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 | 28,675 | 24,486 | 23,253 | 24,348 | 23,757 | 23,565 | 22,743 | 22,371 |
| Revenue growth | 17.1% | 5.3% | -4.5% | 2.5% | 0.8% | 3.6% | 1.7% | -0.6% |
| Cost of goods sold | 20,856 | 17,413 | 16,506 | 18,071 | 18,154 | 6,350 | 6,890 | 3,194 |
| Gross profit | 7,819 | 7,073 | 6,747 | 6,277 | 5,603 | 17,215 | 15,853 | 19,177 |
| Gross margin | 27.3% | 28.9% | 29.0% | 25.8% | 23.6% | 73.1% | 69.7% | 85.7% |
| Selling, general and administrative | | | | | | | | |
| General and administrative | 1,466 | 1,355 | 1,311 | 1,307 | 1,280 | 1,233 | 1,142 | 1,129 |
| EBITA | 6,581 | 5,927 | 3,555 | 5,859 | 5,081 | 6,054 | 5,232 | 5,288 |
| EBITA margin | 23.0% | 24.2% | 15.3% | 24.1% | 21.4% | 25.7% | 23.0% | 23.6% |
| Amortization of intangibles | | | | | | | | 5 |
| EBIT | 6,581 | 5,927 | 3,555 | 5,859 | 5,081 | 6,054 | 5,232 | 5,283 |
| EBIT margin | 23.0% | 24.2% | 15.3% | 24.1% | 21.4% | 25.7% | 23.0% | 23.6% |
| Pre-tax income | 4,078 | 3,991 | 920 | 4,097 | 3,073 | 4,266 | 3,734 | 3,910 |
| Income taxes | 300 | 268 | -169 | 519 | 448 | 1,196 | 2,282 | 1,345 |
| Tax rate | 7.4% | 6.7% | | 12.7% | 14.6% | 28.0% | 61.1% | 34.4% |
| Earnings from continuing ops | 3,767 | 3,946 | 1,277 | 3,714 | 2,647 | 3,065 | 5,138 | 2,639 |
| Earnings from discontinued ops | -1,323 | -144 | -7 | -7 | 19 | -6 | -408 | 177 |
| Net income | 2,444 | 3,802 | 1,270 | 3,707 | 2,666 | 3,059 | 4,730 | 2,816 |
| Net margin | 8.5% | 15.5% | 5.5% | 15.2% | 11.2% | 13.0% | 20.8% | 12.6% |
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| Diluted EPS | $4.89 | $5.13 | $1.73 | $5.09 | $3.74 | $4.38 | $7.44 | $3.80 |
| Shares outstanding (diluted) | 770 | 769 | 738 | 729 | 708 | 700 | 691 | 694 |
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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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