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 | Dec-31-14 |
| Revenues | 14,082 | 11,303 | 11,503 | 4,347 | 10,116 | 9,390 | 9,111 | 9,715 |
| Revenue growth | 24.6% | -1.7% | 164.6% | -57.0% | 7.7% | 3.1% | -6.2% | 24.2% |
| Cost of goods sold | 9,019 | 7,772 | 7,468 | 0 | 0 | 5,627 | 5,458 | 5,663 |
| Gross profit | 5,063 | 3,531 | 4,035 | 4,347 | 10,116 | 3,763 | 3,653 | 4,052 |
| Gross margin | 36.0% | 31.2% | 35.1% | 100.0% | 100.0% | 40.1% | 40.1% | 41.7% |
| Selling, general and administrative | 1,827 | 1,747 | 1,585 | -114 | 0 | 1,462 | 1,508 | 1,202 |
| Research and development | 995 | 1,154 | 1,031 | | | 736 | 769 | 815 |
| EBITA | 2,386 | 1,432 | 1,875 | 1,580 | 1,812 | 1,849 | 1,675 | 2,550 |
| EBITA margin | 16.9% | 12.7% | 16.3% | 36.3% | 17.9% | 19.7% | 18.4% | 26.2% |
| Amortization of intangibles | 129 | 121 | 113 | | | 64 | 54 | 33 |
| EBIT | 2,257 | 1,311 | 1,762 | 1,580 | 1,812 | 1,785 | 1,621 | 2,517 |
| EBIT margin | 16.0% | 11.6% | 15.3% | 36.3% | 17.9% | 19.0% | 17.8% | 25.9% |
| Pre-tax income | 2,397 | 623 | 1,216 | 1,503 | 1,657 | 3,692 | 1,486 | 3,568 |
| Income taxes | 491 | 111 | 256 | 437 | 2,154 | -3 | 147 | 1,096 |
| Tax rate | 20.5% | 17.8% | 21.1% | 29.1% | 130.0% | | 9.9% | 30.7% |
| Net income | 1,079 | 414 | 862 | 1,066 | -497 | 3,695 | 1,339 | 2,472 |
| Net margin | 7.7% | 3.7% | 7.5% | 24.5% | -4.9% | 39.4% | 14.7% | 25.4% |
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| Diluted EPS | $1.28 | $0.54 | $0.96 | $1.13 | ($0.56) | $3.23 | $1.00 | $1.73 |
| Shares outstanding (diluted) | 844 | 772 | 899 | 941 | 895 | 1,144 | 1,343 | 1,427 |
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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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