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 | 12,368.0 | 11,789.0 | 13,210.0 | 14,155.0 | 15,353.0 | 18,438.0 | 22,564.0 | 21,561.0 |
| Revenue growth | 4.9% | -10.8% | -6.7% | -7.8% | -16.7% | -18.3% | 4.7% | 45.2% |
| Cost of goods sold | 10,242.0 | 10,331.0 | 11,401.0 | 12,235.0 | 13,912.0 | 15,883.0 | 16,559.0 | 16,236.0 |
| Gross profit | 2,126.0 | 1,458.0 | 1,809.0 | 1,920.0 | 1,441.0 | 2,555.0 | 6,005.0 | 5,325.0 |
| Gross margin | 17.2% | 12.4% | 13.7% | 13.6% | 9.4% | 13.9% | 26.6% | 24.7% |
| Selling, general and administrative | 564.0 | 606.0 | 839.0 | | | | | 1,147.0 |
| General and administrative | | | | 337.0 | 394.0 | 450.0 | 457.0 | |
| EBIT | 1,426.0 | 1,174.0 | 881.0 | 887.0 | 198.0 | 1,032.0 | 1,346.0 | 1,332.0 |
| EBIT margin | 11.5% | 10.0% | 6.7% | 6.3% | 1.3% | 5.6% | 6.0% | 6.2% |
| Pre-tax income | 499.0 | 422.0 | -430.0 | -715.0 | -2,833.0 | -1,715.0 | 411.0 | 342.0 |
| Income taxes | 131.0 | -185.0 | 160.0 | -11.0 | -449.0 | -104.0 | 116.0 | 82.0 |
| Tax rate | 26.3% | | | 1.5% | 15.8% | 6.1% | 28.2% | 24.0% |
| Earnings from continuing ops | 230.0 | 511.0 | -675.0 | -788.0 | -2,447.0 | -1,706.0 | 489.0 | 409.0 |
| Earnings from discontinued ops | | | | | -12.0 | -15.0 | -36.0 | -57.0 |
| Net income | 230.0 | 511.0 | -675.0 | -788.0 | -2,459.0 | -1,721.0 | 453.0 | 352.0 |
| Net margin | 1.9% | 4.3% | -5.1% | -5.6% | -16.0% | -9.3% | 2.0% | 1.6% |
| |
| Diluted EPS | $1.76 | $4.38 | ($5.93) | ($6.99) | ($21.89) | ($15.41) | $4.24 | $3.63 |
| Shares outstanding (diluted) | 130.6 | 116.5 | 113.7 | 112.7 | 111.8 | 110.7 | 115.3 | 112.5 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|