Financial Summary (All financials)
| In millions, except per share items | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 |
| Revenues | 7,011 | 8,264 | 8,212 | 8,062 | 8,284 | 6,714 | 6,517 | 6,619 |
| Revenue growth | -15.2% | 0.6% | 1.9% | -2.7% | 23.4% | 3.0% | -1.5% | |
| Cost of goods sold | 4,441 | 5,291 | 5,350 | 5,162 | 5,254 | 4,234 | 4,113 | 4,269 |
| Gross profit | 2,570 | 2,973 | 2,862 | 2,900 | 3,030 | 2,480 | 2,404 | 2,350 |
| Gross margin | 36.7% | 36.0% | 34.9% | 36.0% | 36.6% | 36.9% | 36.9% | 35.5% |
| Selling, general and administrative | 1,704 | 1,954 | 1,948 | 1,972 | 1,997 | 1,670 | 1,599 | 1,598 |
| EBIT | 866 | 1,019 | 914 | 928 | 1,033 | 810 | 805 | 752 |
| EBIT margin | 12.4% | 12.3% | 11.1% | 11.5% | 12.5% | 12.1% | 12.4% | 11.4% |
| Pre-tax income | 744 | 893 | 805 | 837 | 945 | 746 | 727 | 629 |
| Income taxes | 148 | 230 | 138 | 160 | 196 | 122 | 151 | 115 |
| Tax rate | 19.9% | 25.8% | 17.1% | 19.1% | 20.7% | 16.4% | 20.8% | 18.3% |
| Net income | 596 | 663 | 667 | 677 | 749 | 624 | 576 | 514 |
| Net margin | 8.5% | 8.0% | 8.1% | 8.4% | 9.0% | 9.3% | 8.8% | 7.8% |
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| Diluted EPS | $2.54 | $2.63 | $2.44 | $2.25 | $2.29 | $1.84 | $1.70 | $1.52 |
| Shares outstanding (diluted) | 235 | 252 | 273 | 301 | 327 | 340 | 339 | 339 |
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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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