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 | 19,698 | 17,931 | 15,218 | 15,455 | 14,914 | 14,485 | 13,609 | 12,961 |
| Revenue growth | 9.9% | 17.8% | -1.5% | 3.6% | 3.0% | 6.4% | 5.0% | -7.4% |
| Cost of goods sold | 12,294 | 11,111 | 9,341 | 9,496 | 9,249 | 9,021 | 8,486 | 8,231 |
| Gross profit | 7,404 | 6,820 | 5,877 | 5,959 | 5,665 | 5,464 | 5,123 | 4,730 |
| Gross margin | 37.6% | 38.0% | 38.6% | 38.6% | 38.0% | 37.7% | 37.6% | 36.5% |
| Selling, general and administrative | 1,938 | 1,864 | 1,728 | 1,631 | 1,453 | 1,468 | 1,410 | 1,343 |
| EBITA | 3,562 | 3,152 | 2,618 | 2,888 | 2,935 | 2,800 | 2,444 | 2,174 |
| EBITA margin | 18.1% | 17.6% | 17.2% | 18.7% | 19.7% | 19.3% | 18.0% | 16.8% |
| Amortization of intangibles | 129 | 143 | 107 | 106 | 101 | 96 | 100 | 76 |
| EBIT | 3,433 | 3,009 | 2,511 | 2,782 | 2,834 | 2,704 | 2,344 | 2,098 |
| EBIT margin | 17.4% | 16.8% | 16.5% | 18.0% | 19.0% | 18.7% | 17.2% | 16.2% |
| Pre-tax income | 2,918 | 2,349 | 1,893 | 2,105 | 2,376 | 2,191 | 1,822 | 1,060 |
| Income taxes | 678 | 532 | 397 | 434 | 453 | 242 | 642 | 308 |
| Tax rate | 23.2% | 22.6% | 21.0% | 20.6% | 19.1% | 11.0% | 35.2% | 29.1% |
| Net income | 2,238 | 1,816 | 1,496 | 1,670 | 1,925 | 1,949 | 1,182 | 753 |
| Net margin | 11.4% | 10.1% | 9.8% | 10.8% | 12.9% | 13.5% | 8.7% | 5.8% |
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| Diluted EPS | $5.39 | $4.29 | $3.52 | $3.91 | $4.45 | $4.41 | $2.65 | $1.65 |
| Shares outstanding (diluted) | 415 | 423 | 425 | 428 | 432 | 442 | 447 | 456 |
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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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