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 | 13,017.0 | 16,653.0 | 14,338.0 | 15,436.0 | 22,594.0 | 11,672.0 | 48,158.0 | 48,778.0 |
| Revenue growth | -21.8% | 16.1% | -7.1% | -31.7% | 93.6% | -75.8% | -1.3% | |
| Cost of goods sold | 8,402.0 | 10,803.0 | 9,508.0 | 10,026.0 | 15,302.0 | 9,558.0 | 37,668.0 | 37,745.0 |
| Gross profit | 4,615.0 | 5,850.0 | 4,830.0 | 5,410.0 | 7,292.0 | 2,114.0 | 10,490.0 | 11,033.0 |
| Gross margin | 35.5% | 35.1% | 33.7% | 35.0% | 32.3% | 18.1% | 21.8% | 22.6% |
| Selling, general and administrative | 1,467.0 | 1,855.0 | 1,701.0 | 2,057.0 | 3,028.0 | 1,615.0 | 2,953.0 | 2,948.0 |
| Research and development | 536.0 | 618.0 | 625.0 | 689.0 | 1,070.0 | 657.0 | 1,593.0 | 1,598.0 |
| EBITA | 2,530.0 | 3,362.0 | 5,312.0 | 4,327.0 | 1,754.0 | -798.0 | 9,482.0 | 3,310.0 |
| EBITA margin | 19.4% | 20.2% | 37.0% | 28.0% | 7.8% | -6.8% | 19.7% | 6.8% |
| Amortization of intangibles | 590.0 | 725.0 | 696.0 | 701.0 | 1,044.0 | 505.0 | 544.0 | 419.0 |
| EBIT | 1,940.0 | 2,637.0 | 4,616.0 | 3,626.0 | 710.0 | -1,303.0 | 8,938.0 | 2,891.0 |
| EBIT margin | 14.9% | 15.8% | 32.2% | 23.5% | 3.1% | -11.2% | 18.6% | 5.9% |
| Pre-tax income | 1,448.0 | 2,196.0 | -2,246.0 | -126.0 | 600.0 | -1,525.0 | 4,413.0 | 9,930.0 |
| Income taxes | -4,399.0 | 392.0 | 160.0 | -2.0 | 195.0 | -1,758.0 | 9.0 | 2,147.0 |
| Tax rate | | 17.9% | | 1.6% | 32.5% | 115.3% | 0.2% | 21.6% |
| Earnings from continuing ops | 1,061.0 | 1,756.0 | -2,434.0 | -226.0 | 250.0 | 101.0 | 4,318.0 | 7,685.0 |
| Earnings from discontinued ops | 4,786.0 | 4,711.0 | -517.0 | 724.0 | 3,595.0 | 1,058.0 | | |
| Net income | 5,847.0 | 6,467.0 | -2,951.0 | 498.0 | 3,845.0 | 1,159.0 | 4,318.0 | 7,685.0 |
| Net margin | 44.9% | 38.8% | -20.6% | 3.2% | 17.0% | 9.9% | 9.0% | 15.8% |
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| Diluted EPS | | $3.23 | ($3.31) | ($0.30) | $0.32 | $0.19 | $3.84 | $6.19 |
| Shares outstanding (diluted) | | 544.2 | 735.5 | 746.3 | 771.8 | 532.7 | 1,123.2 | 1,241.4 |
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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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