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 | 14,017 | 11,036 | 12,415 | 9,619 | 12,069 | 12,460 | 11,763 | 10,043 |
| Revenue growth | 27.0% | -11.1% | 29.1% | -20.3% | -3.1% | 5.9% | 17.1% | |
| Cost of goods sold | 2,199 | 2,109 | 1,700 | 1,890 | 1,810 | 2,069 | 1,509 | 1,585 |
| Gross profit | 11,818 | 8,927 | 10,715 | 7,729 | 10,259 | 10,391 | 10,254 | 8,458 |
| Gross margin | 84.3% | 80.9% | 86.3% | 80.4% | 85.0% | 83.4% | 87.2% | 84.2% |
| Selling, general and administrative | 2,189 | | | | | | | |
| Sales and marketing | | 1,662 | 1,351 | 1,242 | 1,165 | 1,081 | 1,000 | 1,586 |
| General and administrative | | 2,360 | 2,096 | 2,081 | 2,079 | 1,980 | 1,965 | 2,165 |
| EBIT | 9,629 | 313 | -867 | -1,821 | 2,745 | 1,911 | 2,603 | 983 |
| EBIT margin | 68.7% | 2.8% | -7.0% | -18.9% | 22.7% | 15.3% | 22.1% | 9.8% |
| Pre-tax income | 2,525 | -169 | -1,093 | -2,060 | 2,490 | 1,306 | 2,027 | 428 |
| Income taxes | 499 | -145 | -744 | -593 | 301 | -49 | -378 | 222 |
| Tax rate | 19.8% | 85.8% | 68.1% | 28.8% | 12.1% | | | 51.9% |
| Net income | 2,026 | -518 | -701 | -1,764 | 1,855 | 834 | 1,254 | 325 |
| Net margin | 14.5% | -4.7% | -5.6% | -18.3% | 15.4% | 6.7% | 10.7% | 3.2% |
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| Diluted EPS | | ($1.24) | ($1.56) | ($3.57) | $3.33 | $1.49 | $2.24 | $0.58 |
| Shares outstanding (diluted) | | 417 | 450 | 494 | 557 | 561 | 561 | 561 |
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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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