Overview Financials News + Filings Key Docs Charts Ownership Insiders
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| 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 |
| | 8-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| China | | 10,000 | 8,000 | 7,200 | 7,000 | 6,600 | | |
| Other | | 8,344 | 6,461 | 7,183 | 8,784 | 8,361 | | |
| Total revenues | 20,028 | 18,344 | 14,461 | 14,383 | 15,784 | 14,961 | 13,370 | 13,000 |
| Revenue growth [+] | 9.2% | 26.9% | 0.5% | -8.9% | 5.5% | 11.9% | 2.8% | -0.3% |
| China | | 25.0% | 11.1% | 2.9% | 6.1% | | | |
| Cost of goods sold | 6,257 | 5,968 | 5,192 | 5,219 | 5,507 | 5,347 | 5,113 | 5,425 |
| Gross profit | 13,771 | 12,376 | 9,269 | 9,164 | 10,277 | 9,614 | 8,257 | 7,575 |
| Gross margin | 68.8% | 67.5% | 64.1% | 63.7% | 65.1% | 64.3% | 61.8% | 58.3% |
| Selling, general and administrative | 1,704 | 1,666 | 1,623 | 1,645 | 1,684 | 1,694 | 2,088 | 2,037 |
| Research and development | 1,670 | 1,554 | 1,530 | 1,544 | 1,559 | 1,508 | 1,356 | 1,267 |
| Other operating expenses | 257 | | | | 3 | 11 | -361 | -378 |
| EBITDA [+] | 11,065 | 9,911 | 6,849 | 6,683 | 7,939 | 7,258 | 6,098 | 5,734 |
| EBITDA growth | 11.6% | 44.7% | 2.5% | -15.8% | 9.4% | 19.0% | 6.3% | 5.2% |
| EBITDA margin | 55.2% | 54.0% | 47.4% | 46.5% | 50.3% | 48.5% | 45.6% | 44.1% |
| Depreciation | 925 | 755 | 733 | 708 | 590 | 539 | 605 | 766 |
| EBITA | 10,140 | 9,156 | 6,116 | 5,975 | 7,349 | 6,719 | 5,493 | 4,968 |
| EBITA margin | 50.6% | 49.9% | 42.3% | 41.5% | 46.6% | 44.9% | 41.1% | 38.2% |
| Amortization of intangibles | | 142 | 198 | 288 | 318 | 318 | 319 | 319 |
| EBIT [+] | 10,140 | 9,014 | 5,918 | 5,687 | 7,031 | 6,401 | 5,174 | 4,649 |
| EBIT growth | 12.5% | 52.3% | 4.1% | -19.1% | 9.8% | 23.7% | 11.3% | 8.7% |
| EBIT margin | 50.6% | 49.1% | 40.9% | 39.5% | 44.5% | 42.8% | 38.7% | 35.8% |
| Non-recurring items [+] | | 54 | 24 | -36 | 318 | 318 | 319 | 327 |
| Restructuring charges | | 54 | 24 | -36 | 318 | 318 | 319 | 329 |
| Interest expense | 214 | 184 | 190 | 170 | 125 | 78 | 80 | 90 |
| Interest expense | 214 | 184 | 190 | 170 | 125 | 78 | 80 | 90 |
| Other income (expense), net [+] | 106 | 143 | 313 | 175 | 98 | 75 | 155 | -16 |
| Gain (loss) on sale of assets | | | | | | 6 | | |
| Pre-tax income | 10,032 | 8,919 | 6,017 | 5,728 | 6,686 | 6,080 | 4,930 | 4,216 |
| Income taxes | 1,283 | 1,150 | 422 | 711 | 1,106 | 2,398 | 1,335 | 1,230 |
| Tax rate | 12.8% | 12.9% | 7.0% | 12.4% | 16.5% | 39.4% | 27.1% | 29.2% |
| Earnings from continuing ops | 8,749 | 7,736 | 5,568 | 4,986 | 5,538 | 3,649 | 3,551 | 2,944 |
| Earnings from discontinued ops | 8,749 | | | | | | | |
| Net income | 8,749 | 7,736 | 5,568 | 4,986 | 5,538 | 3,649 | 3,551 | 2,944 |
| Net margin | 43.7% | 42.2% | 38.5% | 34.7% | 35.1% | 24.4% | 26.6% | 22.6% |
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| Basic EPS [+] | $9.55 | $8.38 | $6.05 | $5.33 | $5.71 | $3.68 | $3.54 | $2.86 |
| Growth | 14.0% | 38.6% | 13.5% | -6.7% | 55.1% | 4.0% | 23.9% | 9.6% |
| Diluted EPS [+] | $9.45 | $8.26 | $5.97 | $5.24 | $5.59 | $3.61 | $3.48 | $2.82 |
| Growth | 14.3% | 38.5% | 13.9% | -6.4% | 55.1% | 3.7% | 23.2% | 9.7% |
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| Dividends per share [+] | $4,690,000.00 | $4.21 | $3.72 | $3.21 | $2.63 | $2.12 | $1.64 | $1.40 |
| Growth | 111401325.2% | 13.2% | 15.9% | 22.1% | 24.1% | 29.3% | 17.1% | 12.9% |
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| Shares outstanding (basic) [+] | 916 | 923 | 921 | 936 | 970 | 991 | 1,003 | 1,030 |
| Growth | -0.8% | 0.2% | -1.6% | -3.5% | -2.1% | -1.2% | -2.6% | -3.3% |
| Shares outstanding (diluted) [+] | 926 | 936 | 933 | 952 | 990 | 1,012 | 1,021 | 1,043 |
| Growth | -1.1% | 0.3% | -2.0% | -3.8% | -2.2% | -0.9% | -2.1% | -3.4% |
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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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