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 | 36,602 | 35,667 | 36,799 | 33,841 | 30,095 | 26,004 | 24,706 | 23,526 |
| Revenue growth | 2.6% | -3.1% | 8.7% | 12.4% | 15.7% | 5.3% | 5.0% | -1.9% |
| Cost of goods sold | 33,001 | 31,996 | 32,734 | 29,872 | 23,304 | 20,074 | 18,798 | 17,884 |
| Gross profit | 3,601 | 3,671 | 4,065 | 3,969 | 6,791 | 5,930 | 5,908 | 5,642 |
| Gross margin | 9.8% | 10.3% | 11.0% | 11.7% | 22.6% | 22.8% | 23.9% | 24.0% |
| General and administrative | 3,873 | 3,597 | 3,413 | 3,290 | 3,011 | 2,712 | 2,632 | 2,566 |
| EBITA | 3,798 | 5,855 | 4,327 | 4,301 | 3,983 | 3,232 | 3,293 | 3,098 |
| EBITA margin | 10.4% | 16.4% | 11.8% | 12.7% | 13.2% | 12.4% | 13.3% | 13.2% |
| Amortization of intangibles | 197 | 204 | 262 | 332 | 203 | 14 | 16 | 22 |
| EBIT | 3,601 | 5,651 | 4,065 | 3,969 | 3,780 | 3,218 | 3,277 | 3,076 |
| EBIT margin | 9.8% | 15.8% | 11.0% | 11.7% | 12.6% | 12.4% | 13.3% | 13.1% |
| Pre-tax income | 5,836 | 8,938 | 3,728 | 2,548 | 3,742 | 4,229 | 2,681 | 2,790 |
| Income taxes | 940 | 1,933 | 539 | 300 | 513 | 1,360 | 638 | 800 |
| Tax rate | 16.1% | 21.6% | 14.5% | 11.8% | 13.7% | 32.2% | 23.8% | 28.7% |
| Net income | 4,896 | 7,005 | 3,189 | 2,248 | 3,229 | 2,869 | 2,043 | 1,990 |
| Net margin | 13.4% | 19.6% | 8.7% | 6.6% | 10.7% | 11.0% | 8.3% | 8.5% |
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| Diluted EPS | $31.47 | $43.54 | $19.03 | $13.22 | $18.49 | $16.34 | $11.32 | $10.39 |
| Shares outstanding (diluted) | 156 | 161 | 168 | 170 | 175 | 176 | 181 | 192 |
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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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