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 | 10,476 | 8,473 | 9,273 | 10,151 | 9,549 | 9,008 | 9,648 | 9,527 |
| Revenue growth | 23.6% | -8.6% | -8.6% | 6.3% | 6.0% | -6.6% | 1.3% | 1.9% |
| Cost of goods sold | 7,976 | 6,498 | 7,039 | 7,672 | 7,186 | 6,651 | 7,068 | 7,306 |
| Gross profit | 2,500 | 1,975 | 2,234 | 2,479 | 2,363 | 2,357 | 2,580 | 2,221 |
| Gross margin | 23.9% | 23.3% | 24.1% | 24.4% | 24.7% | 26.2% | 26.7% | 23.3% |
| Selling, general and administrative | 795 | 654 | 691 | 721 | 729 | 707 | 771 | 755 |
| Research and development | 254 | 226 | 234 | 235 | 227 | 223 | 242 | 227 |
| EBITA | 1,988 | 1,096 | 1,406 | 1,344 | 1,216 | 1,094 | 1,730 | 1,348 |
| EBITA margin | 19.0% | 12.9% | 15.2% | 13.2% | 12.7% | 12.1% | 17.9% | 14.1% |
| Amortization of intangibles | 108 | 128 | 160 | 164 | 164 | 166 | 163 | 90 |
| EBIT | 1,880 | 968 | 1,246 | 1,180 | 1,052 | 928 | 1,567 | 1,258 |
| EBIT margin | 17.9% | 11.4% | 13.4% | 11.6% | 11.0% | 10.3% | 16.2% | 13.2% |
| Pre-tax income | 1,082 | 530 | 902 | 1,310 | 1,289 | 1,049 | 1,129 | 990 |
| Income taxes | 215 | 41 | 140 | 226 | -99 | 190 | 275 | 235 |
| Tax rate | 19.9% | 7.7% | 15.5% | 17.3% | | 18.1% | 24.4% | 23.7% |
| Net income | 857 | 478 | 759 | 1,080 | 1,384 | 854 | 848 | 751 |
| Net margin | 8.2% | 5.6% | 8.2% | 10.6% | 14.5% | 9.5% | 8.8% | 7.9% |
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| Diluted EPS | $6.25 | $3.50 | $5.48 | $7.56 | $9.47 | $5.75 | $5.66 | $4.97 |
| Shares outstanding (diluted) | 137 | 137 | 139 | 143 | 146 | 148 | 150 | 151 |
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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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