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| 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 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K/A | 10-K | 10-K |
| Revenues: |
| North America | 6,023.0 | 5,592.0 | 5,865.0 | 6,436.0 | 6,164.0 | 5,598.0 | 5,490.0 | 5,079.0 |
| Asia | 1,738.0 | 1,555.0 | 1,551.0 | 1,619.0 | 1,525.0 | 1,414.0 | 1,348.0 | 1,158.0 |
| Europe | 1,558.0 | 1,392.0 | 1,320.0 | 1,546.0 | 1,542.0 | 1,474.0 | 1,458.0 | 1,341.0 |
| South America | 1,501.0 | 1,399.0 | 1,431.0 | 1,993.0 | 2,042.0 | 2,082.0 | 2,308.0 | 1,970.0 |
| Surface Technologies | 617.0 | 596.0 | 609.0 | 679.0 | 652.0 | 656.0 | 648.0 | 568.0 |
| Total revenues | 11,437.0 | 10,534.0 | 10,776.0 | 12,273.0 | 11,925.0 | 11,224.0 | 11,252.0 | 10,116.0 |
| Revenue growth [+] | 8.6% | -2.2% | -12.2% | 2.9% | 6.2% | -0.2% | 11.2% | 13.0% |
| North America | 7.7% | -4.7% | -8.9% | 4.4% | 10.1% | 2.0% | 8.1% | 9.8% |
| Asia | 11.8% | 0.3% | -4.2% | 6.2% | 7.9% | 4.9% | 16.4% | 30.8% |
| Europe | 11.9% | 5.5% | -14.6% | 0.3% | 4.6% | 1.1% | 8.7% | 4.5% |
| South America | 7.3% | -2.2% | -28.2% | -2.4% | -1.9% | -9.8% | 17.2% | 19.8% |
| Surface Technologies | 3.5% | -2.1% | -10.3% | 4.1% | -0.6% | 1.2% | 14.1% | 9.9% |
| Cost of goods sold | 6,455.0 | 5,860.0 | 5,960.0 | 6,962.0 | 6,744.0 | 6,396.0 | 6,458.0 | 5,754.0 |
| Gross profit | 4,982.0 | 4,674.0 | 4,816.0 | 5,311.0 | 5,181.0 | 4,828.0 | 4,794.0 | 4,362.0 |
| Gross margin | 43.6% | 44.4% | 44.7% | 43.3% | 43.4% | 43.0% | 42.6% | 43.1% |
| Selling, general and administrative | 1,207.0 | 1,145.0 | 1,152.0 | 1,308.0 | 1,349.0 | 1,270.0 | 1,239.0 | 1,196.0 |
| Research and development | 93.0 | 92.0 | 93.0 | 96.0 | 98.0 | 98.0 | 90.0 | 79.0 |
| Equity in earnings | 47.0 | 41.0 | 43.0 | -42.0 | -38.0 | 34.0 | -40.0 | -38.0 |
| Other operating expenses | -4.0 | -23.0 | -28.0 | 129.0 | | 22.0 | -6.0 | 80.0 |
| EBITDA [+] | 3,733.0 | 3,501.0 | 3,642.0 | 3,736.0 | 3,696.0 | 3,472.0 | 3,431.0 | 2,969.0 |
| EBITDA growth | 6.6% | -3.9% | -2.5% | 1.1% | 6.5% | 1.2% | 15.6% | 21.4% |
| EBITDA margin | 32.6% | 33.2% | 33.8% | 30.4% | 31.0% | 30.9% | 30.5% | 29.3% |
| Depreciation | 1,136.0 | 1,071.0 | 1,059.0 | 1,123.0 | 1,068.0 | 980.0 | 982.0 | 904.0 |
| EBITA | 2,597.0 | 2,430.0 | 2,583.0 | 2,613.0 | 2,628.0 | 2,492.0 | 2,449.0 | 2,065.0 |
| EBITA margin | 22.7% | 23.1% | 24.0% | 21.3% | 22.0% | 22.2% | 21.8% | 20.4% |
| Amortization of intangibles | 48.0 | 51.0 | 47.0 | 47.0 | 41.0 | 21.0 | 21.0 | 21.0 |
| EBIT [+] | 2,549.0 | 2,379.0 | 2,536.0 | 2,566.0 | 2,587.0 | 2,471.0 | 2,428.0 | 2,044.0 |
| EBIT growth | 7.1% | -6.2% | -1.2% | -0.8% | 4.7% | 1.8% | 18.8% | 27.8% |
| EBIT margin | 22.3% | 22.6% | 23.5% | 20.9% | 21.7% | 22.0% | 21.6% | 20.2% |
| Non-recurring items [+] | 54.0 | 100.0 | 172.0 | | | | | |
| Unusual expense | 54.0 | 100.0 | 172.0 | | | | | |
| Interest expense | 161.0 | 190.0 | 161.0 | 213.0 | 178.0 | 141.0 | 145.0 | 118.0 |
| Interest expense | 161.0 | 190.0 | 161.0 | 213.0 | 178.0 | 141.0 | 145.0 | 118.0 |
| Other income (expense), net | -47.0 | -41.0 | -43.0 | 42.0 | 38.0 | -34.0 | 40.0 | 38.0 |
| Pre-tax income | 2,287.0 | 2,048.0 | 2,160.0 | 2,395.0 | 2,447.0 | 2,296.0 | 2,323.0 | 1,964.0 |
| Income taxes | 1,026.0 | 551.0 | 612.0 | 691.0 | 649.0 | 586.0 | 641.0 | 768.0 |
| Tax rate | 44.9% | 26.9% | 28.3% | 28.9% | 26.5% | 25.5% | 27.6% | 39.1% |
| Minority interest | 61.0 | 38.0 | 44.0 | 52.0 | 81.0 | 52.0 | 50.0 | 39.0 |
| Net income | 1,247.0 | 1,500.0 | 1,547.0 | 1,694.0 | 1,755.0 | 1,692.0 | 1,672.0 | 1,195.0 |
| Net margin | 10.9% | 14.2% | 14.4% | 13.8% | 14.7% | 15.1% | 14.9% | 11.8% |
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| Basic EPS [+] | $4.36 | $5.25 | $5.39 | $5.79 | $5.94 | $5.67 | $5.53 | $3.90 |
| Growth | -17.0% | -2.6% | -6.9% | -2.5% | 4.7% | 2.5% | 42.0% | -4.4% |
| Diluted EPS [+] | $4.31 | $5.21 | $5.35 | $5.73 | $5.87 | $5.61 | $5.45 | $3.84 |
| Growth | -17.3% | -2.6% | -6.6% | -2.4% | 4.7% | 2.8% | 42.0% | -4.4% |
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| Dividends per share [+] | $3.15 | $3.00 | $2.86 | $2.60 | $2.40 | $2.20 | $2.00 | $1.80 |
| Growth | 5.0% | 4.9% | 10.0% | 8.3% | 9.1% | 10.0% | 11.1% | 12.5% |
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| Shares outstanding (basic) [+] | 286.3 | 285.7 | 287.0 | 292.5 | 295.5 | 298.3 | 302.2 | 306.7 |
| Growth | 0.2% | -0.5% | -1.9% | -1.0% | -0.9% | -1.3% | -1.5% | -0.3% |
| Shares outstanding (diluted) [+] | 289.1 | 287.8 | 289.1 | 295.6 | 299.0 | 301.8 | 306.7 | 311.4 |
| Growth | 0.5% | -0.4% | -2.2% | -1.1% | -1.0% | -1.6% | -1.5% | -0.3% |
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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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