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 |
| Revenues | 33,364.0 | 30,793.0 | 27,243.0 | 28,228.0 | 14,836.0 | 11,358.0 | 10,484.0 |
| Revenue growth | 8.3% | 13.0% | -3.5% | 90.3% | 30.6% | 8.3% | |
| Cost of goods sold | 19,574.0 | 17,595.0 | 15,505.0 | 16,911.0 | 5,999.0 | 6,426.0 | 5,855.0 |
| Gross profit | 13,790.0 | 13,198.0 | 11,738.0 | 11,317.0 | 8,837.0 | 4,932.0 | 4,629.0 |
| Gross margin | 41.3% | 42.9% | 43.1% | 40.1% | 59.6% | 43.4% | 44.2% |
| Selling, general and administrative | 3,107.0 | 3,189.0 | 3,193.0 | 3,457.0 | 1,629.0 | 1,207.0 | 1,145.0 |
| Research and development | 143.0 | 143.0 | 152.0 | 184.0 | 113.0 | 93.0 | 92.0 |
| EBITA | 7,141.0 | 6,099.0 | 4,678.0 | 4,513.0 | 9,121.0 | 2,634.0 | 2,478.0 |
| EBITA margin | 21.4% | 19.8% | 17.2% | 16.0% | 61.5% | 23.2% | 23.6% |
| Amortization of intangibles | 571.0 | 723.0 | 765.0 | 735.0 | 215.0 | 91.0 | 94.0 |
| EBIT | 6,570.0 | 5,376.0 | 3,913.0 | 3,778.0 | 8,906.0 | 2,543.0 | 2,384.0 |
| EBIT margin | 19.7% | 17.5% | 14.4% | 13.4% | 60.0% | 22.4% | 22.7% |
| Pre-tax income | 5,543.0 | 5,099.0 | 3,384.0 | 2,927.0 | 5,049.0 | 2,287.0 | 2,048.0 |
| Income taxes | 1,434.0 | 1,262.0 | 847.0 | 769.0 | 817.0 | 1,026.0 | 551.0 |
| Tax rate | 25.9% | 24.7% | 25.0% | 26.3% | 16.2% | 44.9% | 26.9% |
| Earnings from continuing ops | 4,281.0 | 3,951.0 | 2,618.0 | 2,163.0 | 4,171.0 | 1,308.0 | 1,538.0 |
| Earnings from discontinued ops | | 5.0 | 4.0 | 109.0 | 117.0 | | |
| Net income | 4,281.0 | 3,956.0 | 2,622.0 | 2,272.0 | 4,288.0 | 1,308.0 | 1,538.0 |
| Net margin | 12.8% | 12.8% | 9.6% | 8.0% | 28.9% | 11.5% | 14.7% |
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| Diluted EPS | $8.49 | $7.57 | $4.93 | $3.97 | $12.48 | $4.52 | $5.34 |
| Shares outstanding (diluted) | 504.0 | 521.9 | 531.2 | 545.2 | 334.1 | 289.1 | 287.8 |
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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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