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 | 2,773 | 2,548 | 2,945 | 2,984 | 3,146 | 3,161 | 3,245 | 2,586 |
| Revenue growth | 8.8% | -13.5% | -1.3% | -5.1% | -0.5% | -2.6% | 25.5% | 50.0% |
| Cost of goods sold | 2,519 | 2,303 | 2,621 | 2,573 | 2,655 | 2,705 | 2,815 | 2,246 |
| Gross profit | 254 | 245 | 324 | 411 | 491 | 456 | 430 | 340 |
| Gross margin | 9.2% | 9.6% | 11.0% | 13.8% | 15.6% | 14.4% | 13.3% | 13.1% |
| Selling, general and administrative | 175 | 193 | 221 | 193 | 226 | 224 | 245 | 228 |
| EBIT | 103 | 67 | 119 | 256 | 290 | 222 | 219 | 26 |
| EBIT margin | 3.7% | 2.6% | 4.0% | 8.6% | 9.2% | 7.0% | 6.7% | 1.0% |
| Pre-tax income | 81 | -20 | 106 | 216 | 223 | 161 | 69 | -43 |
| Income taxes | 31 | 28 | 24 | 43 | 48 | 30 | 27 | 32 |
| Tax rate | 38.3% | | 22.6% | 19.9% | 21.5% | 18.6% | 39.1% | |
| Earnings from continuing ops | 41 | -56 | 153 | 163 | 159 | 246 | -2 | -164 |
| Earnings from discontinued ops | | | -1 | 1 | 17 | -40 | 2,286 | -131 |
| Net income | 41 | -56 | 152 | 164 | 176 | 206 | 2,284 | -295 |
| Net margin | 1.5% | -2.2% | 5.2% | 5.5% | 5.6% | 6.5% | 70.4% | -11.4% |
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| Diluted EPS | $1.44 | ($2.01) | $5.43 | $5.49 | $4.94 | $6.95 | ($0.05) | ($3.58) |
| Shares outstanding (diluted) | 28 | 28 | 28 | 30 | 32 | 35 | 43 | 46 |
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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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