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 |
| Revenues | 36,242.0 | 32,647.0 | 39,431.0 | 40,827.0 | 10.0 | 36,467.0 | 32,154.0 |
| Revenue growth | 11.0% | -17.2% | -3.4% | 408170.0% | -100.0% | 13.4% | |
| Cost of goods sold | 31,097.0 | 28,207.0 | 34,022.0 | 35,055.0 | 2,363.0 | 31,123.0 | 27,559.0 |
| Gross profit | 5,145.0 | 4,440.0 | 5,409.0 | 5,772.0 | -2,353.0 | 5,344.0 | 4,595.0 |
| Gross margin | 14.2% | 13.6% | 13.7% | 14.1% | -23530.0% | 14.7% | 14.3% |
| Selling, general and administrative | 1,717.0 | 1,587.0 | 1,697.0 | 1,664.0 | 1,668.0 | 1,601.0 | 1,448.0 |
| EBITA | 2,178.0 | 1,761.0 | 2,916.0 | 3,279.0 | 252.0 | 2,998.0 | 2,577.0 |
| EBITA margin | 6.0% | 5.4% | 7.4% | 8.0% | 2520.0% | 8.2% | 8.0% |
| Amortization of intangibles | 114.0 | 85.0 | 93.0 | 84.0 | 125.0 | 100.0 | 48.0 |
| EBIT | 2,064.0 | 1,676.0 | 2,823.0 | 3,195.0 | 127.0 | 2,898.0 | 2,529.0 |
| EBIT margin | 5.7% | 5.1% | 7.2% | 7.8% | 1270.0% | 7.9% | 7.9% |
| Pre-tax income | 1,948.0 | 1,006.0 | 2,223.0 | 2,951.0 | -14.0 | 2,780.0 | 2,651.0 |
| Income taxes | 395.0 | 329.0 | 591.0 | 619.0 | -3.0 | 706.0 | 711.0 |
| Tax rate | 20.3% | 32.7% | 26.6% | 21.0% | 21.4% | 25.4% | 26.8% |
| Net income | 1,514.0 | 757.0 | 1,765.0 | 2,296.0 | -10.0 | 2,074.0 | 2,007.0 |
| Net margin | 4.2% | 2.3% | 4.5% | 5.6% | -100.0% | 5.7% | 6.2% |
| |
| Diluted EPS | $5.00 | $2.52 | $5.59 | $6.61 | ($0.03) | $5.27 | $4.86 |
| Shares outstanding (diluted) | 302.8 | 300.4 | 315.8 | 347.5 | 373.9 | 393.2 | 412.7 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|