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 | 43,075.0 | 34,608.0 | 31,904.0 | 30,578.0 | 27,390.0 | 20,853.0 | 20,405.0 | 20,247.0 |
| Revenue growth | 24.5% | 8.5% | 4.3% | 11.6% | 31.3% | 2.2% | 0.8% | 3.0% |
| Cost of goods sold | 18,537.0 | 15,003.0 | 13,231.0 | 12,706.0 | 12,409.0 | 9,094.0 | 8,747.0 | 9,218.0 |
| Gross profit | 24,538.0 | 19,605.0 | 18,673.0 | 17,872.0 | 14,981.0 | 11,759.0 | 11,658.0 | 11,029.0 |
| Gross margin | 57.0% | 56.6% | 58.5% | 58.4% | 54.7% | 56.4% | 57.1% | 54.5% |
| Selling, general and administrative | 11,324.0 | 9,696.0 | 9,765.0 | 9,744.0 | 9,182.0 | 6,736.0 | 6,785.0 | 6,530.0 |
| Research and development | 2,742.0 | 2,420.0 | 2,440.0 | 2,300.0 | 2,260.0 | 1,447.0 | 1,405.0 | 1,345.0 |
| EBITA | 10,472.0 | 7,489.0 | 6,468.0 | 5,828.0 | 3,539.0 | 3,576.0 | 3,468.0 | 3,229.0 |
| EBITA margin | 24.3% | 21.6% | 20.3% | 19.1% | 12.9% | 17.1% | 17.0% | 15.9% |
| Amortization of intangibles | 2,047.0 | 2,132.0 | 1,936.0 | 2,178.0 | 1,975.0 | 550.0 | 601.0 | 630.0 |
| EBIT | 8,425.0 | 5,357.0 | 4,532.0 | 3,650.0 | 1,564.0 | 3,026.0 | 2,867.0 | 2,599.0 |
| EBIT margin | 19.6% | 15.5% | 14.2% | 11.9% | 5.7% | 14.5% | 14.1% | 12.8% |
| Pre-tax income | 8,211.0 | 4,968.0 | 4,077.0 | 2,873.0 | 2,231.0 | 1,413.0 | 3,183.0 | 2,518.0 |
| Income taxes | 1,140.0 | 497.0 | 390.0 | 539.0 | 1,878.0 | 350.0 | 577.0 | 797.0 |
| Tax rate | 13.9% | 10.0% | 9.6% | 18.8% | 84.2% | 24.8% | 18.1% | 31.7% |
| Earnings from continuing ops | 7,071.0 | 4,447.0 | 3,687.0 | 2,300.0 | 229.0 | 726.0 | 789.0 | 1,158.0 |
| Earnings from discontinued ops | | 24.0 | | 34.0 | 124.0 | 337.0 | 1,817.0 | 563.0 |
| Net income | 7,071.0 | 4,471.0 | 3,687.0 | 2,334.0 | 353.0 | 1,063.0 | 2,606.0 | 1,721.0 |
| Net margin | 16.4% | 12.9% | 11.6% | 7.6% | 1.3% | 5.1% | 12.8% | 8.5% |
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| Diluted EPS | $3.95 | $2.49 | $2.07 | $1.30 | $0.13 | $0.49 | $0.52 | $0.76 |
| Shares outstanding (diluted) | 1,789.0 | 1,786.0 | 1,781.0 | 1,770.0 | 1,749.0 | 1,483.0 | 1,506.0 | 1,527.0 |
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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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