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 | 48,704.0 | 41,518.0 | 39,121.0 | 42,294.0 | 40,122.0 | 39,807.0 | 39,498.0 | 42,237.0 |
| Revenue growth | 17.3% | 6.1% | -7.5% | 5.4% | 0.8% | 0.8% | -6.5% | -4.1% |
| Cost of goods sold | 13,626.0 | 13,618.0 | 12,016.0 | 13,509.0 | 12,912.0 | 14,030.0 | 14,934.0 | 16,768.0 |
| Gross profit | 35,078.0 | 27,900.0 | 27,105.0 | 28,785.0 | 27,210.0 | 25,777.0 | 24,564.0 | 25,469.0 |
| Gross margin | 72.0% | 67.2% | 69.3% | 68.1% | 67.8% | 64.8% | 62.2% | 60.3% |
| Selling, general and administrative | 9,634.0 | 8,955.0 | 9,455.0 | 10,102.0 | 10,074.0 | 10,017.0 | 10,313.0 | 11,606.0 |
| Research and development | 12,245.0 | 13,397.0 | 9,724.0 | 9,752.0 | 10,339.0 | 10,261.0 | 6,704.0 | 7,180.0 |
| EBITA | 15,614.0 | 8,187.0 | 10,462.0 | 12,811.0 | 7,520.0 | 6,185.0 | 8,200.0 | 10,661.0 |
| EBITA margin | 32.1% | 19.7% | 26.7% | 30.3% | 18.7% | 15.5% | 20.8% | 25.2% |
| Amortization of intangibles | 1,636.0 | 1,817.0 | 1,695.0 | 3,103.0 | | | | |
| EBIT | 13,978.0 | 6,370.0 | 8,767.0 | 9,708.0 | 7,520.0 | 6,185.0 | 8,200.0 | 10,661.0 |
| EBIT margin | 28.7% | 15.3% | 22.4% | 23.0% | 18.7% | 15.5% | 20.8% | 25.2% |
| Pre-tax income | 13,879.0 | 5,863.0 | 7,171.0 | 8,701.0 | 6,521.0 | 4,659.0 | 5,401.0 | 17,283.0 |
| Income taxes | 1,521.0 | 1,340.0 | 1,565.0 | 2,508.0 | 4,103.0 | 718.0 | 942.0 | 5,349.0 |
| Tax rate | 11.0% | 22.9% | 21.8% | 28.8% | 62.9% | 15.4% | 17.4% | 30.9% |
| Earnings from continuing ops | 12,358.0 | 4,523.0 | 5,606.0 | 6,220.0 | 2,394.0 | 3,920.0 | 4,442.0 | 11,920.0 |
| Earnings from discontinued ops | 0.0 | 0.0 | 0.0 | | | | | |
| Net income | 12,358.0 | 4,523.0 | 5,606.0 | 6,220.0 | 2,394.0 | 3,920.0 | 4,442.0 | 11,920.0 |
| Net margin | 25.4% | 10.9% | 14.3% | 14.7% | 6.0% | 9.8% | 11.2% | 28.2% |
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| Diluted EPS | $4.87 | $1.78 | $2.17 | $2.32 | $0.87 | $1.41 | $1.56 | $4.07 |
| Shares outstanding (diluted) | 2,538.0 | 2,541.0 | 2,580.0 | 2,679.0 | 2,748.0 | 2,787.0 | 2,841.0 | 2,928.0 |
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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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