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 | 12,106 | 14,044 | 14,177 | 13,458 | 14,070 | 10,404 | 10,647 | 9,989 |
| Revenue growth | -13.8% | -0.9% | 5.3% | -4.3% | 35.2% | -2.3% | 6.6% | -4.9% |
| Cost of goods sold | 835 | 875 | 867 | 844 | 970 | 659 | 7,615 | 7,092 |
| Gross profit | 11,271 | 13,169 | 13,310 | 12,614 | 13,100 | 9,745 | 3,032 | 2,897 |
| Gross margin | 93.1% | 93.8% | 93.9% | 93.7% | 93.1% | 93.7% | 28.5% | 29.0% |
| Selling, general and administrative | 1,945 | 1,930 | 1,885 | 1,758 | 1,897 | 1,188 | 1,190 | 1,078 |
| EBITA | 842 | 1,708 | 1,779 | 1,577 | 1,621 | 1,392 | 1,603 | 1,488 |
| EBITA margin | 7.0% | 12.2% | 12.5% | 11.7% | 11.5% | 13.4% | 15.1% | 14.9% |
| Amortization of intangibles | 323 | 352 | 363 | 386 | 426 | 549 | 703 | 550 |
| EBIT | 519 | 1,356 | 1,416 | 1,191 | 1,195 | 843 | 900 | 938 |
| EBIT margin | 4.3% | 9.7% | 10.0% | 8.8% | 8.5% | 8.1% | 8.5% | 9.4% |
| Pre-tax income | -2,308 | 638 | 1,051 | -622 | 883 | 1,050 | 1,091 | 816 |
| Income taxes | 224 | 217 | -203 | -217 | 60 | -985 | 316 | 185 |
| Tax rate | | 34.0% | | 34.9% | 6.8% | | 29.0% | 22.7% |
| Earnings from continuing ops | -2,594 | 340 | 1,196 | -456 | 775 | 1,989 | 736 | 589 |
| Earnings from discontinued ops | | | | | 141 | 452 | 499 | 280 |
| Net income | -2,594 | 340 | 1,196 | -456 | 916 | 2,441 | 1,235 | 869 |
| Net margin | -21.4% | 2.4% | 8.4% | -3.4% | 6.5% | 23.5% | 11.6% | 8.7% |
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| Diluted EPS | ($6.77) | $0.82 | $2.84 | ($1.08) | $1.67 | $4.44 | $1.53 | $0.94 |
| Shares outstanding (diluted) | 383 | 415 | 421 | 424 | 465 | 448 | 481 | 624 |
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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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