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 | 8,726.0 | 8,826.0 | 8,554.0 | 8,286.0 | 8,413.0 | 8,202.0 | 7,887.0 | 3,829.0 |
| Revenue growth | -1.1% | 3.2% | 3.2% | -1.5% | 2.6% | 4.0% | 106.0% | 0.7% |
| Cost of goods sold | 5,377.0 | 5,622.0 | 5,619.0 | 4,929.0 | 6,760.0 | 6,501.0 | 6,400.0 | 3,021.0 |
| Gross profit | 3,349.0 | 3,204.0 | 2,935.0 | 3,357.0 | 1,653.0 | 1,701.0 | 1,487.0 | 808.0 |
| Gross margin | 38.4% | 36.3% | 34.3% | 40.5% | 19.6% | 20.7% | 18.9% | 21.1% |
| Selling, general and administrative | 2,311.0 | 1,174.0 | 2,137.0 | 2,387.0 | 944.0 | 1,185.0 | 7,539.0 | 3,402.0 |
| EBITA | 974.0 | 2,323.0 | 848.0 | 895.0 | 1,545.0 | 1,498.0 | 1,309.0 | 724.0 |
| EBITA margin | 11.2% | 26.3% | 9.9% | 10.8% | 18.4% | 18.3% | 16.6% | 18.9% |
| Amortization of intangibles | | | | | 534.0 | 581.0 | 591.0 | 76.0 |
| EBIT | 974.0 | 2,323.0 | 848.0 | 895.0 | 1,011.0 | 917.0 | 718.0 | 648.0 |
| EBIT margin | 11.2% | 26.3% | 9.9% | 10.8% | 12.0% | 11.2% | 9.1% | 16.9% |
| Pre-tax income | 1,258.0 | 2,692.0 | 1,011.0 | 1,046.0 | 851.0 | 492.0 | 342.0 | 340.0 |
| Income taxes | 194.0 | 536.0 | 249.0 | 197.0 | 136.0 | -100.0 | -96.0 | -33.0 |
| Tax rate | 15.4% | 19.9% | 24.6% | 18.8% | 16.0% | | | |
| Earnings from continuing ops | 1,049.0 | 2,142.0 | 738.0 | 820.0 | 695.0 | 568.0 | 420.0 | 373.0 |
| Earnings from discontinued ops | -40.0 | 2,080.0 | 258.0 | 224.0 | | | | |
| Net income | 1,009.0 | 4,222.0 | 996.0 | 1,044.0 | 695.0 | 568.0 | 420.0 | 373.0 |
| Net margin | 11.6% | 47.8% | 11.6% | 12.6% | 8.3% | 6.9% | 5.3% | 9.7% |
| |
| Diluted EPS | $9.37 | $16.60 | $5.68 | $6.31 | $5.27 | $4.18 | $3.04 | $5.41 |
| Shares outstanding (diluted) | 112.0 | 129.0 | 130.0 | 130.0 | 132.0 | 136.0 | 138.0 | 69.0 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|