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 | 17,873.0 | 19,374.0 | 16,205.0 | 14,539.0 | 14,198.0 | 13,600.0 | 12,261.0 | 11,401.0 |
| Revenue growth | -7.7% | 19.6% | 11.5% | 2.4% | 4.4% | 10.9% | 7.5% | 2.9% |
| Cost of goods sold | 5,681.0 | 6,043.0 | 5,041.0 | 4,470.0 | 4,320.0 | 4,253.0 | 3,878.0 | 4,005.0 |
| Gross profit | 12,192.0 | 13,331.0 | 11,164.0 | 10,069.0 | 9,878.0 | 9,347.0 | 8,383.0 | 7,396.0 |
| Gross margin | 68.2% | 68.8% | 68.9% | 69.3% | 69.6% | 68.7% | 68.4% | 64.9% |
| Selling, general and administrative | 11,488.0 | 11,924.0 | 10,510.0 | | | | | |
| General and administrative | | | | 1,758.0 | 1,638.0 | 1,446.0 | 1,278.0 | 1,380.0 |
| EBITA | 6,346.0 | 9,043.0 | 7,459.0 | 5,648.0 | 5,567.0 | 5,343.0 | 4,740.0 | 4,792.0 |
| EBITA margin | 35.5% | 46.7% | 46.0% | 38.8% | 39.2% | 39.3% | 38.7% | 42.0% |
| Amortization of intangibles | 151.0 | 147.0 | 106.0 | 97.0 | 50.0 | 89.0 | 99.0 | 128.0 |
| EBIT | 6,195.0 | 8,896.0 | 7,353.0 | 5,551.0 | 5,517.0 | 5,254.0 | 4,641.0 | 4,664.0 |
| EBIT margin | 34.7% | 45.9% | 45.4% | 38.2% | 38.9% | 38.6% | 37.9% | 40.9% |
| Pre-tax income | 6,290.0 | 8,173.0 | 6,524.0 | 5,787.0 | 5,378.0 | 5,259.0 | 4,455.0 | 4,602.0 |
| Income taxes | 1,296.0 | 1,968.0 | 1,238.0 | 1,261.0 | 1,076.0 | 270.0 | 1,289.0 | 1,250.0 |
| Tax rate | 20.6% | 24.1% | 19.0% | 21.8% | 20.0% | 5.1% | 28.9% | 27.2% |
| Net income | 5,178.0 | 5,901.0 | 4,932.0 | 4,476.0 | 4,305.0 | 4,952.0 | 3,168.0 | 3,345.0 |
| Net margin | 29.0% | 30.5% | 30.4% | 30.8% | 30.3% | 36.4% | 25.8% | 29.3% |
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| Diluted EPS | $33.97 | $38.22 | $31.85 | $28.43 | $26.58 | $30.12 | $19.02 | $19.79 |
| Shares outstanding (diluted) | 152.4 | 154.4 | 154.8 | 157.5 | 161.9 | 164.4 | 166.6 | 169.0 |
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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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