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 | 18,507.0 | 16,652.0 | 16,783.0 | 16,125.0 | 14,810.0 | 13,487.0 | 12,416.0 | 10,263.0 |
| Revenue growth | 11.1% | -0.8% | 4.1% | 8.9% | 9.8% | 8.6% | 21.0% | 16.1% |
| Cost of goods sold | 11,604.0 | 10,671.0 | 10,634.0 | 9,838.0 | 9,152.0 | 8,108.0 | 7,440.0 | 6,141.0 |
| Gross profit | 6,903.0 | 5,981.0 | 6,149.0 | 6,287.0 | 5,658.0 | 5,379.0 | 4,976.0 | 4,122.0 |
| Gross margin | 37.3% | 35.9% | 36.6% | 39.0% | 38.2% | 39.9% | 40.1% | 40.2% |
| Selling, general and administrative | 3,503.0 | 3,100.0 | 2,972.0 | 3,007.0 | 2,697.0 | 2,731.0 | 2,509.0 | 2,037.0 |
| EBITA | 3,011.0 | 2,481.0 | 2,774.0 | 2,973.0 | 2,685.0 | 2,403.0 | 2,239.0 | 1,921.0 |
| EBITA margin | 16.3% | 14.9% | 16.5% | 18.4% | 18.1% | 17.8% | 18.0% | 18.7% |
| Amortization of intangibles | 182.0 | 152.0 | 162.0 | 151.0 | 130.0 | 113.0 | 97.0 | 36.0 |
| EBIT | 2,829.0 | 2,329.0 | 2,612.0 | 2,822.0 | 2,555.0 | 2,290.0 | 2,142.0 | 1,885.0 |
| EBIT margin | 15.3% | 14.0% | 15.6% | 17.5% | 17.3% | 17.0% | 17.3% | 18.4% |
| Pre-tax income | 2,827.0 | 2,096.0 | 2,543.0 | 2,797.0 | 2,655.0 | 2,357.0 | 2,164.0 | 1,924.0 |
| Income taxes | 693.0 | 704.0 | 643.0 | 698.0 | 1,153.0 | 805.0 | 540.0 | 485.0 |
| Tax rate | 24.5% | 33.6% | 25.3% | 25.0% | 43.4% | 34.2% | 25.0% | 25.2% |
| Net income | 2,137.0 | 1,392.0 | 1,842.0 | 2,101.0 | 1,504.0 | 1,553.0 | 1,624.0 | 1,439.0 |
| Net margin | 11.5% | 8.4% | 11.0% | 13.0% | 10.2% | 11.5% | 13.1% | 14.0% |
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| Diluted EPS | $4.05 | $2.57 | $3.29 | $3.60 | $2.53 | $2.55 | $2.65 | $2.35 |
| Shares outstanding (diluted) | 528.0 | 541.0 | 560.0 | 584.0 | 595.0 | 610.0 | 613.0 | 613.0 |
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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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