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 | 17,220.0 | 14,905.0 | 13,578.0 | 12,347.0 | 12,657.0 | 12,320.0 | 11,869.0 | 11,524.0 |
| Revenue growth | 15.5% | 9.8% | 10.0% | -2.4% | 2.7% | 3.8% | 3.0% | -14.1% |
| Cost of goods sold | 4,724.0 | 3,645.0 | 3,609.0 | 3,018.0 | 2,797.0 | 2,844.0 | 2,898.0 | 2,990.0 |
| Gross profit | 12,496.0 | 11,260.0 | 9,969.0 | 9,329.0 | 9,860.0 | 9,476.0 | 8,971.0 | 8,534.0 |
| Gross margin | 72.6% | 75.5% | 73.4% | 75.6% | 77.9% | 76.9% | 75.6% | 74.1% |
| Selling, general and administrative | 2,556.0 | 2,216.0 | 1,834.0 | 1,914.0 | 1,871.0 | 2,770.0 | 2,007.0 | 1,924.0 |
| EBIT | 2,796.0 | 2,753.0 | 2,545.0 | 2,030.0 | 2,117.0 | 2,194.0 | 2,062.0 | 2,013.0 |
| EBIT margin | 16.2% | 18.5% | 18.7% | 16.4% | 16.7% | 17.8% | 17.4% | 17.5% |
| Pre-tax income | 662.0 | 789.0 | 566.0 | 1,127.0 | -1,089.0 | 949.0 | 1,590.0 | 1,568.0 |
| Income taxes | -162.0 | -136.0 | -305.0 | -278.0 | -739.0 | 281.0 | 177.0 | 486.0 |
| Tax rate | | | | | 67.9% | 29.6% | 11.1% | 31.0% |
| Earnings from continuing ops | 612.0 | 759.0 | 739.0 | 1,284.0 | -686.0 | 689.0 | 1,299.0 | 985.0 |
| Earnings from discontinued ops | | | | | 34.0 | | 12.0 | 35.0 |
| Net income | 612.0 | 759.0 | 739.0 | 1,284.0 | -652.0 | 689.0 | 1,311.0 | 1,020.0 |
| Net margin | 3.6% | 5.1% | 5.4% | 10.4% | -5.2% | 5.6% | 11.0% | 8.9% |
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| Diluted EPS | $1.60 | $2.00 | $1.98 | $3.77 | ($2.10) | $2.10 | $3.94 | $2.99 |
| Shares outstanding (diluted) | 383.0 | 380.0 | 374.0 | 341.0 | 326.0 | 328.0 | 330.0 | 329.0 |
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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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