Financial Summary (All financials)
| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-05-19 | Dec-31-18 | Dec-05-18 | Dec-31-17 | Dec-05-17 |
| Revenues | 9,524 | 9,361 | 8,899 | 8,899 | 8,176 | 8,176 | 7,441 | 7,441 |
| Revenue growth | 1.7% | 5.2% | 8.8% | 8.8% | 9.9% | 9.9% | 5.3% | |
| Cost of goods sold | 8,113 | 7,658 | 7,346 | 7,368 | 6,354 | 6,385 | 5,801 | 5,813 |
| Gross profit | 1,411 | 1,703 | 1,553 | 1,531 | 1,822 | 1,791 | 1,640 | 1,628 |
| Gross margin | 14.8% | 18.2% | 17.5% | 17.2% | 22.3% | 21.9% | 22.0% | 21.9% |
| General and administrative | 898 | 904 | 788 | 788 | 871 | 871 | 759 | 759 |
| EBITA | 640 | 887 | 834 | 765 | 1,004 | 951 | 933 | 881 |
| EBITA margin | 6.7% | 9.5% | 9.4% | 8.6% | 12.3% | 11.6% | 12.5% | 11.8% |
| Amortization of intangibles | 86 | 56 | 47 | | 36 | | 40 | |
| EBIT | 554 | 831 | 787 | 765 | 968 | 951 | 893 | 881 |
| EBIT margin | 5.8% | 8.9% | 8.8% | 8.6% | 11.8% | 11.6% | 12.0% | 11.8% |
| Pre-tax income | 622 | 810 | 683 | 683 | 971 | 971 | 772 | 772 |
| Income taxes | 78 | 114 | 134 | 134 | 135 | 135 | 293 | 293 |
| Tax rate | 12.5% | 14.1% | 19.6% | 19.6% | 13.9% | 13.9% | 38.0% | 38.0% |
| Net income | 544 | 696 | 549 | 549 | 836 | 836 | 479 | 479 |
| Net margin | 5.7% | 7.4% | 6.2% | 6.2% | 10.2% | 10.2% | 6.4% | 6.4% |
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| Diluted EPS | $13.50 | $17.14 | $13.26 | $13.26 | $19.09 | $19.09 | $10.46 | $10.46 |
| Shares outstanding (diluted) | 40 | 41 | 41 | 41 | 44 | 44 | 46 | 46 |
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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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