Financial Summary (All financials)
| In millions, except per share items | Dec-05-22 | Dec-31-21 | Dec-05-21 | Dec-31-20 | Dec-05-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 |
| Revenues | 6,849 | 6,388 | 6,388 | 4,969 | 4,992 | 5,526 | 6,638 | 6,183 |
| Revenue growth | 7.2% | 28.6% | 28.0% | -10.1% | | -16.8% | 7.4% | 14.5% |
| Cost of goods sold | 5,178 | 4,964 | 4,964 | 3,902 | 3,902 | 4,463 | 4,667 | 4,438 |
| Gross profit | 1,671 | 1,424 | 1,424 | 1,067 | 1,090 | 1,063 | 1,971 | 1,745 |
| Gross margin | 24.4% | 22.3% | 22.3% | 21.5% | 21.8% | 19.2% | 29.7% | 28.2% |
| Selling, general and administrative | 710 | 592 | 592 | 527 | 527 | 548 | 657 | 626 |
| Research and development | 118 | 107 | 107 | 93 | 93 | 80 | 82 | 81 |
| EBIT | 841 | 840 | 677 | 306 | 346 | 552 | 1,232 | 1,021 |
| EBIT margin | 12.3% | 13.1% | 10.6% | 6.2% | 6.9% | 10.0% | 18.6% | 16.5% |
| Pre-tax income | 741 | 676 | 676 | 179 | 179 | -124 | 1,155 | 912 |
| Income taxes | 163 | 68 | 68 | -40 | -40 | -72 | 159 | 165 |
| Tax rate | 22.0% | 10.1% | 10.1% | | | 58.1% | 13.8% | 18.1% |
| Net income | 578 | 608 | 608 | 219 | 219 | -52 | 995 | 746 |
| Net margin | 8.4% | 9.5% | 9.5% | 4.4% | 4.4% | -0.9% | 15.0% | 12.1% |
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| Diluted EPS | $3.72 | $3.69 | $3.69 | $1.32 | $1.33 | ($0.32) | $5.45 | $3.91 |
| Shares outstanding (diluted) | 155 | 165 | 165 | 166 | 165 | 165 | 183 | 191 |
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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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