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 | 168,864 | 171,760 | 181,193 | 170,756 | 160,546 | 163,786 | 146,801 | 132,447 |
| Revenue growth | -1.7% | -5.2% | 6.1% | 6.4% | -2.0% | 11.6% | 10.8% | 2.9% |
| Cost of goods sold | 31,232 | 32,909 | 34,356 | 32,906 | 37,942 | 77,190 | 55,050 | 56,070 |
| Gross profit | 137,632 | 138,851 | 146,837 | 137,850 | 122,604 | 86,596 | 91,751 | 76,377 |
| Gross margin | 81.5% | 80.8% | 81.0% | 80.7% | 76.4% | 52.9% | 62.5% | 57.7% |
| Selling, general and administrative | 37,944 | 38,039 | 39,422 | 36,765 | 35,465 | 51,747 | 48,043 | 53,707 |
| EBIT | 23,978 | 6,500 | 27,961 | 26,048 | 20,098 | 23,641 | 24,864 | 12,387 |
| EBIT margin | 14.2% | 3.8% | 15.4% | 15.3% | 12.5% | 14.4% | 16.9% | 9.4% |
| Pre-tax income | 26,947 | -2,856 | 18,468 | 24,873 | 15,139 | 19,812 | 20,692 | 10,355 |
| Income taxes | 5,468 | 965 | 3,493 | 4,920 | -14,708 | 6,479 | 7,005 | 3,619 |
| Tax rate | 20.3% | | 18.9% | 19.8% | | 32.7% | 33.9% | 34.9% |
| Net income | 19,874 | -5,369 | 13,900 | 19,370 | 29,450 | 12,976 | 13,345 | 6,442 |
| Net margin | 11.8% | -3.1% | 7.7% | 11.3% | 18.3% | 7.9% | 9.1% | 4.9% |
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| Diluted EPS | $2.76 | ($0.75) | $1.89 | $2.85 | $4.76 | $2.10 | $2.36 | $1.23 |
| Shares outstanding (diluted) | 7,199 | 7,183 | 7,348 | 6,806 | 6,183 | 6,189 | 5,646 | 5,221 |
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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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