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-05-18 | Dec-31-17 | Dec-31-16 |
| Revenues | 3,858 | 4,140 | 4,163 | 4,467 | 5,393 | 5,393 | 6,022 | 6,408 |
| Revenue growth | -6.8% | -0.6% | -6.8% | -17.2% | -10.4% | | -6.0% | -3.8% |
| Cost of goods sold | 3,018 | 3,138 | 3,209 | 3,494 | 4,182 | 4,182 | 4,730 | 5,174 |
| Gross profit | 840 | 1,002 | 954 | 973 | 1,211 | 1,211 | 1,292 | 1,234 |
| Gross margin | 21.8% | 24.2% | 22.9% | 21.8% | 22.5% | 22.5% | 21.5% | 19.3% |
| Selling, general and administrative | 440 | 544 | 468 | 479 | 560 | 560 | 611 | 679 |
| Research and development | 7 | 4 | 1 | 8 | 11 | 11 | 12 | 31 |
| EBITA | 177 | 201 | 264 | 283 | 201 | -417 | 323 | 173 |
| EBITA margin | 4.6% | 4.9% | 6.3% | 6.3% | 3.7% | -7.7% | 5.4% | 2.7% |
| Amortization of intangibles | 13 | 135 | 239 | 246 | 242 | | 243 | 280 |
| EBIT | 164 | 66 | 25 | 37 | -41 | -417 | 80 | -107 |
| EBIT margin | 4.3% | 1.6% | 0.6% | 0.8% | -0.8% | -7.7% | 1.3% | -1.7% |
| Pre-tax income | -127 | -25 | -139 | -2,106 | -395 | -395 | -16 | -1,227 |
| Income taxes | 55 | 3 | -21 | -172 | 21 | 21 | -193 | -244 |
| Tax rate | | | 15.1% | 8.2% | | | 1206.3% | 19.9% |
| Earnings from continuing ops | -182 | -28 | -118 | -1,934 | -416 | -416 | 177 | -983 |
| Earnings from discontinued ops | | | | | | | 0 | |
| Net income | -182 | -28 | -118 | -1,934 | -416 | -416 | 177 | -983 |
| Net margin | -4.7% | -0.7% | -2.8% | -43.3% | -7.7% | -7.7% | 2.9% | -15.3% |
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| Diluted EPS | ($0.84) | ($0.13) | ($0.56) | ($9.24) | ($2.02) | ($2.06) | $0.86 | ($4.85) |
| Shares outstanding (diluted) | 216 | 213 | 210 | 209 | 206 | 202 | 207 | 203 |
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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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