Financial Summary (All financials)
| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-05-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| Revenues | 5,788 | 4,307 | 9,452 | 8,906 | 8,906 | 8,131 | 6,584 | 7,133 |
| Revenue growth | 34.4% | -54.4% | 6.1% | 9.5% | | 23.5% | -7.7% | -32.1% |
| Cost of goods sold | 4,140 | 3,724 | 6,936 | 6,655 | 5,323 | 6,168 | 4,880 | 4,011 |
| Gross profit | 1,648 | 583 | 2,516 | 2,251 | 3,583 | 1,963 | 1,704 | 3,122 |
| Gross margin | 28.5% | 13.5% | 26.6% | 25.3% | 40.2% | 24.1% | 25.9% | 43.8% |
| General and administrative | 405 | 311 | 441 | 443 | 443 | 439 | 409 | 537 |
| EBITA | 1,035 | -90 | 1,767 | 1,459 | 1,432 | 1,149 | 892 | 1,388 |
| EBITA margin | 17.9% | -2.1% | 18.7% | 16.4% | 16.1% | 14.1% | 13.5% | 19.5% |
| Amortization of intangibles | 32 | 29 | 29 | 27 | | 17 | 16 | 325 |
| EBIT | 1,003 | -119 | 1,738 | 1,432 | 1,432 | 1,132 | 876 | 1,063 |
| EBIT margin | 17.3% | -2.8% | 18.4% | 16.1% | 16.1% | 13.9% | 13.3% | 14.9% |
| Pre-tax income | 560 | -924 | 1,244 | 1,078 | 1,078 | 753 | 540 | 533 |
| Income taxes | 153 | -204 | 358 | 309 | 309 | -336 | 557 | -348 |
| Tax rate | 27.3% | 22.1% | 28.8% | 28.7% | 28.7% | | 103.1% | |
| Earnings from continuing ops | 410 | -715 | 881 | 764 | 769 | 1,084 | -33 | 869 |
| Earnings from discontinued ops | | | | | | | 371 | 535 |
| Net income | 410 | -715 | 881 | 764 | 769 | 1,084 | 338 | 1,404 |
| Net margin | 7.1% | -16.6% | 9.3% | 8.6% | 8.6% | 13.3% | 5.1% | 19.7% |
| |
| Diluted EPS | $1.46 | ($2.58) | $3.04 | $2.50 | $303.95 | $3.31 | ($0.10) | $2.63 |
| Shares outstanding (diluted) | 281 | 277 | 290 | 305 | 3 | 327 | 329 | 330 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|