Financial Summary (All financials)
| 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 |
| Revenues | 50,451 | 46,173 | 27,753 | 34,727 | 39,004 | 34,484 | 29,183 | 32,735 |
| Revenue growth | 9.3% | 66.4% | -20.1% | -11.0% | 13.1% | 18.2% | -10.9% | -28.2% |
| Cost of goods sold | 43,847 | 37,397 | 24,359 | 29,301 | 32,529 | 28,059 | 23,191 | 25,683 |
| Gross profit | 6,604 | 8,776 | 3,394 | 5,426 | 6,475 | 6,425 | 5,992 | 7,052 |
| Gross margin | 13.1% | 19.0% | 12.2% | 15.6% | 16.6% | 18.6% | 20.5% | 21.5% |
| Selling, general and administrative | 1,310 | 1,255 | 1,140 | 1,199 | 1,129 | 859 | 833 | 828 |
| Research and development | 124 | 124 | 113 | 111 | 115 | 106 | 99 | 102 |
| EBIT | 5,175 | 7,858 | 2,397 | 4,341 | 5,520 | 5,781 | 5,427 | 6,461 |
| EBIT margin | 10.3% | 17.0% | 8.6% | 12.5% | 14.2% | 16.8% | 18.6% | 19.7% |
| Pre-tax income | 4,776 | 6,786 | 1,386 | 4,052 | 5,311 | 5,493 | 5,233 | 6,209 |
| Income taxes | 882 | 1,163 | -43 | 648 | 613 | 598 | 1,386 | 1,730 |
| Tax rate | 18.5% | 17.1% | | 16.0% | 11.5% | 10.9% | 26.5% | 27.9% |
| Earnings from continuing ops | 3,887 | 5,616 | 1,422 | 3,397 | 4,696 | 4,897 | 3,846 | 8,960 |
| Earnings from discontinued ops | -5 | -6 | -2 | -7 | -8 | -18 | -10 | -5 |
| Net income | 3,882 | 5,610 | 1,420 | 3,390 | 4,688 | 4,879 | 3,836 | 8,955 |
| Net margin | 7.7% | 12.1% | 5.1% | 9.8% | 12.0% | 14.1% | 13.1% | 27.4% |
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| Diluted EPS | $11.85 | $16.81 | $4.26 | $9.62 | $12.07 | $12.27 | $9.16 | $19.23 |
| Shares outstanding (diluted) | 328 | 334 | 334 | 353 | 389 | 399 | 420 | 466 |
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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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