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 | 17,539 | 17,435 | 16,444 | 16,244 | 14,916 | 11,983 | 14,995 | 14,702 |
| Revenue growth | 0.6% | 6.0% | 1.2% | 8.9% | 24.5% | -20.1% | 2.0% | 11.9% |
| Cost of goods sold | 15,473 | 15,505 | 14,655 | 14,384 | 12,661 | 10,708 | 13,977 | 13,494 |
| Gross profit | 2,066 | 1,930 | 1,789 | 1,860 | 2,255 | 1,275 | 1,018 | 1,208 |
| Gross margin | 11.8% | 11.1% | 10.9% | 11.5% | 15.1% | 10.6% | 6.8% | 8.2% |
| Selling, general and administrative | 669 | 607 | 594 | 613 | 509 | 484 | 523 | 36 |
| Research and development | | | | | | | | |
| EBITA | 621 | 1,303 | 1,160 | 1,334 | 1,233 | 364 | 364 | 660 |
| EBITA margin | 3.5% | 7.5% | 7.1% | 8.2% | 8.3% | 3.0% | 2.4% | 4.5% |
| Amortization of intangibles | 0 | 0 | 0 | 15 | 22 | 21 | 31 | 36 |
| EBIT | 621 | 1,303 | 1,160 | 1,319 | 1,211 | 343 | 333 | 624 |
| EBIT margin | 3.5% | 7.5% | 7.1% | 8.1% | 8.1% | 2.9% | 2.2% | 4.2% |
| Pre-tax income | 430 | 1,121 | 1,008 | 1,148 | 1,041 | 140 | -638 | 264 |
| Income taxes | 96 | 114 | -33 | -47 | 166 | 67 | 126 | 155 |
| Tax rate | 22.3% | 10.2% | | | 15.9% | 47.9% | | 58.7% |
| Net income | 293 | 970 | 1,008 | 1,157 | 834 | 55 | -779 | 109 |
| Net margin | 1.7% | 5.6% | 6.1% | 7.1% | 5.6% | 0.5% | -5.2% | 0.7% |
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| Diluted EPS | $2.48 | $7.78 | $7.77 | $8.70 | $6.35 | $0.51 | ($7.71) | $1.06 |
| Shares outstanding (diluted) | 118 | 125 | 130 | 133 | 131 | 109 | 101 | 103 |
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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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