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 | 1,632 | 1,619 | 2,951 | 3,127 | 2,648 | 2,107 | 3,010 | 4,105 |
| Revenue growth | 0.8% | -45.1% | -5.6% | 18.1% | 25.7% | -30.0% | -26.7% | -4.4% |
| Cost of goods sold | 1,275 | 1,327 | 2,365 | 2,497 | 2,147 | 1,762 | 2,508 | 3,286 |
| Gross profit | 357 | 292 | 586 | 630 | 501 | 345 | 502 | 819 |
| Gross margin | 21.9% | 18.0% | 19.9% | 20.1% | 18.9% | 16.4% | 16.7% | 20.0% |
| Selling, general and administrative | 0 | 0 | 0 | 0 | 0 | 567 | 619 | 638 |
| EBITA | 359 | 296 | 605 | 93 | -19 | -201 | -104 | 186 |
| EBITA margin | 22.0% | 18.3% | 20.5% | 3.0% | -0.7% | -9.5% | -3.5% | 4.5% |
| Amortization of intangibles | 2 | 4 | 19 | 20 | 22 | 21 | 13 | 5 |
| EBIT | 357 | 292 | 586 | 73 | -41 | -222 | -117 | 181 |
| EBIT margin | 21.9% | 18.0% | 19.9% | 2.3% | -1.5% | -10.5% | -3.9% | 4.4% |
| Pre-tax income | 12 | -430 | -93 | 58 | -52 | -230 | -518 | 178 |
| Income taxes | 7 | -3 | 4 | 6 | 0 | 4 | -16 | 62 |
| Tax rate | 58.3% | 0.7% | | 10.3% | 0.0% | | 3.1% | 34.8% |
| Net income | 5 | -427 | -97 | 52 | -52 | -234 | -502 | 116 |
| Net margin | 0.3% | -26.4% | -3.3% | 1.7% | -2.0% | -11.1% | -16.7% | 2.8% |
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| Diluted EPS | $0.05 | ($3.90) | ($0.89) | $0.48 | ($0.48) | ($2.18) | ($4.68) | $1.08 |
| Shares outstanding (diluted) | 110 | 109 | 109 | 109 | 108 | 107 | 107 | 108 |
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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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