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 | 20,752.0 | 19,628.0 | 17,858.0 | 21,390.0 | 21,609.0 | 20,404.0 | 0.0 | 20,855.0 |
| Revenue growth | 5.7% | 9.9% | -16.5% | -1.0% | 5.9% | | -100.0% | -7.5% |
| Cost of goods sold | 13,865.0 | 13,293.0 | 12,408.0 | 14,338.0 | 14,511.0 | 13,756.0 | 13,396.0 | 14,304.0 |
| Gross profit | 6,887.0 | 6,335.0 | 5,450.0 | 7,052.0 | 7,098.0 | 6,648.0 | -13,396.0 | 6,551.0 |
| Gross margin | 33.2% | 32.3% | 30.5% | 33.0% | 32.8% | 32.6% | | 31.4% |
| Selling, general and administrative | 3,227.0 | 3,256.0 | 3,075.0 | 3,583.0 | 3,548.0 | 3,526.0 | 3,464.0 | 3,596.0 |
| Research and development | 665.0 | 616.0 | 551.0 | 606.0 | 584.0 | 584.0 | 587.0 | 625.0 |
| EBITA | 3,728.0 | 2,670.0 | 2,040.0 | 3,142.0 | 3,004.0 | 3,908.0 | 2,566.0 | 2,601.0 |
| EBITA margin | 18.0% | 13.6% | 11.4% | 14.7% | 13.9% | 19.2% | | 12.5% |
| Amortization of intangibles | 483.0 | | | | | | | |
| EBIT | 3,245.0 | 2,670.0 | 2,040.0 | 3,142.0 | 3,004.0 | 3,908.0 | 2,566.0 | 2,601.0 |
| EBIT margin | 15.6% | 13.6% | 11.4% | 14.7% | 13.9% | 19.2% | | 12.5% |
| Pre-tax income | 2,911.0 | 2,896.0 | 1,746.0 | 2,591.0 | 2,424.0 | 3,368.0 | 2,118.0 | 2,133.0 |
| Income taxes | 445.0 | 750.0 | 331.0 | 378.0 | 278.0 | 382.0 | 199.0 | 159.0 |
| Tax rate | 15.3% | 25.9% | 19.0% | 14.6% | 11.5% | 11.3% | 9.4% | 7.5% |
| Net income | 2,469.0 | 2,144.0 | 1,410.0 | 2,211.0 | 2,145.0 | 2,985.0 | 1,916.0 | 1,972.0 |
| Net margin | 11.9% | 10.9% | 7.9% | 10.3% | 9.9% | 14.6% | | 9.5% |
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| Diluted EPS | $6.16 | $5.34 | $3.49 | $5.25 | $4.91 | $6.68 | $4.20 | $4.22 |
| Shares outstanding (diluted) | 400.8 | 401.6 | 404.0 | 420.8 | 436.9 | 447.0 | 456.5 | 467.1 |
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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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