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 | 31,496 | 28,720 | 26,581 | 25,868 | 25,938 | 25,896 | 25,923 | 29,636 |
| Revenue growth | 9.7% | 8.0% | 2.8% | -0.3% | 0.2% | -0.1% | -12.5% | -13.5% |
| Cost of goods sold | 20,184 | 17,466 | 16,135 | 15,531 | 15,586 | 15,862 | 15,819 | 18,124 |
| Gross profit | 11,312 | 11,254 | 10,446 | 10,337 | 10,352 | 10,034 | 10,104 | 11,512 |
| Gross margin | 35.9% | 39.2% | 39.3% | 40.0% | 39.9% | 38.7% | 39.0% | 38.8% |
| Selling, general and administrative | 7,384 | 6,263 | 6,098 | 6,136 | 6,475 | 5,938 | 6,546 | 7,577 |
| EBITA | 4,313 | 5,392 | 4,769 | 4,746 | 4,361 | 4,440 | 3,820 | 3,935 |
| EBITA margin | 13.7% | 18.8% | 17.9% | 18.3% | 16.8% | 17.1% | 14.7% | 13.3% |
| Amortization of intangibles | 132 | 134 | 194 | 174 | 176 | 178 | 176 | 181 |
| EBIT | 4,181 | 5,258 | 4,575 | 4,572 | 4,185 | 4,262 | 3,644 | 3,754 |
| EBIT margin | 13.3% | 18.3% | 17.2% | 17.7% | 16.1% | 16.5% | 14.1% | 12.7% |
| Pre-tax income | 3,228 | 4,369 | 3,383 | 3,447 | 2,842 | 3,124 | 1,454 | 7,884 |
| Income taxes | -865 | -1,190 | -1,224 | -2 | -773 | -666 | -114 | 593 |
| Tax rate | | | | | | | | 7.5% |
| Net income | 2,717 | 4,300 | 3,555 | 3,929 | 3,317 | 2,828 | 1,635 | 7,267 |
| Net margin | 8.6% | 15.0% | 13.4% | 15.2% | 12.8% | 10.9% | 6.3% | 24.5% |
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| Diluted EPS | $1.96 | $3.04 | $2.47 | $2.69 | $2.23 | $1.85 | $1.04 | $4.44 |
| Shares outstanding (diluted) | 1,385 | 1,413 | 1,441 | 1,458 | 1,486 | 1,531 | 1,573 | 1,637 |
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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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