Financial Summary (All financials)
| In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
| Revenues | 15,281.0 | 13,003.0 | 11,229.0 | 9,256.0 | 7,670.4 | 6,493.9 | 5,506.7 | 4,842.1 |
| Revenue growth | 17.5% | 15.8% | 21.3% | 20.7% | 18.1% | 17.9% | 13.7% | 33.5% |
| Cost of goods sold | 587.0 | 461.0 | 438.0 | 420.0 | 385.9 | 340.4 | 299.1 | 425.9 |
| Gross profit | 14,694.0 | 12,542.0 | 10,791.0 | 8,836.0 | 7,284.5 | 6,153.5 | 5,207.6 | 4,416.2 |
| Gross margin | 96.2% | 96.5% | 96.1% | 95.5% | 95.0% | 94.8% | 94.6% | 91.2% |
| Selling, general and administrative | 3,250.0 | 2,941.0 | 2,658.0 | 2,305.0 | 2,027.9 | 1,684.5 | 1,373.5 | 1,226.3 |
| Research and development | 5,673.0 | 5,915.0 | 4,470.0 | 3,697.0 | 2,430.6 | 2,226.2 | 1,724.2 | 1,600.3 |
| EBITA | 5,738.0 | 5,041.0 | 3,670.0 | 2,840.0 | 2,831.6 | 2,250.1 | 2,111.6 | 1,590.7 |
| EBITA margin | 37.5% | 38.8% | 32.7% | 30.7% | 36.9% | 34.6% | 38.3% | 32.9% |
| Amortization of intangibles | 474.0 | 336.0 | 466.0 | 285.0 | 263.9 | 270.1 | 196.2 | 290.3 |
| EBIT | 5,264.0 | 4,705.0 | 3,204.0 | 2,555.0 | 2,567.7 | 1,980.0 | 1,915.4 | 1,300.4 |
| EBIT margin | 34.4% | 36.2% | 28.5% | 27.6% | 33.5% | 30.5% | 34.8% | 26.9% |
| Pre-tax income | 4,832.0 | 4,314.0 | 2,372.0 | 2,023.0 | 2,327.4 | 1,665.4 | 1,681.5 | 1,419.5 |
| Income taxes | 786.0 | 1,374.0 | 373.0 | 421.0 | 327.5 | 215.5 | 225.3 | 102.1 |
| Tax rate | 16.3% | 31.8% | 15.7% | 20.8% | 14.1% | 12.9% | 13.4% | 7.2% |
| Net income | 4,046.0 | 2,940.0 | 1,999.0 | 1,602.0 | 1,999.9 | 1,449.9 | 1,456.2 | 1,318.1 |
| Net margin | 26.5% | 22.6% | 17.8% | 17.3% | 26.1% | 22.3% | 26.4% | 27.2% |
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| Diluted EPS | $5.51 | $3.64 | $2.49 | $1.94 | $2.39 | $1.68 | $1.65 | $2.85 |
| Shares outstanding (diluted) | 733.8 | 808.7 | 803.3 | 825.0 | 836.0 | 860.6 | 881.6 | 462.7 |
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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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