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 | 28,541.4 | 28,318.4 | 24,539.8 | 22,319.5 | 21,493.3 | 19,973.8 | 21,222.1 | 19,958.7 |
| Revenue growth | 0.8% | 15.4% | 9.9% | 3.8% | 7.6% | -5.9% | 6.3% | 1.7% |
| Cost of goods sold | 6,629.8 | 7,312.8 | 5,483.3 | 4,721.2 | 4,681.7 | 4,447.7 | 5,710.1 | 5,037.2 |
| Gross profit | 21,911.6 | 21,005.6 | 19,056.5 | 17,598.3 | 16,811.6 | 15,526.1 | 15,512.0 | 14,921.5 |
| Gross margin | 76.8% | 74.2% | 77.7% | 78.8% | 78.2% | 77.7% | 73.1% | 74.8% |
| Selling, general and administrative | 6,440.4 | 6,431.6 | 6,121.2 | 6,213.8 | 5,975.1 | 5,982.4 | 6,528.0 | 6,533.0 |
| Research and development | 7,190.8 | 6,930.7 | 5,976.3 | 5,595.0 | 5,051.2 | 5,096.2 | 5,310.3 | 4,796.4 |
| EBITA | 7,951.6 | 7,302.0 | 6,617.4 | 6,015.3 | 6,146.6 | 4,909.7 | 4,361.6 | 4,223.9 |
| EBITA margin | 27.9% | 25.8% | 27.0% | 27.0% | 28.6% | 24.6% | 20.6% | 21.2% |
| Amortization of intangibles | 579.7 | 628.8 | 428.2 | 225.8 | 361.3 | 462.2 | 687.9 | 631.8 |
| EBIT | 7,371.9 | 6,673.2 | 6,189.2 | 5,789.5 | 5,785.3 | 4,447.5 | 3,673.7 | 3,592.1 |
| EBIT margin | 25.8% | 23.6% | 25.2% | 25.9% | 26.9% | 22.3% | 17.3% | 18.0% |
| Pre-tax income | 6,806.4 | 6,155.5 | 7,229.9 | 5,265.9 | 3,680.1 | 2,304.8 | 3,374.0 | 2,790.0 |
| Income taxes | 561.6 | 573.8 | 1,036.2 | 628.0 | 529.5 | 2,391.2 | 636.4 | 381.6 |
| Tax rate | 8.3% | 9.3% | 14.3% | 11.9% | 14.4% | 103.7% | 18.9% | 13.7% |
| Earnings from continuing ops | 6,244.8 | 5,581.7 | 6,193.7 | 957.4 | 3,069.2 | 31.3 | 2,737.6 | 2,408.4 |
| Earnings from discontinued ops | | | | 3,680.5 | 81.4 | -117.7 | | |
| Net income | 6,244.8 | 5,581.7 | 6,193.7 | 4,637.9 | 3,150.6 | -86.4 | 2,737.6 | 2,408.4 |
| Net margin | 21.9% | 19.7% | 25.2% | 20.8% | 14.7% | -0.4% | 12.9% | 12.1% |
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| Diluted EPS | $6.90 | $6.12 | $6.79 | $1.02 | $2.97 | $0.03 | $2.58 | $2.26 |
| Shares outstanding (diluted) | 904.6 | 911.7 | 912.5 | 935.7 | 1,033.7 | 1,052.0 | 1,061.8 | 1,065.7 |
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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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