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 | 7,331 | 11,142 | 9,789 | 11,296 | 11,458 | 10,551 | 13,394 | 10,511 |
| Revenue growth | -34.2% | 13.8% | -13.3% | -1.4% | 8.6% | -21.2% | 27.4% | -9.6% |
| Cost of goods sold | 4,080 | 3,241 | 2,908 | 3,704 | 4,012 | 3,819 | 3,506 | 5,875 |
| Gross profit | 3,251 | 7,901 | 6,881 | 7,592 | 7,446 | 6,732 | 9,888 | 4,636 |
| Gross margin | 44.3% | 70.9% | 70.3% | 67.2% | 65.0% | 63.8% | 73.8% | 44.1% |
| Selling, general and administrative | 1,221 | 1,728 | 1,807 | 1,878 | 1,757 | 1,796 | 6,879 | 7,627 |
| EBIT | 4,117 | 4,447 | 3,002 | 3,989 | 3,959 | 3,522 | 3,009 | 2,884 |
| EBIT margin | 56.2% | 39.9% | 30.7% | 35.3% | 34.6% | 33.4% | 22.5% | 27.4% |
| Pre-tax income | 4,130 | 3,878 | 2,530 | 3,491 | 3,469 | 3,128 | 2,582 | 2,442 |
| Income taxes | 860 | 873 | 517 | 769 | 803 | -2,276 | 914 | 886 |
| Tax rate | 20.8% | 22.5% | 20.4% | 22.0% | 23.1% | | 35.4% | 36.3% |
| Net income | 3,270 | 3,005 | 2,013 | 2,722 | 2,666 | 5,404 | 1,668 | 1,556 |
| Net margin | 44.6% | 27.0% | 20.6% | 24.1% | 23.3% | 51.2% | 12.5% | 14.8% |
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| Diluted EPS | $13.88 | $12.11 | $7.84 | $10.25 | $9.51 | $18.62 | $5.64 | $5.11 |
| Shares outstanding (diluted) | 236 | 248 | 257 | 266 | 280 | 290 | 296 | 304 |
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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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