Financial Summary (All financials)
| In millions, except per share items | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 |
| Revenues | 580 | 567 | 526 | 569 |
| Revenue growth | 2.3% | 7.8% | -7.6% | |
| Cost of goods sold | 245 | 248 | 242 | 219 |
| Gross profit | 335 | 319 | 284 | 350 |
| Gross margin | 57.8% | 56.3% | 54.0% | 61.5% |
| General and administrative | 24 | 20 | 10 | 9 |
| EBIT | -471 | 233 | 208 | 276 |
| EBIT margin | -81.2% | 41.1% | 39.5% | 48.5% |
| Pre-tax income | -113 | 235 | 212 | 279 |
| Income taxes | 14 | 20 | 23 | 24 |
| Tax rate | | 8.5% | 10.8% | 8.6% |
| Net income | -71 | 171 | 189 | 255 |
| Net margin | -12.2% | 30.2% | 35.9% | 44.8% |
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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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