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-31-17 | Dec-31-16 | Dec-31-15 |
| Revenues | 1,362 | 507 | 388 | 2,086 | 1,959 | 1,782 | 2,095 | 2,542 |
| Revenue growth | 168.6% | 30.7% | -81.4% | 6.5% | 9.9% | -14.9% | -17.6% | -13.2% |
| Cost of goods sold | 1,207 | 1,314 | 1,184 | 1,218 | 1,203 | 1,178 | 1,164 | 1,166 |
| Gross profit | 155 | -807 | -796 | 868 | 756 | 604 | 931 | 1,376 |
| Gross margin | 11.4% | -159.2% | -205.2% | 41.6% | 38.6% | 33.9% | 44.4% | 54.1% |
| Selling, general and administrative | 56 | 1,207 | 964 | 984 | 984 | 966 | 951 | 918 |
| EBITA | 130 | 972 | 300 | 861 | 553 | 835 | 1,255 | 1,802 |
| EBITA margin | 9.5% | 191.7% | 77.3% | 41.3% | 28.2% | 46.9% | 59.9% | 70.9% |
| Amortization of intangibles | | 19 | 21 | 25 | 31 | 23 | 29 | 12 |
| EBIT | 130 | 953 | 279 | 836 | 522 | 812 | 1,226 | 1,790 |
| EBIT margin | 9.5% | 188.0% | 71.9% | 40.1% | 26.6% | 45.6% | 58.5% | 70.4% |
| Pre-tax income | 936 | 936 | 532 | 763 | 528 | 764 | 1,108 | 1,580 |
| Income taxes | 219 | 219 | 120 | 166 | 133 | 472 | 427 | 597 |
| Tax rate | 23.4% | 23.4% | 22.6% | 21.8% | 25.2% | 61.8% | 38.5% | 37.8% |
| Net income | 717 | 717 | 412 | 597 | 395 | 292 | 681 | 983 |
| Net margin | 52.6% | 141.4% | 106.2% | 28.6% | 20.2% | 16.4% | 32.5% | 38.7% |
| |
| Diluted EPS | $4.18 | $4.17 | $2.11 | $2.56 | $1.50 | $1.04 | $2.11 | $2.57 |
| Shares outstanding (diluted) | 172 | 172 | 195 | 233 | 264 | 281 | 322 | 382 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|