Financial Summary (All financials)
| In millions, except per share items | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 |
| Revenues | 23,643.2 | 23,850.3 | 24,197.7 | 22,636.0 | 22,011.9 | 22,972.8 | 0.0 | 21,445.8 |
| Revenue growth | -0.9% | -1.4% | 6.9% | 2.8% | -4.2% | | -100.0% | 1.2% |
| Cost of goods sold | 5,590.8 | 5,582.5 | 6,140.7 | 6,001.1 | 5,149.6 | 4,965.7 | 4,436.9 | 4,004.9 |
| Gross profit | 18,052.4 | 18,267.8 | 18,057.0 | 16,634.9 | 16,862.3 | 18,007.1 | -4,436.9 | 17,440.9 |
| Gross margin | 76.4% | 76.6% | 74.6% | 73.5% | 76.6% | 78.4% | | 81.3% |
| Selling, general and administrative | 7,323.8 | 7,377.0 | 7,556.7 | 8,165.4 | 7,155.5 | 7,238.7 | 6,200.3 | 5,652.2 |
| Research and development | 5,139.2 | 4,805.3 | 4,882.8 | 4,782.9 | 3,848.0 | 4,010.2 | 3,279.9 | 2,677.2 |
| EBIT | 8,092.4 | 8,646.1 | 8,594.0 | 6,123.3 | 7,898.1 | 7,874.0 | -279.6 | 9,756.2 |
| EBIT margin | 34.2% | 36.3% | 35.5% | 27.1% | 35.9% | 34.3% | | 45.5% |
| Pre-tax income | 10,822.6 | 9,931.7 | 3,492.1 | 6,221.4 | 7,363.9 | 8,002.8 | 0.0 | 9,651.7 |
| Income taxes | 2,747.5 | 1,999.4 | 95.3 | 1,787.6 | 2,732.6 | 2,172.7 | 0.0 | 2,856.9 |
| Tax rate | 25.4% | 20.1% | 2.7% | 28.7% | 37.1% | 27.1% | | 29.6% |
| Earnings from continuing ops | 7,952.3 | 7,808.4 | 3,275.4 | 4,433.8 | 4,631.3 | 5,830.1 | | 6,794.8 |
| Earnings from discontinued ops | | | | | | | | 354.7 |
| Net income | 7,952.3 | 7,808.4 | 3,275.4 | 4,433.8 | 4,631.3 | 5,830.1 | 0.0 | 7,149.5 |
| Net margin | 33.6% | 32.7% | 13.5% | 19.6% | 21.0% | 25.4% | | 33.3% |
| |
| Diluted EPS | | $3.64 | $1.49 | $2.03 | $2.10 | $2.62 | | $2.98 |
| Shares outstanding (diluted) | | 2,145.2 | 2,198.3 | 2,184.1 | 2,205.4 | 2,225.2 | | 2,276.9 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|