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 | 18,520.0 | 11,691.0 | 10,721.0 | 10,132.0 | 8,618.0 | 7,478.0 | 6,380.0 | 6,058.0 |
| Revenue growth | 58.4% | 9.0% | 5.8% | 17.6% | 15.2% | 17.2% | 5.3% | 207.7% |
| Cost of goods sold | 6,426.0 | 4,657.0 | 3,879.0 | 3,553.0 | 3,173.0 | 2,864.0 | 2,594.0 | 2,508.0 |
| Gross profit | 12,094.0 | 7,034.0 | 6,842.0 | 6,579.0 | 5,445.0 | 4,614.0 | 3,786.0 | 3,550.0 |
| Gross margin | 65.3% | 60.2% | 63.8% | 64.9% | 63.2% | 61.7% | 59.3% | 58.6% |
| Sales and marketing | 485.0 | 326.0 | 307.0 | 313.0 | 268.0 | 265.0 | 249.0 | 245.0 |
| General and administrative | 1,581.0 | 1,196.0 | 955.0 | 896.0 | 811.0 | 743.0 | 692.0 | 457.0 |
| EBITA | 8,603.0 | 4,843.0 | 5,024.0 | 4,809.0 | 3,866.0 | 3,174.0 | 2,431.0 | 2,470.0 |
| EBITA margin | 46.5% | 41.4% | 46.9% | 47.5% | 44.9% | 42.4% | 38.1% | 40.8% |
| Amortization of intangibles | 615.0 | 190.0 | 27.0 | 29.0 | 37.0 | 37.0 | 45.0 | 44.0 |
| EBIT | 7,988.0 | 4,653.0 | 4,997.0 | 4,780.0 | 3,829.0 | 3,137.0 | 2,386.0 | 2,426.0 |
| EBIT margin | 43.1% | 39.8% | 46.6% | 47.2% | 44.4% | 41.9% | 37.4% | 40.0% |
| Pre-tax income | 7,713.0 | 4,300.0 | 4,848.0 | 4,562.0 | 3,650.0 | 2,993.0 | 2,279.0 | 2,115.0 |
| Income taxes | 1,858.0 | 1,001.0 | 1,144.0 | 1,055.0 | 1,296.0 | 1,104.0 | 832.0 | 794.0 |
| Tax rate | 24.1% | 23.3% | 23.6% | 23.1% | 35.5% | 36.9% | 36.5% | 37.5% |
| Net income | 5,360.0 | 3,043.0 | 3,526.0 | 3,329.0 | 2,180.0 | 1,746.0 | 1,364.0 | 1,261.0 |
| Net margin | 28.9% | 26.0% | 32.9% | 32.9% | 25.3% | 23.3% | 21.4% | 20.8% |
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| Diluted EPS | $2.83 | $2.12 | $2.67 | $2.45 | $1.61 | $1.31 | $1.03 | $0.96 |
| Shares outstanding (diluted) | 1,897.0 | 1,435.0 | 1,320.0 | 1,361.0 | 1,353.0 | 1,334.0 | 1,327.0 | 1,315.0 |
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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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