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-31-16 | Dec-31-15 | Dec-31-14 |
| Revenues | 6,586 | 6,993 | 7,014 | 6,880 | 7,540 | 8,173 | 8,229 | 6,777 |
| Revenue growth | -5.8% | -0.3% | 1.9% | -8.8% | | -0.7% | 21.4% | 7.3% |
| Cost of goods sold | 3,229 | 3,525 | 3,486 | 3,387 | 3,556 | 4,162 | 4,265 | 3,775 |
| Gross profit | 3,357 | 3,468 | 3,528 | 3,493 | 3,984 | 4,011 | 3,964 | 3,002 |
| Gross margin | 51.0% | 49.6% | 50.3% | 50.8% | 52.8% | 49.1% | 48.2% | 44.3% |
| Selling, general and administrative | 1,188 | 1,181 | 1,226 | 1,258 | 1,354 | 1,407 | 1,467 | 1,181 |
| EBITA | 1,504 | 1,875 | 2,002 | 1,990 | 1,766 | 1,656 | 1,387 | 1,108 |
| EBITA margin | 22.8% | 26.8% | 28.5% | 28.9% | 23.4% | 20.3% | 16.9% | 16.3% |
| Amortization of intangibles | 744 | 843 | 838 | 809 | 798 | 211 | 227 | 95 |
| EBIT | 760 | 1,032 | 1,164 | 1,181 | 968 | 1,445 | 1,160 | 1,013 |
| EBIT margin | 11.5% | 14.8% | 16.6% | 17.2% | 12.8% | 17.7% | 14.1% | 14.9% |
| Pre-tax income | -4,537 | 783 | 872 | -2,946 | 537 | 842 | 283 | 238 |
| Income taxes | 256 | 197 | 221 | 255 | 196 | 165 | -3,150 | -76 |
| Tax rate | | 25.2% | 25.3% | | 36.5% | 19.6% | | |
| Net income | -4,793 | 586 | 651 | -3,201 | 341 | 677 | 3,433 | 314 |
| Net margin | -72.8% | 8.4% | 9.3% | -46.5% | 4.5% | 8.3% | 41.7% | 4.6% |
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| Diluted EPS | | | | | | $1.87 | $9.57 | $1.21 |
| Shares outstanding (diluted) | | | | | | 361 | 359 | 258 |
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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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