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 | 97,287.0 | 84,628.0 | 74,094.0 | 71,861.0 | 66,585.0 | 61,610.0 | 58,363.0 | 58,232.0 |
| Revenue growth | 15.0% | 14.2% | 3.1% | 7.9% | 8.1% | 5.6% | 0.2% | 5.0% |
| Cost of goods sold | 79,081.0 | 71,881.0 | 62,098.0 | 47,489.0 | 78,054.0 | 40,308.0 | 47,589.0 | 41,837.0 |
| Gross profit | 18,206.0 | 12,747.0 | 11,996.0 | 24,372.0 | -11,469.0 | 21,302.0 | 10,774.0 | 16,395.0 |
| Gross margin | 18.7% | 15.1% | 16.2% | 33.9% | -17.2% | 34.6% | 18.5% | 28.2% |
| Selling, general and administrative | 2,953.0 | 2,698.0 | 2,360.0 | 2,207.0 | 2,282.0 | 2,224.0 | 2,084.0 | 1,923.0 |
| EBITA | 13,285.0 | 8,100.0 | 8,175.0 | 7,363.0 | 7,816.0 | 8,009.0 | 7,929.0 | 5,163.0 |
| EBITA margin | 13.7% | 9.6% | 11.0% | 10.2% | 11.7% | 13.0% | 13.6% | 8.9% |
| Amortization of intangibles | 475.0 | 416.0 | 377.0 | 339.0 | 287.0 | 321.0 | 261.0 | 195.0 |
| EBIT | 12,810.0 | 7,684.0 | 7,798.0 | 7,024.0 | 7,529.0 | 7,688.0 | 7,668.0 | 4,968.0 |
| EBIT margin | 13.2% | 9.1% | 10.5% | 9.8% | 11.3% | 12.5% | 13.1% | 8.5% |
| Pre-tax income | 16,595.0 | 1,844.0 | 5,652.0 | 6,019.0 | 7,137.0 | 5,121.0 | 7,342.0 | 4,637.0 |
| Income taxes | 3,705.0 | 501.0 | 1,212.0 | 1,228.0 | 2,232.0 | 1,699.0 | 2,498.0 | 1,605.0 |
| Tax rate | 22.3% | 27.2% | 21.4% | 20.4% | 31.3% | 33.2% | 34.0% | 34.6% |
| Net income | 12,890.0 | 1,343.0 | 4,440.0 | 4,791.0 | 4,905.0 | 3,422.0 | 4,844.0 | 3,032.0 |
| Net margin | 13.2% | 1.6% | 6.0% | 6.7% | 7.4% | 5.6% | 8.3% | 5.2% |
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| Diluted EPS | $14.68 | $1.54 | $5.11 | $5.51 | $5.61 | $3.86 | $5.35 | $3.28 |
| Shares outstanding (diluted) | 878.0 | 871.0 | 869.0 | 870.0 | 875.0 | 887.0 | 906.0 | 924.0 |
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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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