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 | 3,474 | 3,351 | 2,375 | 3,275 | 3,329 | 3,094 | 2,600 | 2,577 |
| Revenue growth | 3.7% | 41.1% | -27.5% | -1.6% | 7.6% | 19.0% | 0.9% | 3.7% |
| Cost of goods sold | 1,383 | 1,294 | 1,175 | 1,174 | 1,161 | 1,115 | 1,146 | 1,168 |
| Gross profit | 2,091 | 2,057 | 1,200 | 2,101 | 2,168 | 1,979 | 1,454 | 1,409 |
| Gross margin | 60.2% | 61.4% | 50.5% | 64.2% | 65.1% | 64.0% | 55.9% | 54.7% |
| Selling, general and administrative | 88 | 85 | 84 | 84 | 78 | 73 | 74 | 77 |
| Sales and marketing | 38 | 35 | 35 | 34 | 30 | 28 | 21 | 24 |
| EBIT | 2,003 | 1,972 | 1,116 | 2,017 | 2,090 | 1,339 | 824 | 779 |
| EBIT margin | 57.7% | 58.8% | 47.0% | 61.6% | 62.8% | 43.3% | 31.7% | 30.2% |
| Pre-tax income | 1,476 | 1,490 | 621 | 1,538 | 1,535 | 1,234 | 670 | 750 |
| Income taxes | 325 | 322 | 124 | 336 | 300 | 491 | 193 | 229 |
| Tax rate | 22.0% | 21.6% | 20.0% | 21.8% | 19.5% | 39.8% | 28.8% | 30.5% |
| Net income | 1,122 | 1,140 | 482 | 1,195 | 1,227 | 738 | 473 | 515 |
| Net margin | 32.3% | 34.0% | 20.3% | 36.5% | 36.9% | 23.9% | 18.2% | 20.0% |
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| Diluted EPS | $8.44 | $8.32 | $3.44 | $7.91 | $7.18 | $4.15 | $2.67 | $2.85 |
| Shares outstanding (diluted) | 133 | 137 | 140 | 151 | 171 | 178 | 177 | 181 |
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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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