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 | 17,421.0 | 16,471.0 | 15,693.0 | 15,544.0 | 15,454.0 | 15,195.0 | 16,034.0 | 17,277.0 |
| Revenue growth | 5.8% | 5.0% | 1.0% | 0.6% | 1.7% | -5.2% | -7.2% | -0.8% |
| Cost of goods sold | 7,046.0 | 6,454.0 | 6,368.0 | 6,313.0 | 6,174.0 | 6,072.0 | 6,635.0 | 7,168.0 |
| Gross profit | 10,375.0 | 10,017.0 | 9,325.0 | 9,231.0 | 9,280.0 | 9,123.0 | 9,399.0 | 10,109.0 |
| Gross margin | 59.6% | 60.8% | 59.4% | 59.4% | 60.0% | 60.0% | 58.6% | 58.5% |
| Selling, general and administrative | 6,407.0 | 6,019.0 | 5,575.0 | 5,389.0 | 5,400.0 | 5,143.0 | 5,464.0 | 5,982.0 |
| EBITA | 3,421.0 | 3,960.0 | 3,673.0 | 3,841.0 | 3,894.0 | 4,081.0 | 2,992.0 | 3,784.0 |
| EBITA margin | 19.6% | 24.0% | 23.4% | 24.7% | 25.2% | 26.9% | 18.7% | 21.9% |
| Amortization of intangibles | 89.0 | 88.0 | 62.0 | 59.0 | 35.0 | 33.0 | 33.0 | 32.0 |
| EBIT | 3,332.0 | 3,872.0 | 3,611.0 | 3,782.0 | 3,859.0 | 4,048.0 | 2,959.0 | 3,752.0 |
| EBIT margin | 19.1% | 23.5% | 23.0% | 24.3% | 25.0% | 26.6% | 18.5% | 21.7% |
| Pre-tax income | 3,087.0 | 3,647.0 | 3,301.0 | 3,464.0 | 3,487.0 | 3,738.0 | 2,763.0 | 3,533.0 |
| Income taxes | 749.0 | 787.0 | 774.0 | 906.0 | 1,313.0 | 1,152.0 | 1,215.0 | 1,194.0 |
| Tax rate | 24.3% | 21.6% | 23.4% | 26.2% | 37.7% | 30.8% | 44.0% | 33.8% |
| Net income | 2,166.0 | 2,695.0 | 2,367.0 | 2,400.0 | 2,024.0 | 2,441.0 | 1,384.0 | 2,180.0 |
| Net margin | 12.4% | 16.4% | 15.1% | 15.4% | 13.1% | 16.1% | 8.6% | 12.6% |
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| Diluted EPS | $2.55 | $3.14 | $2.75 | $2.75 | $2.28 | $2.72 | $1.52 | $2.36 |
| Shares outstanding (diluted) | 848.3 | 859.3 | 861.1 | 873.0 | 887.8 | 898.4 | 909.7 | 924.3 |
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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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