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 | 19,639.5 | 16,792.0 | 14,918.5 | 15,561.4 | 16,195.7 | 15,424.9 | 16,380.1 | 16,453.2 |
| Revenue growth | 17.0% | 12.6% | -4.1% | -3.9% | 5.0% | -5.8% | -0.4% | 0.5% |
| Cost of goods sold | 16,156.8 | 13,380.7 | 11,930.8 | 12,969.1 | 13,513.0 | 11,899.9 | 15,216.2 | 13,119.7 |
| Gross profit | 3,482.7 | 3,411.3 | 2,987.7 | 2,592.3 | 2,682.7 | 3,525.0 | 1,163.9 | 3,333.5 |
| Gross margin | 17.7% | 20.3% | 20.0% | 16.7% | 16.6% | 22.9% | 7.1% | 20.3% |
| Selling, general and administrative | | | | | | | | |
| General and administrative | 1,469.8 | 1,407.6 | 1,295.5 | 1,234.5 | 1,142.7 | 1,059.4 | 1,018.0 | 972.6 |
| EBIT | 3,373.3 | 3,503.0 | 3,078.8 | 2,664.4 | 2,755.8 | 3,607.4 | 1,235.1 | 3,398.8 |
| EBIT margin | 17.2% | 20.9% | 20.6% | 17.1% | 17.0% | 23.4% | 7.5% | 20.7% |
| Pre-tax income | 2,309.6 | 2,600.2 | 2,234.3 | 1,903.9 | 2,043.9 | 2,898.6 | 546.8 | 2,688.2 |
| Income taxes | 5.4 | 115.5 | 40.5 | -12.9 | 115.3 | 969.7 | -73.7 | 919.6 |
| Tax rate | 0.2% | 4.4% | 1.8% | | 5.6% | 33.5% | | 34.2% |
| Earnings from continuing ops | 2,307.2 | 2,488.1 | 2,200.1 | 1,921.1 | 1,923.8 | 1,912.6 | 613.4 | 1,763.4 |
| Earnings from discontinued ops | | | | | | | -2.5 | 283.7 |
| Net income | 2,307.2 | 2,488.1 | 2,200.1 | 1,921.1 | 1,923.8 | 1,912.6 | 610.9 | 2,047.1 |
| Net margin | 11.7% | 14.8% | 14.7% | 12.3% | 11.9% | 12.4% | 3.7% | 12.4% |
| |
| Diluted EPS | $4.49 | $4.96 | $4.42 | $3.88 | $3.90 | $3.88 | $1.25 | $3.59 |
| Shares outstanding (diluted) | 513.5 | 501.8 | 497.2 | 495.3 | 493.8 | 492.6 | 491.7 | 490.6 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|