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 | 16,338 | 16,162 | 15,472 | 16,487 | 16,416 | 15,497 | 15,222 | 14,948 |
| Revenue growth | 1.1% | 4.5% | -6.2% | 0.4% | 5.9% | 1.8% | 1.8% | -4.0% |
| Cost of goods sold | 7,314 | 6,835 | 6,547 | 6,627 | 6,775 | 6,603 | 6,401 | 6,437 |
| Gross profit | 9,024 | 9,327 | 8,925 | 9,860 | 9,641 | 8,894 | 8,821 | 8,511 |
| Gross margin | 55.2% | 57.7% | 57.7% | 59.8% | 58.7% | 57.4% | 57.9% | 56.9% |
| Selling, general and administrative | 3,336 | 3,044 | 2,878 | 2,780 | 2,624 | 2,490 | 2,325 | 2,404 |
| General and administrative | 3,184 | 2,937 | 2,773 | 2,567 | 2,396 | 2,261 | 1,833 | 1,857 |
| EBITA | 4,239 | 4,058 | 3,940 | 3,512 | 5,119 | 4,547 | 4,595 | 4,094 |
| EBITA margin | 25.9% | 25.1% | 25.5% | 21.3% | 31.2% | 29.3% | 30.2% | 27.4% |
| Amortization of intangibles | 67 | 82 | 104 | 117 | 180 | 209 | 237 | 261 |
| EBIT | 4,172 | 3,976 | 3,836 | 3,395 | 4,939 | 4,338 | 4,358 | 3,833 |
| EBIT margin | 25.5% | 24.6% | 24.8% | 20.6% | 30.1% | 28.0% | 28.6% | 25.6% |
| Pre-tax income | 3,328 | 4,648 | 4,468 | 5,587 | 5,192 | 4,610 | 4,725 | 4,235 |
| Income taxes | 768 | 877 | 842 | 1,120 | 938 | 496 | 1,177 | 1,013 |
| Tax rate | 23.1% | 18.9% | 18.8% | 20.0% | 18.1% | 10.8% | 24.9% | 23.9% |
| Net income | 2,362 | 3,552 | 3,423 | 4,272 | 4,097 | 3,915 | 3,425 | 3,053 |
| Net margin | 14.5% | 22.0% | 22.1% | 25.9% | 25.0% | 25.3% | 22.5% | 20.4% |
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| Diluted EPS | $2.90 | $4.15 | $3.84 | $4.53 | $4.07 | $3.76 | $3.19 | $2.74 |
| Shares outstanding (diluted) | 815 | 856 | 893 | 943 | 1,007 | 1,040 | 1,072 | 1,113 |
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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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