Financial Summary (All financials)
| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| Revenues | 34,816.0 | 31,981.0 | 31,581.0 | 30,282.0 | 28,902.0 | 27,625.0 | 26,815.0 | 27,174.0 |
| Revenue growth | 8.9% | 1.3% | 4.3% | 4.8% | 4.6% | 3.0% | -1.3% | 3.8% |
| Cost of goods sold | 25,681.0 | 24,235.0 | 24,078.0 | 23,024.0 | 22,002.0 | 19,418.0 | 17,981.0 | 18,121.0 |
| Gross profit | 9,135.0 | 7,746.0 | 7,503.0 | 7,258.0 | 6,900.0 | 8,207.0 | 8,834.0 | 9,053.0 |
| Gross margin | 26.2% | 24.2% | 23.8% | 24.0% | 23.9% | 29.7% | 32.9% | 33.3% |
| Selling, general and administrative | 4,677.0 | 4,509.0 | 4,365.0 | 4,297.0 | 4,170.0 | 4,154.0 | 4,094.0 | 3,964.0 |
| EBITA | 4,812.0 | 3,590.0 | 3,497.0 | 3,330.0 | 3,112.0 | 4,427.0 | 5,139.0 | 5,504.0 |
| EBITA margin | 13.8% | 11.2% | 11.1% | 11.0% | 10.8% | 16.0% | 19.2% | 20.3% |
| Amortization of intangibles | 14.0 | 14.0 | 15.0 | 17.0 | 13.0 | 11.0 | 26.0 | 46.0 |
| EBIT | 4,798.0 | 3,576.0 | 3,482.0 | 3,313.0 | 3,099.0 | 4,416.0 | 5,113.0 | 5,458.0 |
| EBIT margin | 13.8% | 11.2% | 11.0% | 10.9% | 10.7% | 16.0% | 19.1% | 20.1% |
| Pre-tax income | 4,458.0 | 3,237.0 | 3,138.0 | 2,961.0 | 2,730.0 | 4,053.0 | 4,740.0 | 5,089.0 |
| Income taxes | 796.0 | 540.0 | 516.0 | 438.0 | 674.0 | 1,039.0 | 1,301.0 | 1,397.0 |
| Tax rate | 17.9% | 16.7% | 16.4% | 14.8% | 24.7% | 25.6% | 27.4% | 27.5% |
| Net income | 3,662.0 | 2,697.0 | 2,622.0 | 2,523.0 | 2,056.0 | 3,014.0 | 3,439.0 | 3,692.0 |
| Net margin | 10.5% | 8.4% | 8.3% | 8.3% | 7.1% | 10.9% | 12.8% | 13.6% |
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| Diluted EPS | $14.60 | $10.59 | $10.00 | $9.35 | $7.38 | $10.36 | $10.96 | $10.78 |
| Shares outstanding (diluted) | 250.8 | 254.6 | 262.3 | 269.8 | 278.6 | 291.0 | 313.9 | 342.5 |
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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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