Financial Summary (All financials)
| In millions, except per share items | May-28-23 | May-29-22 | May-30-21 | May-31-20 | May-26-19 | May-27-18 | May-28-17 | May-29-16 |
| Revenues | 20,094.2 | 18,992.8 | 18,127.0 | 17,626.6 | 16,865.2 | 15,740.4 | 15,619.8 | 16,563.1 |
| Revenue growth | 5.8% | 4.8% | 2.8% | 4.5% | 7.1% | 0.8% | -5.7% | -6.1% |
| Cost of goods sold | 13,548.4 | 12,590.6 | 11,678.7 | 11,496.7 | 11,108.4 | 10,304.8 | 10,052.0 | 10,733.6 |
| Gross profit | 6,545.8 | 6,402.2 | 6,448.3 | 6,129.9 | 5,756.8 | 5,435.6 | 5,567.8 | 5,829.5 |
| Gross margin | 32.6% | 33.7% | 35.6% | 34.8% | 34.1% | 34.5% | 35.6% | 35.2% |
| Selling, general and administrative | 602.8 | 543.8 | 771.7 | 3,151.6 | 2,935.8 | 2,850.1 | 2,888.8 | 3,118.9 |
| EBIT | 5,999.2 | 5,831.9 | 5,847.0 | 3,069.4 | 2,893.0 | 2,670.2 | 2,764.0 | 2,799.0 |
| EBIT margin | 29.9% | 30.7% | 32.3% | 17.4% | 17.2% | 17.0% | 17.7% | 16.9% |
| Pre-tax income | 3,140.5 | 3,209.6 | 2,857.4 | 2,600.2 | 2,082.0 | 2,135.6 | 2,271.3 | 2,403.6 |
| Income taxes | 612.2 | 586.3 | 629.1 | 480.5 | 367.8 | 57.3 | 655.2 | 755.2 |
| Tax rate | 19.5% | 18.3% | 22.0% | 18.5% | 17.7% | 2.7% | 28.8% | 31.4% |
| Net income | 2,593.9 | 2,707.3 | 2,339.8 | 2,181.2 | 1,752.7 | 2,131.0 | 1,657.5 | 1,697.4 |
| Net margin | 12.9% | 14.3% | 12.9% | 12.4% | 10.4% | 13.5% | 10.6% | 10.2% |
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| Diluted EPS | $4.31 | $4.42 | $3.78 | $3.56 | $2.90 | $3.64 | $2.77 | $2.77 |
| Shares outstanding (diluted) | 601.2 | 612.6 | 619.1 | 613.3 | 605.4 | 585.7 | 598.0 | 611.9 |
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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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