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 | 8,124.0 | 8,434.0 | 8,027.0 | 8,601.0 | 8,380.0 | 8,724.0 | 9,674.0 | 10,447.0 |
| Revenue growth | -3.7% | 5.1% | -6.7% | 2.6% | -3.9% | -9.8% | -7.4% | 27.3% |
| Cost of goods sold | 2,336.0 | 2,436.0 | 2,239.0 | 2,340.0 | 2,341.0 | 2,566.0 | 2,598.0 | 2,585.0 |
| Gross profit | 5,788.0 | 5,998.0 | 5,788.0 | 6,261.0 | 6,039.0 | 6,158.0 | 7,076.0 | 7,862.0 |
| Gross margin | 71.2% | 71.1% | 72.1% | 72.8% | 72.1% | 70.6% | 73.1% | 75.3% |
| Selling, general and administrative | 2,625.0 | 2,624.0 | 2,367.0 | 2,554.0 | 2,473.0 | 2,582.0 | 2,810.0 | 2,700.0 |
| Research and development | 529.0 | 465.0 | 452.0 | 471.0 | 413.0 | 361.0 | 421.0 | 334.0 |
| EBITA | 2,493.0 | 2,547.0 | 2,515.0 | 1,810.0 | 3,164.0 | 3,274.0 | 3,759.0 | 4,556.0 |
| EBITA margin | 30.7% | 30.2% | 31.3% | 21.0% | 37.8% | 37.5% | 38.9% | 43.6% |
| Amortization of intangibles | 1,215.0 | 1,375.0 | 1,645.0 | 1,897.0 | 2,644.0 | 2,690.0 | 2,673.0 | 2,257.0 |
| EBIT | 1,278.0 | 1,172.0 | 870.0 | -87.0 | 520.0 | 584.0 | 1,086.0 | 2,299.0 |
| EBIT margin | 15.7% | 13.9% | 10.8% | -1.0% | 6.2% | 6.7% | 11.2% | 22.0% |
| Pre-tax income | -129.0 | -1,024.0 | -934.0 | -1,837.0 | -4,154.0 | -1,741.0 | -2,435.0 | -155.0 |
| Income taxes | 83.0 | -87.0 | -375.0 | -54.0 | -10.0 | -4,145.0 | -27.0 | 133.0 |
| Tax rate | | 8.5% | 40.1% | 2.9% | 0.2% | 238.1% | 1.1% | |
| Net income | -212.0 | -948.0 | -560.0 | -1,788.0 | -4,148.0 | 2,404.0 | -2,409.0 | -292.0 |
| Net margin | -2.6% | -11.2% | -7.0% | -20.8% | -49.5% | 27.6% | -24.9% | -2.8% |
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| Diluted EPS | | ($2.64) | ($1.58) | ($5.08) | ($11.81) | $6.83 | ($6.94) | ($0.85) |
| Shares outstanding (diluted) | | 358.9 | 355.0 | 352.1 | 351.3 | 351.8 | 347.3 | 342.7 |
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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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