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 | 12,191 | 10,671 | 11,144 | 10,553 | 6,873 | 10,999 | 6,394 | 6,265 |
| Revenue growth | 14.2% | -4.2% | 5.6% | 53.5% | -37.5% | 72.0% | 2.1% | 13.2% |
| Cost of goods sold | 4,517 | 3,769 | 3,793 | 3,101 | 2,585 | 2,432 | 2,343 | 2,124 |
| Gross profit | 7,674 | 6,902 | 7,351 | 7,452 | 4,288 | 8,567 | 4,051 | 4,141 |
| Gross margin | 62.9% | 64.7% | 66.0% | 70.6% | 62.4% | 77.9% | 63.4% | 66.1% |
| Selling, general and administrative | 4,016 | 2,722 | 2,788 | 2,620 | 1,768 | 1,690 | 1,669 | 1,692 |
| EBITA | 3,287 | 3,816 | 4,314 | 4,571 | 2,163 | 2,198 | 2,251 | 2,341 |
| EBITA margin | 27.0% | 35.8% | 38.7% | 43.3% | 31.5% | 20.0% | 35.2% | 37.4% |
| Amortization of intangibles | 1,300 | 1,100 | 1,100 | 1,200 | 180 | 183 | 192 | 198 |
| EBIT | 1,987 | 2,716 | 3,214 | 3,371 | 1,983 | 2,015 | 2,059 | 2,143 |
| EBIT margin | 16.3% | 25.5% | 28.8% | 31.9% | 28.9% | 18.3% | 32.2% | 34.2% |
| Pre-tax income | 1,433 | 1,728 | 2,294 | 1,022 | -137 | 1,671 | 1,559 | 1,747 |
| Income taxes | 236 | 373 | 81 | 341 | 176 | 453 | 511 | 610 |
| Tax rate | 16.5% | 21.6% | 3.5% | 33.4% | | 27.1% | 32.8% | 34.9% |
| Net income | 1,197 | 1,355 | 2,213 | 681 | -313 | 1,218 | 1,048 | 1,137 |
| Net margin | 9.8% | 12.7% | 19.9% | 6.5% | -4.6% | 11.1% | 16.4% | 18.1% |
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| Diluted EPS | $1.80 | $2.02 | $3.11 | $0.99 | ($0.54) | $2.00 | $1.60 | $1.66 |
| Shares outstanding (diluted) | 664 | 672 | 711 | 688 | 576 | 610 | 656 | 687 |
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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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