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 | 21,065 | 20,275 | 9,741 | 12,937 | 14,178 | 12,250 | 9,045 | 11,574 |
| Revenue growth | 3.9% | 108.1% | -24.7% | -8.8% | 15.7% | 35.4% | -21.9% | -33.9% |
| Cost of goods sold | 16,777 | 14,533 | 9,555 | 12,082 | 12,305 | 10,858 | 9,608 | 11,141 |
| Gross profit | 4,288 | 5,742 | 186 | 855 | 1,873 | 1,392 | -563 | 433 |
| Gross margin | 20.4% | 28.3% | 1.9% | 6.6% | 13.2% | 11.4% | -6.2% | 3.7% |
| Selling, general and administrative | 422 | 426 | 277 | 289 | 336 | 320 | 306 | 415 |
| EBITA | 3,401 | 4,860 | -823 | 44 | 1,118 | 623 | -60 | -454 |
| EBITA margin | 16.1% | 24.0% | -8.4% | 0.3% | 7.9% | 5.1% | -0.7% | -3.9% |
| Amortization of intangibles | 42 | 26 | | | | | | |
| EBIT | 3,359 | 4,834 | -823 | 44 | 1,118 | 623 | -60 | -454 |
| EBIT margin | 15.9% | 23.8% | -8.4% | 0.3% | 7.9% | 5.1% | -0.7% | -3.9% |
| Pre-tax income | 3,259 | 4,344 | -1,307 | -452 | 812 | 301 | -416 | -1,459 |
| Income taxes | 735 | 170 | -142 | 178 | -303 | -86 | 24 | 183 |
| Tax rate | 22.6% | 3.9% | 10.9% | | | | | |
| Net income | 2,524 | 4,174 | -1,165 | -630 | 1,115 | 387 | -440 | -1,642 |
| Net margin | 12.0% | 20.6% | -12.0% | -4.9% | 7.9% | 3.2% | -4.9% | -14.2% |
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| Diluted EPS | $9.11 | $14.88 | ($5.92) | ($3.68) | $6.25 | $175,113,122.17 | ($2.81) | ($11.24) |
| Shares outstanding (diluted) | 277 | 280 | 197 | 171 | 178 | 0 | 157 | 146 |
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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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