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-05-18 | Dec-31-17 | Dec-31-16 |
| Revenues | 6,908 | 7,983 | 6,221 | 5,870 | 6,079 | 5,782 | 5,810 | 5,810 |
| Revenue growth | -13.5% | 28.3% | 6.0% | -3.4% | 4.6% | | 0.0% | 1.8% |
| Cost of goods sold | 5,792 | 6,422 | 5,000 | 4,687 | 4,830 | 1,351 | 4,574 | 4,487 |
| Gross profit | 1,116 | 1,561 | 1,221 | 1,183 | 1,249 | 4,431 | 1,236 | 1,323 |
| Gross margin | 16.2% | 19.6% | 19.6% | 20.2% | 20.5% | 76.6% | 21.3% | 22.8% |
| Sales and marketing | 252 | 263 | 215 | 264 | 258 | 256 | 258 | 241 |
| General and administrative | 388 | 441 | 412 | 344 | 328 | 265 | 303 | 321 |
| EBITA | 351 | 746 | 484 | 497 | 540 | 449 | 605 | 682 |
| EBITA margin | 5.1% | 9.3% | 7.8% | 8.5% | 8.9% | 7.8% | 10.4% | 11.7% |
| Amortization of intangibles | 96 | 94 | 77 | 93 | 97 | | 81 | 113 |
| EBIT | 255 | 652 | 407 | 404 | 443 | 449 | 524 | 569 |
| EBIT margin | 3.7% | 8.2% | 6.5% | 6.9% | 7.3% | 7.8% | 9.0% | 9.8% |
| Pre-tax income | -323 | 435 | -591 | -174 | 202 | 213 | 359 | 357 |
| Income taxes | -68 | 133 | -104 | 14 | 65 | 67 | -66 | 144 |
| Tax rate | 21.1% | 30.6% | 17.6% | | 32.2% | 31.5% | | 40.3% |
| Earnings from continuing ops | -287 | 343 | -360 | -188 | 137 | 146 | 425 | 213 |
| Earnings from discontinued ops | | | | | | -6 | 6 | |
| Net income | -287 | 343 | -360 | -188 | 137 | 140 | 431 | 213 |
| Net margin | -4.2% | 4.3% | -5.8% | -3.2% | 2.3% | 2.4% | 7.4% | 3.7% |
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| Diluted EPS | ($2.52) | $2.85 | ($3.13) | ($1.65) | $1.09 | $1.17 | $3.07 | $1.46 |
| Shares outstanding (diluted) | 114 | 120 | 115 | 114 | 125 | 125 | 138 | 146 |
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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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