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 | 9,795.0 | 10,420.0 | 8,894.0 | 7,429.0 | 8,650.0 | 9,927.0 | 9,298.0 | 8,592.0 |
| Revenue growth | -6.0% | 17.2% | 19.7% | -14.1% | -12.9% | 6.8% | 8.2% | -2.3% |
| Cost of goods sold | 2,680.0 | 2,650.0 | 1,797.0 | 1,585.0 | 2,023.0 | 2,221.0 | 2,004.0 | 1,771.0 |
| Gross profit | 7,115.0 | 7,770.0 | 7,097.0 | 5,844.0 | 6,627.0 | 7,706.0 | 7,294.0 | 6,821.0 |
| Gross margin | 72.6% | 74.6% | 79.8% | 78.7% | 76.6% | 77.6% | 78.4% | 79.4% |
| Sales and marketing | 2,136.0 | 2,170.0 | 2,091.0 | 1,866.0 | 2,576.0 | 2,878.0 | 2,691.0 | 2,267.0 |
| Research and development | 1,330.0 | 1,325.0 | 1,028.0 | 930.0 | 1,051.0 | 1,224.0 | 1,114.0 | 923.0 |
| General and administrative | 963.0 | 921.0 | 985.0 | 988.0 | 979.0 | 1,030.0 | 899.0 | 1,122.0 |
| EBITA | 2,359.0 | 2,932.0 | 2,664.0 | 1,805.0 | 1,786.0 | 2,328.0 | 2,381.0 | 2,263.0 |
| EBITA margin | 24.1% | 28.1% | 30.0% | 24.3% | 20.6% | 23.5% | 25.6% | 26.3% |
| Amortization of intangibles | 9.0 | 9.0 | 28.0 | 35.0 | 34.0 | 64.0 | 56.0 | 66.0 |
| EBIT | 2,350.0 | 2,923.0 | 2,636.0 | 1,770.0 | 1,752.0 | 2,264.0 | 2,325.0 | 2,197.0 |
| EBIT margin | 24.0% | 28.1% | 29.6% | 23.8% | 20.3% | 22.8% | 25.0% | 25.6% |
| Pre-tax income | -1,601.0 | 398.0 | 3,345.0 | 1,652.0 | 2,249.0 | 2,275.0 | 3,651.0 | 2,406.0 |
| Income taxes | -327.0 | 146.0 | 858.0 | 219.0 | 121.0 | 3,288.0 | -3,634.0 | 459.0 |
| Tax rate | 20.4% | 36.7% | 25.7% | 13.3% | 5.4% | 144.5% | | 19.1% |
| Earnings from continuing ops | -1,274.0 | 252.0 | 2,487.0 | 1,433.0 | 2,128.0 | -1,013.0 | 7,285.0 | 1,947.0 |
| Earnings from discontinued ops | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | | 0.0 | 0.0 |
| Net income | -1,269.0 | 13,608.0 | 5,667.0 | 1,786.0 | 2,530.0 | -1,017.0 | 7,266.0 | 1,725.0 |
| Net margin | -13.0% | 130.6% | 63.7% | 24.0% | 29.2% | -10.2% | 78.1% | 20.1% |
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| Diluted EPS | ($2.28) | $0.38 | $3.46 | $1.67 | $2.15 | ($0.95) | $6.37 | $1.60 |
| Shares outstanding (diluted) | 558.0 | 663.0 | 718.0 | 856.0 | 991.0 | 1,064.0 | 1,144.0 | 1,220.0 |
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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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