Financial Summary (All financials)
| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| Revenues | 18,035 | 15,379 | 17,450 | 11,763 | 9,274 | 8,597 | 8,181 | 8,381 |
| Revenue growth | 17.3% | -11.9% | 48.3% | 26.8% | 7.9% | 5.1% | -2.4% | 5.2% |
| Cost of goods sold | 15,665 | 13,402 | 14,912 | 10,002 | 7,771 | 7,126 | 6,828 | 6,989 |
| Gross profit | 2,370 | 1,977 | 2,538 | 1,761 | 1,503 | 1,471 | 1,353 | 1,392 |
| Gross margin | 13.1% | 12.9% | 14.5% | 15.0% | 16.2% | 17.1% | 16.5% | 16.6% |
| Selling, general and administrative | 1,017 | 889 | 1,138 | 752 | 632 | 514 | 491 | 519 |
| Research and development | 285 | 273 | 324 | 200 | 158 | 153 | 146 | 169 |
| EBITA | 689 | 375 | 573 | 474 | 471 | 487 | 577 | 545 |
| EBITA margin | 3.8% | 2.4% | 3.3% | 4.0% | 5.1% | 5.7% | 7.1% | 6.5% |
| Amortization of intangibles | 128 | 130 | 138 | 32 | 3 | 3 | 5 | 4 |
| EBIT | 561 | 245 | 435 | 442 | 468 | 484 | 572 | 541 |
| EBIT margin | 3.1% | 1.6% | 2.5% | 3.8% | 5.0% | 5.6% | 7.0% | 6.5% |
| Pre-tax income | 282 | -1,001 | -201 | 174 | 336 | 411 | 441 | 398 |
| Income taxes | 182 | 459 | 19 | 63 | 71 | -4 | 146 | 131 |
| Tax rate | 64.5% | | | 36.2% | 21.1% | | 33.1% | 32.9% |
| Net income | 35 | -1,521 | -334 | 55 | 198 | 347 | 241 | 225 |
| Net margin | 0.2% | -9.9% | -1.9% | 0.5% | 2.1% | 4.0% | 2.9% | 2.7% |
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| Diluted EPS | $0.14 | ($18.69) | ($4.13) | $0.31 | $1.25 | $6.15 | $4.00 | $3.64 |
| Shares outstanding (diluted) | 249 | 81 | 81 | 176 | 159 | 56 | 60 | 62 |
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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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