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 | 44,915.0 | 39,211.0 | 32,218.0 | 25,542.0 | 24,358.0 | 20,918.0 | 18,274.0 | 16,965.0 |
| Revenue growth | 14.5% | 21.7% | 26.1% | 4.9% | 16.4% | 14.5% | 7.7% | 0.4% |
| Cost of goods sold | 25,944.0 | 19,573.0 | 16,214.0 | 14,214.0 | 13,501.0 | 11,567.0 | 10,336.0 | 9,209.0 |
| Gross profit | 18,971.0 | 19,638.0 | 16,004.0 | 11,328.0 | 10,857.0 | 9,351.0 | 7,938.0 | 7,756.0 |
| Gross margin | 42.2% | 50.1% | 49.7% | 44.4% | 44.6% | 44.7% | 43.4% | 45.7% |
| Selling, general and administrative | 8,993.0 | 8,007.0 | 6,930.0 | 6,144.0 | 6,057.0 | 5,504.0 | 4,971.0 | 4,612.0 |
| Research and development | 1,471.0 | 1,406.0 | 1,181.0 | 1,003.0 | 967.0 | 887.0 | 754.0 | 692.0 |
| EBITA | 10,730.0 | 11,982.0 | 9,557.0 | 5,894.0 | 5,574.0 | 4,554.0 | 4,027.0 | 3,762.0 |
| EBITA margin | 23.9% | 30.6% | 29.7% | 23.1% | 22.9% | 21.8% | 22.0% | 22.2% |
| Amortization of intangibles | 2,395.0 | 1,761.0 | 1,667.0 | 1,713.0 | 1,741.0 | 1,594.0 | 1,380.0 | 1,310.0 |
| EBIT | 8,335.0 | 10,221.0 | 7,890.0 | 4,181.0 | 3,833.0 | 2,960.0 | 2,647.0 | 2,452.0 |
| EBIT margin | 18.6% | 26.1% | 24.5% | 16.4% | 15.7% | 14.2% | 14.5% | 14.5% |
| Pre-tax income | 7,835.0 | 8,841.0 | 7,230.0 | 4,072.0 | 3,262.0 | 2,429.0 | 2,024.0 | 1,936.0 |
| Income taxes | 703.0 | 1,109.0 | 850.0 | 374.0 | 324.0 | 201.0 | -1.0 | -44.0 |
| Tax rate | 9.0% | 12.5% | 11.8% | 9.2% | 9.9% | 8.3% | | |
| Earnings from continuing ops | 6,950.0 | 7,725.0 | 6,375.0 | 3,696.0 | 2,938.0 | 2,228.0 | 2,025.0 | 1,980.0 |
| Earnings from discontinued ops | | | | | | -3.0 | -3.0 | -5.0 |
| Net income | 6,950.0 | 7,725.0 | 6,375.0 | 3,696.0 | 2,938.0 | 2,225.0 | 2,022.0 | 1,975.0 |
| Net margin | 15.5% | 19.7% | 19.8% | 14.5% | 12.1% | 10.6% | 11.1% | 11.6% |
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| Diluted EPS | $17.64 | $19.46 | $15.98 | $9.17 | $7.24 | $5.60 | $5.10 | $4.93 |
| Shares outstanding (diluted) | 394.0 | 397.0 | 399.0 | 403.0 | 406.0 | 398.0 | 397.0 | 402.0 |
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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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