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| 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 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| North America | 11,474.0 | 12,491.0 | 11,210.0 | 11,477.0 | 11,374.0 | 11,065.0 | | 10,732.0 |
| United States | 10,500.0 | 11,500.0 | 10,300.0 | 10,700.0 | 10,600.0 | 10,400.0 | | 9,189.0 |
| EMEA | 4,023.0 | 5,088.0 | 4,389.0 | 4,296.0 | 4,536.0 | 4,881.0 | | 5,601.0 |
| Latin America | 3,127.0 | 3,167.0 | 2,592.0 | 3,177.0 | 3,618.0 | 3,946.0 | | 3,349.0 |
| Total revenues | 19,724.0 | 21,985.0 | 19,456.0 | 20,419.0 | 21,037.0 | 21,253.0 | 20,718.0 | 20,891.0 |
| Revenue growth [+] | -10.3% | 13.0% | -4.7% | -2.9% | -1.0% | 2.6% | -0.8% | 5.1% |
| North America | -8.1% | 11.4% | -2.3% | 0.9% | 2.8% | | | 0.9% |
| United States | -8.7% | 11.7% | -3.7% | 0.9% | 1.9% | | | 1.4% |
| EMEA | -20.9% | 15.9% | 2.2% | -5.3% | -7.1% | | | 43.4% |
| Latin America | -1.3% | 22.2% | -18.4% | -12.2% | -8.3% | | | -28.5% |
| Asia | -11.2% | -2.1% | -16.5% | -4.5% | 3.1% | | | 73.7% |
| Cost of goods sold | 16,651.0 | 17,576.0 | 15,614.0 | 16,908.0 | 17,500.0 | 17,651.0 | 17,026.0 | 17,231.0 |
| Gross profit | 3,073.0 | 4,409.0 | 3,842.0 | 3,511.0 | 3,537.0 | 3,602.0 | 3,692.0 | 3,660.0 |
| Gross margin | 15.6% | 20.1% | 19.7% | 17.2% | 16.8% | 16.9% | 17.8% | 17.5% |
| Selling, general and administrative | 1,820.0 | 2,081.0 | 1,877.0 | 2,142.0 | 2,189.0 | 2,112.0 | 2,080.0 | 2,143.0 |
| Equity in earnings | -19.0 | -8.0 | | | | | | |
| Other operating expenses | 35.0 | 47.0 | 62.0 | 69.0 | 75.0 | 79.0 | 71.0 | 74.0 |
| EBITDA [+] | 1,674.0 | 2,767.0 | 2,471.0 | 1,887.0 | 1,918.0 | 2,065.0 | 2,196.0 | 2,111.0 |
| EBITDA growth | -39.5% | 12.0% | 30.9% | -1.6% | -7.1% | -6.0% | 4.0% | 12.0% |
| EBITDA margin | 8.5% | 12.6% | 12.7% | 9.2% | 9.1% | 9.7% | 10.6% | 10.1% |
| Depreciation and amortization | 440.0 | 447.0 | 506.0 | 518.0 | 570.0 | 575.0 | 584.0 | 594.0 |
| EBITA | 1,234.0 | 2,320.0 | 1,965.0 | 1,369.0 | 1,348.0 | 1,490.0 | 1,612.0 | 1,517.0 |
| EBITA margin | 6.3% | 10.6% | 10.1% | 6.7% | 6.4% | 7.0% | 7.8% | 7.3% |
| Amortization of intangibles | 35.0 | 47.0 | 62.0 | 69.0 | 75.0 | 79.0 | 71.0 | 74.0 |
| EBIT [+] | 1,199.0 | 2,273.0 | 1,903.0 | 1,300.0 | 1,273.0 | 1,411.0 | 1,541.0 | 1,443.0 |
| EBIT growth | -47.3% | 19.4% | 46.4% | 2.1% | -9.8% | -8.4% | 6.8% | 9.0% |
| EBIT margin | 6.1% | 10.3% | 9.8% | 6.4% | 6.1% | 6.6% | 7.4% | 6.9% |
| Non-recurring items [+] | 2,274.0 | -67.0 | 288.0 | -249.0 | 994.0 | 275.0 | 173.0 | 201.0 |
| Asset impairment | 384.0 | | 7.0 | | 747.0 | | | |
| Interest expense | 190.0 | 175.0 | 189.0 | 187.0 | 192.0 | 162.0 | 161.0 | 165.0 |
| Interest expense | 190.0 | 175.0 | 189.0 | 187.0 | 192.0 | 162.0 | 161.0 | 165.0 |
| Other income (expense), net | 38.0 | 167.0 | 21.0 | 168.0 | -108.0 | -87.0 | -93.0 | -46.0 |
| Pre-tax income | -1,227.0 | 2,332.0 | 1,447.0 | 1,530.0 | -21.0 | 887.0 | 1,114.0 | 1,031.0 |
| Income taxes | 265.0 | 518.0 | 382.0 | 348.0 | 138.0 | 550.0 | 186.0 | 209.0 |
| Tax rate | | 22.2% | 26.4% | 22.7% | | 62.0% | 16.7% | 20.3% |
| Minority interest | 8.0 | 23.0 | -10.0 | 14.0 | 24.0 | -13.0 | 40.0 | 39.0 |
| Net income | -1,519.0 | 1,783.0 | 1,075.0 | 1,168.0 | -183.0 | 350.0 | 888.0 | 783.0 |
| Net margin | -7.7% | 8.1% | 5.5% | 5.7% | -0.9% | 1.6% | 4.3% | 3.7% |
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| Basic EPS [+] | ($27.17) | $28.71 | $17.15 | $18.34 | ($2.72) | $4.77 | $11.67 | $9.95 |
| Growth | -194.6% | 67.5% | -6.5% | -773.3% | -157.0% | -59.1% | 17.3% | 19.8% |
| Diluted EPS [+] | ($27.17) | $28.35 | $16.98 | $18.19 | ($2.72) | $4.70 | $11.50 | $9.82 |
| Growth | -195.9% | 66.9% | -6.7% | -768.1% | -157.9% | -59.1% | 17.1% | 20.3% |
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| Dividends per share [+] | $7.00 | $5.45 | $4.85 | $4.75 | $4.55 | $4.30 | $3.90 | $3.45 |
| Growth | 28.4% | 12.4% | 2.1% | 4.4% | 5.8% | 10.3% | 13.0% | 20.6% |
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| Shares outstanding (basic) [+] | 55.9 | 62.1 | 62.7 | 63.7 | 67.2 | 73.3 | 76.1 | 78.7 |
| Growth | -10.0% | -1.0% | -1.6% | -5.2% | -8.3% | -3.7% | -3.3% | 0.5% |
| Shares outstanding (diluted) [+] | 55.9 | 62.9 | 63.3 | 64.2 | 67.2 | 74.4 | 77.2 | 79.7 |
| Growth | -11.1% | -0.6% | -1.4% | -4.5% | -9.7% | -3.6% | -3.1% | 0.1% |
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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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