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 | 13,964.0 | 14,172.0 | 14,401.0 | 11,199.0 | 12,586.0 | 11,737.0 | 11,683.0 | 12,436.0 |
| Revenue growth | -1.5% | -1.6% | 28.6% | -11.0% | 7.2% | 0.5% | -6.1% | -5.2% |
| Cost of goods sold | 3,734.0 | 3,685.0 | 3,790.0 | 2,786.0 | 3,200.0 | 3,279.0 | 2,595.0 | 2,765.0 |
| Gross profit | 10,230.0 | 10,487.0 | 10,611.0 | 8,413.0 | 9,386.0 | 8,458.0 | 9,088.0 | 9,671.0 |
| Gross margin | 73.3% | 74.0% | 73.7% | 75.1% | 74.6% | 72.1% | 77.8% | 77.8% |
| Selling, general and administrative | | | | | | | | |
| General and administrative | 909.0 | 871.0 | 883.0 | 580.0 | 668.0 | 596.0 | 551.0 | 542.0 |
| EBIT | 3,598.0 | 4,139.0 | 2,920.0 | 2,760.0 | 3,787.0 | 3,523.0 | 3,592.0 | 2,675.0 |
| EBIT margin | 25.8% | 29.2% | 20.3% | 24.6% | 30.1% | 30.0% | 30.7% | 21.5% |
| Pre-tax income | 3,098.0 | 1,411.0 | 869.0 | 2,619.0 | 3,090.0 | 2,867.0 | 2,828.0 | 1,778.0 |
| Income taxes | 425.0 | 83.0 | 209.0 | 522.0 | -30.0 | 655.0 | 905.0 | 452.0 |
| Tax rate | 13.7% | 5.9% | 24.1% | 19.9% | | 22.8% | 32.0% | 25.4% |
| Earnings from continuing ops | 2,647.0 | 2,805.0 | 642.0 | 1,995.0 | 2,999.0 | 2,123.0 | 1,899.0 | 1,326.0 |
| Earnings from discontinued ops | 641.0 | -1,878.0 | 716.0 | 452.0 | | | | |
| Net income | 3,288.0 | 927.0 | 1,358.0 | 2,447.0 | 2,999.0 | 2,123.0 | 1,899.0 | 1,326.0 |
| Net margin | 23.5% | 6.5% | 9.4% | 21.9% | 23.8% | 18.1% | 16.3% | 10.7% |
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| Diluted EPS | $3.27 | $3.38 | $0.79 | $3.05 | $4.72 | $3.44 | $3.20 | $2.27 |
| Shares outstanding (diluted) | 808.5 | 831.0 | 808.9 | 654.9 | 636.0 | 617.1 | 593.7 | 584.5 |
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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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