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 | 12,766.0 | 13,419.0 | 13,831.0 | 14,554.0 | 14,016.0 | 12,151.0 | 8,983.0 | 5,867.0 |
| Revenue growth | -4.9% | -3.0% | -5.0% | 3.8% | 15.3% | 35.3% | 53.1% | 20.9% |
| Cost of goods sold | 7,202.0 | 6,936.0 | 9,786.0 | 11,052.0 | 10,784.0 | 9,738.0 | 7,122.0 | 4,253.0 |
| Gross profit | 5,564.0 | 6,483.0 | 4,045.0 | 3,502.0 | 3,232.0 | 2,413.0 | 1,861.0 | 1,614.0 |
| Gross margin | 43.6% | 48.3% | 29.2% | 24.1% | 23.1% | 19.9% | 20.7% | 27.5% |
| Selling, general and administrative | 1,662.0 | 1,648.0 | 1,490.0 | 1,564.0 | 1,522.0 | 1,390.0 | 1,250.0 | 609.0 |
| EBIT | 4,075.0 | 5,036.0 | 2,702.0 | 5,745.0 | 5,118.0 | 3,762.0 | 2,734.0 | 2,139.0 |
| EBIT margin | 31.9% | 37.5% | 19.5% | 39.5% | 36.5% | 31.0% | 30.4% | 36.5% |
| Pre-tax income | 4,076.0 | 5,036.0 | 2,702.0 | 2,104.0 | 1,893.0 | 1,196.0 | 762.0 | 679.0 |
| Income taxes | 992.0 | 1,247.0 | 693.0 | 537.0 | 323.0 | 111.0 | 105.0 | 194.0 |
| Tax rate | 24.3% | 24.8% | 25.6% | 25.5% | 17.1% | 9.3% | 13.8% | 28.6% |
| Earnings from continuing ops | 2,966.0 | 3,670.0 | 1,911.0 | 1,477.0 | 1,504.0 | 645.0 | 754.0 | 485.0 |
| Earnings from discontinued ops | | | | | | | | 161.0 |
| Net income | 2,966.0 | 3,670.0 | 1,911.0 | 1,477.0 | 1,504.0 | 645.0 | 754.0 | 646.0 |
| Net margin | 23.2% | 27.3% | 13.8% | 10.1% | 10.7% | 5.3% | 8.4% | 11.0% |
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| Diluted EPS | | | | | | | | |
| Shares outstanding (diluted) | | | | | | | | |
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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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