Financial Summary (All financials)
| In millions, except per share items | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 |
| Revenues | 2,809.0 | 2,761.0 | 2,808.0 | 4,381.0 | 4,437.0 | 4,806.0 | 5,401.0 | 4,901.0 |
| Revenue growth | 1.7% | -1.7% | -35.9% | -1.3% | -7.7% | -11.0% | 10.2% | 13.4% |
| Cost of goods sold | 1,098.0 | 1,045.0 | 1,082.0 | 1,791.0 | 1,895.0 | 2,249.0 | 2,601.0 | 2,268.0 |
| Gross profit | 1,711.0 | 1,716.0 | 1,726.0 | 2,590.0 | 2,542.0 | 2,557.0 | 2,800.0 | 2,633.0 |
| Gross margin | 60.9% | 62.2% | 61.5% | 59.1% | 57.3% | 53.2% | 51.8% | 53.7% |
| Selling, general and administrative | 667.0 | 634.0 | 643.0 | 1,084.0 | 1,057.0 | 992.0 | 1,113.0 | 1,043.0 |
| Research and development | | | | | | | 309.0 | 271.0 |
| EBITA | 561.0 | 586.0 | 565.0 | 821.0 | 409.0 | 440.0 | 1,104.0 | 1,068.0 |
| EBITA margin | 20.0% | 21.2% | 20.1% | 18.7% | 9.2% | 9.2% | 20.4% | 21.8% |
| Amortization of intangibles | 136.0 | 182.0 | 217.0 | 432.0 | | | 472.0 | 438.0 |
| EBIT | 425.0 | 404.0 | 348.0 | 389.0 | 409.0 | 440.0 | 632.0 | 630.0 |
| EBIT margin | 15.1% | 14.6% | 12.4% | 8.9% | 9.2% | 9.2% | 11.7% | 12.9% |
| Pre-tax income | -265.0 | 71.0 | -92.0 | -182.0 | -483.0 | -1,301.0 | -41.0 | -63.0 |
| Income taxes | -57.0 | 26.0 | -49.0 | -116.0 | -69.0 | -117.0 | 51.0 | -3.0 |
| Tax rate | 21.5% | 36.6% | 53.3% | 63.7% | 14.3% | 9.0% | | 4.8% |
| Earnings from continuing ops | -382.0 | -124.0 | -294.0 | -291.0 | -605.0 | -2,548.0 | -249.0 | -199.0 |
| Earnings from discontinued ops | -14.0 | 17.0 | -23.0 | -85.0 | -156.0 | 67.0 | -150.0 | |
| Net income | -396.0 | -107.0 | -317.0 | -376.0 | -761.0 | -2,481.0 | -399.0 | -199.0 |
| Net margin | -14.1% | -3.9% | -11.3% | -8.6% | -17.2% | -51.6% | -7.4% | -4.1% |
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| Diluted EPS | | | ($1,086.91) | ($1,324.15) | ($765.27) | | | |
| Shares outstanding (diluted) | | | 0.3 | 0.2 | 0.8 | | | |
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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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