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 | 2,501 | 1,362 | 852 | 2,844 | 2,737 | 2,791 | 2,727 | 2,688 |
| Revenue growth | 83.6% | 59.9% | -70.0% | 3.9% | -1.9% | 2.3% | 1.5% | |
| Cost of goods sold | 223 | 191 | 258 | 219 | 207 | 206 | 193 | 1,770 |
| Gross profit | 2,278 | 1,171 | 594 | 2,625 | 2,530 | 2,585 | 2,534 | 918 |
| Gross margin | 91.1% | 86.0% | 69.7% | 92.3% | 92.4% | 92.6% | 92.9% | 34.2% |
| Selling, general and administrative | | | | | | | | |
| General and administrative | 63 | 62 | 63 | 62 | 65 | 68 | 71 | 83 |
| EBIT | 324 | -196 | -1,152 | 529 | 618 | 412 | 423 | 751 |
| EBIT margin | 13.0% | -14.4% | -135.2% | 18.6% | 22.6% | 14.8% | 15.5% | 27.9% |
| Pre-tax income | 173 | -450 | -1,450 | 351 | 500 | 285 | 221 | 417 |
| Income taxes | 0 | 2 | -6 | 35 | 23 | -2,346 | 82 | 118 |
| Tax rate | 0.0% | | 0.4% | 10.0% | 4.6% | | 37.1% | 28.3% |
| Net income | 162 | -459 | -1,440 | 306 | 472 | 2,625 | 133 | 292 |
| Net margin | 6.5% | -33.7% | -169.0% | 10.8% | 17.2% | 94.1% | 4.9% | 10.9% |
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| Diluted EPS | $0.71 | ($1.94) | ($6.10) | $1.44 | $2.31 | $12.27 | $0.67 | $1.47 |
| Shares outstanding (diluted) | 228 | 236 | 236 | 213 | 204 | 214 | 198 | 198 |
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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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