Overview Financials News + Filings Key Docs Charts Transactions Holdings Ownership Insiders
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| 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 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Sales | 31,471.0 | 29,453.0 | 22,284.0 | 17,911.0 | 17,049.0 | 15,518.8 | 16,882.4 | 14,433.7 |
| Sales growth | 6.9% | 32.2% | 24.4% | 5.1% | 9.9% | -8.1% | 17.0% | 12.2% |
| Cost of sales | -12,522.0 | -11,501.0 | -9,809.0 | -7,927.0 | -7,544.0 | -6,947.5 | -7,547.8 | -6,662.6 |
| Gross profit | 18,949.0 | 17,952.0 | 12,475.0 | 9,984.0 | 9,505.0 | 8,571.3 | 9,334.6 | 7,771.1 |
| Gross margin | 60.2% | 61.0% | 56.0% | 55.7% | 55.8% | 55.2% | 55.3% | 53.8% |
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| Operating costs: | | | | | | | | |
| Selling, general and administrative expenses | 8,516.0 | 8,198.0 | 6,896.0 | 5,589.0 | 5,391.0 | 5,042.6 | 5,624.3 | 4,747.5 |
| Research and development expenses | 1,745.0 | 1,742.0 | 1,348.0 | 1,126.0 | 1,059.0 | 956.4 | 975.1 | 861.4 |
| Other operating expenses | | -547.0 | | | | | | |
| Operating profit | 8,688.0 | 7,465.0 | 4,231.0 | 3,269.0 | 3,055.0 | 2,572.3 | 2,735.2 | 2,162.2 |
| Operating margin | 27.6% | 25.3% | 19.0% | 18.3% | 17.9% | 16.6% | 16.2% | 15.0% |
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| Nonoperating income (expense): | | | | | | | | |
| Other income (expense), net | -226.0 | 456.0 | 494.0 | 12.0 | 35.0 | -103.5 | -239.1 | -12.4 |
| Loss on early extinguishment of borrowings | | -96.0 | -26.0 | -7.0 | | | -178.8 | |
| Interest expense | -211.0 | -238.0 | -275.0 | -108.0 | -137.0 | -140.1 | -184.4 | -139.8 |
| Interest income | 41.0 | 11.0 | 71.0 | 139.0 | 9.0 | 7.5 | 0.2 | 4.6 |
| Earnings from continuing operations before income taxes | 8,292.0 | 7,598.0 | 4,495.0 | 3,305.0 | 2,962.0 | 2,543.2 | 2,611.3 | 2,039.4 |
| Income taxes | -1,083.0 | -1,251.0 | -849.0 | -873.0 | -556.0 | -371.0 | -457.9 | -292.7 |
| Net earnings from continuing operations | 7,209.0 | 6,347.0 | 3,646.0 | 2,432.0 | 2,406.0 | 2,172.2 | 2,153.4 | 1,746.7 |
| Net earnings | 7,209.0 | 6,433.0 | 3,646.0 | 3,008.0 | 2,651.0 | 2,492.1 | 2,553.7 | 3,357.4 |
| Mandatory convertible preferred stock dividends | -106.0 | -164.0 | -136.0 | -68.0 | | | | |
| Net earnings attributable to common stockholders | 7,103.0 | 6,269.0 | 3,510.0 | 2,940.0 | 2,651.0 | 2,492.1 | | |
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| Net earnings per common share: | | | | | | | | |
| Net earnings per common share from continuing operations, basic | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net earnings per common share from continuing operations, diluted | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net earnings per common share from discontinued operations, basic | | 0.0 | | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net earnings per common share from discontinued operations, diluted | | 0.0 | | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
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| Net earnings per common share, basic | $9.80 | $8.77 | $4.97 | $4.11 | $3.78 | $3.58 | $3.69 | $4.81 |
| Net earnings per common share, diluted | $9.66 | $8.61 | $4.89 | $4.05 | $3.74 | $3.53 | $3.65 | $4.74 |
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| Average common stock and common equivalent shares outstanding: | | | | | | | | |
| Basic | 725.1 | 714.6 | 706.2 | 715.0 | 700.6 | 695.8 | 691.2 | 698.1 |
| Diluted | 737.1 | 736.8 | 718.7 | 725.5 | 710.2 | 706.1 | 699.8 | 708.5 |
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