | 210.0 | 428.0 | 470.0 | 414.0 | 183.0 |
| Income taxes | 137.0 | 66.0 | -40.0 | 84.0 | 119.0 | 544.0 | 1,476.0 | 339.0 |
| Tax rate | 22.6% | 20.4% | | 40.0% | 27.8% | 115.7% | 356.5% | 185.2% |
| Earnings from continuing ops | 467.0 | 256.0 | 259.0 | 477.0 | 651.0 | -127.0 | -1,194.0 | -350.0 |
| Earnings from discontinued ops | | | | | | | 184.0 | -41.0 |
| Net income | 467.0 | 256.0 | 259.0 | 477.0 | 651.0 | -127.0 | -1,010.0 | -391.0 |
| Net margin | 8.2% | 5.1% | 4.9% | 6.7% | 9.6% | -1.0% | -8.1% | -3.1% |
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| Diluted EPS | $1.11 | $0.59 | $0.59 | $1.03 | $1.29 | ($0.28) | ($2.73) | ($0.83) |
| Shares outstanding (diluted) | 421.0 | 435.0 | 439.0 | 463.0 | 503.0 | 451.0 | 438.0 | 420.0 |
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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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