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 | 28,074.0 | 24,021.0 | 19,811.0 | 23,571.0 | 23,771.0 | 20,428.0 | 17,509.0 | 19,110.0 |
| Revenue growth | 16.9% | 21.3% | -16.0% | -0.8% | 16.4% | 16.7% | -8.4% | -0.6% |
| Cost of goods sold | 21,355.0 | 18,326.0 | 14,917.0 | 17,591.0 | 18,034.0 | 15,328.0 | 13,051.0 | 14,163.0 |
| Gross profit | 6,719.0 | 5,695.0 | 4,894.0 | 5,980.0 | 5,737.0 | 5,100.0 | 4,458.0 | 4,947.0 |
| Gross margin | 23.9% | 23.7% | 24.7% | 25.4% | 24.1% | 25.0% | 25.5% | 25.9% |
| Selling, general and administrative | 2,687.0 | 2,374.0 | 2,125.0 | 2,454.0 | 2,437.0 | 2,429.0 | 2,099.0 | 2,092.0 |
| Research and development | 1,278.0 | 1,090.0 | 906.0 | 1,001.0 | 902.0 | 754.0 | 637.0 | 735.0 |
| EBITA | 3,501.0 | 3,356.0 | 2,886.0 | 3,324.0 | 3,333.0 | 2,803.0 | 2,411.0 | 2,823.0 |
| EBITA margin | 12.5% | 14.0% | 14.6% | 14.1% | 14.0% | 13.7% | 13.8% | 14.8% |
| Amortization of intangibles | 223.0 | 144.0 | 165.0 | 175.0 | 153.0 | 112.0 | 92.0 | 90.0 |
| EBIT | 3,278.0 | 3,212.0 | 2,721.0 | 3,149.0 | 3,180.0 | 2,691.0 | 2,319.0 | 2,733.0 |
| EBIT margin | 11.7% | 13.4% | 13.7% | 13.4% | 13.4% | 13.2% | 13.2% | 14.3% |
| Pre-tax income | 2,819.0 | 2,751.0 | 2,338.0 | 2,834.0 | 2,753.0 | 2,365.0 | 1,930.0 | 2,025.0 |
| Income taxes | 636.0 | 587.0 | 527.0 | 566.0 | 566.0 | 1,371.0 | 474.0 | 555.0 |
| Tax rate | 22.6% | 21.3% | 22.5% | 20.0% | 20.6% | 58.0% | 24.6% | 27.4% |
| Net income | 2,151.0 | 2,131.0 | 1,789.0 | 2,260.0 | 2,141.0 | 999.0 | 1,394.0 | 1,399.0 |
| Net margin | 7.7% | 8.9% | 9.0% | 9.6% | 9.0% | 4.9% | 8.0% | 7.3% |
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| Diluted EPS | $15.12 | $14.61 | $12.01 | $14.48 | $13.15 | $5.97 | $8.23 | $7.84 |
| Shares outstanding (diluted) | 142.3 | 145.9 | 149.0 | 156.1 | 162.8 | 167.3 | 169.3 | 178.4 |
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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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