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 | 5,417.0 | 4,780.0 | 3,737.0 | 3,820.0 | 3,431.0 | 19,686.0 | 19,042.0 | 18,877.0 |
| Revenue growth | 13.3% | 27.9% | -2.2% | 11.3% | -82.6% | 3.4% | 0.9% | 0.7% |
| Cost of goods sold | 10,475.0 | 9,424.0 | 8,923.0 | 8,486.0 | 7,845.0 | 7,838.0 | 7,146.0 | 6,804.0 |
| Gross profit | -5,058.0 | -4,644.0 | -5,186.0 | -4,666.0 | -4,414.0 | 11,848.0 | 11,896.0 | 12,073.0 |
| Gross margin | -93.4% | -97.2% | -138.8% | -122.1% | -128.7% | 60.2% | 62.5% | 64.0% |
| Selling, general and administrative | | | | | | | | |
| Sales and marketing | 4,017.0 | 2,871.0 | 1,610.0 | 2,274.0 | 2,174.0 | 1,670.0 | 1,811.0 | 1,744.0 |
| Research and development | 1,379.0 | 1,262.0 | 1,215.0 | 1,290.0 | 1,260.0 | 1,177.0 | 1,169.0 | 1,055.0 |
| EBITA | -15,387.0 | -12,890.0 | -11,790.0 | -9,467.0 | -8,993.0 | 7,904.0 | 7,841.0 | 8,154.0 |
| EBITA margin | -284.1% | -269.7% | -315.5% | -247.8% | -262.1% | 40.2% | 41.2% | 43.2% |
| Amortization of intangibles | 60.0 | 29.0 | 60.0 | 112.0 | 174.0 | 245.0 | 386.0 | 430.0 |
| EBIT | -15,447.0 | -12,919.0 | -11,850.0 | -9,579.0 | -9,167.0 | 7,659.0 | 7,455.0 | 7,724.0 |
| EBIT margin | -285.2% | -270.3% | -317.1% | -250.8% | -267.2% | 38.9% | 39.2% | 40.9% |
| Pre-tax income | 9,240.0 | 15,809.0 | 3,203.0 | 6,874.0 | 7,318.0 | 5,492.0 | 5,484.0 | 5,881.0 |
| Income taxes | 1,880.0 | 3,415.0 | 486.0 | 1,341.0 | 1,293.0 | 3,375.0 | 1,714.0 | 1,869.0 |
| Tax rate | 20.3% | 21.6% | 15.2% | 19.5% | 17.7% | 61.5% | 31.3% | 31.8% |
| Earnings from continuing ops | 7,044.0 | 11,965.0 | 2,375.0 | 5,192.0 | 5,710.0 | 1,704.0 | 3,513.0 | 3,872.0 |
| Earnings from discontinued ops | | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
| Net income | 7,044.0 | 11,965.0 | 2,375.0 | 5,192.0 | 5,710.0 | 1,704.0 | 3,513.0 | 3,872.0 |
| Net margin | 130.0% | 250.3% | 63.6% | 135.9% | 166.4% | 8.7% | 18.4% | 20.5% |
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| Diluted EPS | $17.91 | $26.94 | $5.18 | $11.05 | $11.82 | $3.49 | $6.89 | $7.07 |
| Shares outstanding (diluted) | 393.2 | 444.2 | 458.9 | 469.9 | 483.1 | 488.6 | 509.8 | 548.0 |
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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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