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 | 20,773 | 13,857 | 10,571 | 20,972 | 20,758 | 20,452 | 15,407 | 14,486 |
| Revenue growth | 49.9% | 31.1% | -49.6% | 1.0% | 1.5% | 32.7% | 6.4% | 5.0% |
| Cost of goods sold | 16,420 | 11,284 | 9,725 | 18,010 | 17,294 | 17,027 | 13,240 | 11,630 |
| Gross profit | 4,353 | 2,573 | 846 | 2,962 | 3,464 | 3,425 | 2,167 | 2,856 |
| Gross margin | 21.0% | 18.6% | 8.0% | 14.1% | 16.7% | 16.7% | 14.1% | 19.7% |
| General and administrative | 891 | 823 | 762 | 938 | 927 | 921 | 743 | 634 |
| EBITA | 3,480 | 1,726 | -57 | 2,037 | 2,640 | 2,544 | 1,433 | 1,431 |
| EBITA margin | 16.8% | 12.5% | -0.5% | 9.7% | 12.7% | 12.4% | 9.3% | 9.9% |
| Amortization of intangibles | | | | | | | | 65 |
| EBIT | 3,480 | 1,726 | -57 | 2,037 | 2,640 | 2,544 | 1,433 | 1,366 |
| EBIT margin | 16.8% | 12.5% | -0.5% | 9.7% | 12.7% | 12.4% | 9.3% | 9.4% |
| Pre-tax income | 3,114 | 1,180 | -466 | 1,599 | 2,345 | 2,982 | 1,239 | 1,255 |
| Income taxes | 756 | 81 | -199 | 326 | 438 | 1,523 | 431 | 396 |
| Tax rate | 24.3% | 6.9% | 42.7% | 20.4% | 18.7% | 51.1% | 34.8% | 31.6% |
| Net income | 2,358 | 1,099 | -267 | 1,273 | 1,907 | 1,459 | 808 | 859 |
| Net margin | 11.4% | 7.9% | -2.5% | 6.1% | 9.2% | 7.1% | 5.2% | 5.9% |
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| Diluted EPS | $7.24 | $3.34 | ($0.82) | $3.79 | $5.38 | $3.84 | $2.73 | $3.15 |
| Shares outstanding (diluted) | 326 | 329 | 326 | 336 | 354 | 380 | 296 | 273 |
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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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