Financial Summary (All financials)
| In millions, except per share items | Dec-31-17 | Dec-31-16 |
| Revenues | 33,882.0 | 26,949.6 |
| Revenue growth | 25.7% | |
| Cost of goods sold | 11,658.8 | 9,803.6 |
| Gross profit | 22,223.3 | 17,146.0 |
| Gross margin | 65.6% | 63.6% |
| Selling, general and administrative | 2,258.7 | 2,097.7 |
| EBIT | 19,621.5 | 14,811.2 |
| EBIT margin | 57.9% | 55.0% |
| Pre-tax income | 14,535.4 | 10,503.8 |
| Income taxes | 6,845.7 | 3,571.1 |
| Tax rate | 47.1% | 34.0% |
| Net income | 7,689.7 | 6,932.6 |
| Net margin | 22.7% | 25.7% |
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| Diluted EPS | $0.67 | $0.63 |
| Shares outstanding (diluted) | 11,477.2 | 11,004.2 |
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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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