Financial Summary (All financials)
| In millions, except per share items | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 |
| Revenues | 31,271 | 29,318 | 28,118 | 27,359 | 26,461 | 25,325 | 28,974 | 26,888 |
| Revenue growth | 6.7% | 4.3% | 2.8% | 3.4% | 4.5% | -12.6% | 7.8% | 5.9% |
| Cost of goods sold | 17,647 | 16,376 | 16,154 | 15,875 | 14,935 | 14,575 | 16,311 | 15,023 |
| Gross profit | 13,624 | 12,942 | 11,964 | 11,484 | 11,526 | 10,750 | 12,663 | 11,865 |
| Gross margin | 43.6% | 44.1% | 42.5% | 42.0% | 43.6% | 42.4% | 43.7% | 44.1% |
| Selling, general and administrative | 5,438 | 5,123 | 4,824 | 5,190 | 4,934 | 4,813 | 6,439 | 6,126 |
| EBITA | 8,253 | 7,897 | 7,139 | 6,758 | 6,721 | 5,982 | 6,231 | 5,739 |
| EBITA margin | 26.4% | 26.9% | 25.4% | 24.7% | 25.4% | 23.6% | 21.5% | 21.3% |
| Amortization of intangibles | 197 | 190 | 189 | 202 | 209 | 212 | 269 | 264 |
| EBIT | 8,056 | 7,707 | 6,950 | 6,556 | 6,512 | 5,770 | 5,962 | 5,475 |
| EBIT margin | 25.8% | 26.3% | 24.7% | 24.0% | 24.6% | 22.8% | 20.6% | 20.4% |
| Pre-tax income | 5,945 | 5,195 | 5,446 | 4,679 | 4,968 | 4,033 | 4,359 | 3,919 |
| Income taxes | 701 | 1,281 | 1,651 | 785 | 1,614 | 1,370 | 1,477 | 1,348 |
| Tax rate | 11.8% | 24.7% | 30.3% | 16.8% | 32.5% | 34.0% | 33.9% | 34.4% |
| Earnings from continuing ops | 5,247 | 3,915 | 3,796 | 7,788 | 3,354 | 2,666 | 2,886 | 2,578 |
| Earnings from discontinued ops | | 11 | 37 | -67 | 337 | 259 | | |
| Net income | 5,247 | 3,926 | 3,833 | 7,721 | 3,691 | 2,925 | 2,886 | 2,578 |
| Net margin | 16.8% | 13.4% | 13.6% | 28.2% | 13.9% | 11.5% | 10.0% | 9.6% |
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| Diluted EPS | $6.64 | $4.94 | $4.58 | $8.82 | $3.56 | $2.73 | $2.71 | $2.25 |
| Shares outstanding (diluted) | 791 | 792 | 830 | 883 | 943 | 976 | 1,065 | 1,145 |
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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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