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 |
| Revenues | 16,262.7 | 17,886.3 | 11,946.0 | 11,500.5 | 11,433.9 |
| Revenue growth | -9.1% | 49.7% | 3.9% | 0.6% | |
| Cost of goods sold | 9,765.7 | 12,310.8 | 8,149.3 | 7,602.9 | 7,432.3 |
| Gross profit | 6,497.0 | 5,575.5 | 3,796.7 | 3,897.6 | 4,001.6 |
| Gross margin | 40.0% | 31.2% | 31.8% | 33.9% | 35.0% |
| Selling, general and administrative | 4,179.1 | 4,529.2 | 3,344.6 | 2,563.6 | 2,441.0 |
| Research and development | 662.2 | 681.0 | 512.6 | 639.9 | 704.5 |
| EBITA | 4,545.3 | 3,419.6 | 1,930.3 | 2,198.5 | 2,462.5 |
| EBITA margin | 27.9% | 19.1% | 16.2% | 19.1% | 21.5% |
| Amortization of intangibles | 2,504.6 | 2,702.2 | 1,605.8 | 1,582.7 | 1,606.4 |
| EBIT | 2,040.7 | 717.4 | 324.5 | 615.8 | 856.1 |
| EBIT margin | 12.5% | 4.0% | 2.7% | 5.4% | 7.5% |
| Pre-tax income | 2,813.2 | -664.4 | -721.2 | 154.4 | 298.4 |
| Income taxes | 734.6 | 604.7 | -51.3 | 137.6 | -54.1 |
| Tax rate | 26.1% | | 7.1% | 89.1% | |
| Net income | 2,078.6 | -1,269.1 | -669.9 | 16.8 | 352.5 |
| Net margin | 12.8% | -7.1% | -5.6% | 0.1% | 3.1% |
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| Diluted EPS | $1.71 | ($1.05) | ($1.11) | $0.03 | $0.68 |
| Shares outstanding (diluted) | 1,217.4 | 1,208.8 | 601.2 | 516.5 | 516.5 |
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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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