Overview Financials News + Filings Key Docs Ownership Insiders
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 |
| | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Non-US | 4,737.0 | 4,921.0 | 5,124.0 | 5,756.0 |
| CHINA | 917.0 | 933.0 | 873.0 | 1,027.0 |
| UNITED STATES | 1,437.0 | 1,383.0 | 1,408.0 | 2,021.0 |
| Total revenues | 6,174.0 | 6,304.0 | 6,532.0 | 7,777.0 |
| Revenue growth [+] | -2.1% | -3.5% | -16.0% | |
| Non-US | -3.7% | -4.0% | -11.0% | |
| CHINA | -1.7% | 6.9% | -15.0% | |
| UNITED STATES | 3.9% | -1.8% | -30.3% | |
| Cost of goods sold | 2,294.0 | 2,382.0 | 2,119.0 | 2,274.0 |
| Gross profit | 3,880.0 | 3,922.0 | 4,413.0 | 5,503.0 |
| Gross margin | 62.8% | 62.2% | 67.6% | 70.8% |
| Selling, general and administrative | 1,704.0 | 1,668.0 | 1,356.0 | 1,443.0 |
| Research and development | 471.0 | 339.0 | 210.0 | 220.0 |
| Other operating expenses | | | -18.0 | 66.0 |
| EBITDA [+] | 1,917.0 | 2,110.0 | 3,007.0 | 4,107.0 |
| EBITDA growth | -9.1% | -29.8% | -26.8% | |
| EBITDA margin | 31.0% | 33.5% | 46.0% | 52.8% |
| Depreciation | 96.0 | 92.0 | 56.0 | 49.0 |
| EBITA | 1,821.0 | 2,018.0 | 2,951.0 | 4,058.0 |
| EBITA margin | 29.5% | 32.0% | 45.2% | 52.2% |
| Amortization of intangibles | 116.0 | 103.0 | 86.0 | 284.0 |
| EBIT [+] | 1,705.0 | 1,915.0 | 2,865.0 | 3,774.0 |
| EBIT growth | -11.0% | -33.2% | -24.1% | |
| EBIT margin | 27.6% | 30.4% | 43.9% | 48.5% |
| Non-recurring items [+] | 135.0 | 107.0 | 60.0 | 78.0 |
| In-process research & development | 107.0 | 104.0 | | |
| Interest expense | 422.0 | 258.0 | | |
| Interest expense | 422.0 | 258.0 | | |
| Other income (expense), net [+] | -26.0 | -21.0 | -53.0 | |
| Gain (loss) on foreign currency transactions | 11.0 | 4.0 | 44.0 | |
| Other | -15.0 | -17.0 | -9.0 | |
| Pre-tax income | 1,122.0 | 1,529.0 | 2,752.0 | 3,696.0 |
| Income taxes | 205.0 | 178.0 | 496.0 | 390.0 |
| Tax rate | 18.3% | 11.6% | 18.0% | 10.6% |
| Earnings from continuing ops | 917.0 | 1,351.0 | 2,256.0 | 3,306.0 |
| Earnings from discontinued ops | | | 0.0 | 0.0 |
| Net income | 917.0 | 1,351.0 | 2,160.0 | 3,218.0 |
| Net margin | 14.9% | 21.4% | 33.1% | 41.4% |
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| Basic EPS [+] | $3.61 | $5.33 | $8.90 | $13.04 |
| Growth | -32.3% | -40.1% | -31.8% | |
| Diluted EPS [+] | $3.59 | $5.31 | $8.90 | $13.04 |
| Growth | -32.4% | -40.3% | -31.8% | |
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| Dividends per share [+] | $1.14 | $0.57 | | |
| Growth | 99.6% | | | |
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| Shares outstanding (basic) [+] | 254.1 | 253.5 | 253.5 | 253.5 |
| Growth | 0.2% | 0.0% | 0.0% | |
| Shares outstanding (diluted) [+] | 255.2 | 254.2 | 253.5 | 253.5 |
| Growth | 0.4% | 0.3% | 0.0% | |
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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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