Income Statement
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Total Revenues

15,146

13,834

16,802

17,652

18,246

18,099

Total Revenues % Chg.

-1.5%

-8.7%

21.5%

5.1%

3.4%

1.1%

Cost of Goods Sold, Total

8,619

7,743

10,245

11,053

10,699

10,416

Gross Profit

6,527

6,091

6,557

6,599

7,547

7,683

Selling General & Admin Expenses, Total

3,621

3,414

3,806

3,875

4,307

4,386

R&D Expenses

432

379

439

448

433

439

Depreciation & Amortization

375

371

389

388

391

407

Amortization of Goodwill and Intangible Assets

136

138

172

166

167

160

Other Operating Expenses

141

Other Operating Expenses, Total

4,705

4,302

4,806

4,877

5,298

5,392

Operating Income

1,822

1,789

1,751

1,722

2,249

2,291

Interest Expense, Total

-132

-138

-121

-167

-247

-238

Interest And Investment Income

32

23

26

54

140

170

Net Interest Expenses

-100

-115

-95

-113

-107

-68

Income (Loss) On Equity Invest.

11

8

15

25

21

21

Currency Exchange Gains (Loss)

55

30

1

Other Non Operating Income (Expenses)

71

-79

47

21

-40

-71

EBT, Excl. Unusual Items

1,859

1,633

1,718

1,655

2,123

2,174

Restructuring Charges

-176

-174

3

-33

2

2

Merger & Related Restructuring Charges

-17

-9

Impairment of Goodwill

-158

-158

Gain (Loss) On Sale Of Investments

Gain (Loss) On Sale Of Assets

7

5

10

4

-23

-23

Asset Writedown

-93

-21

-245

-2

-2

Insurance Settlements

16

7

Legal Settlements

22

Other Unusual Items

-12

83

-210

-20

EBT, Incl. Unusual Items

1,661

1,362

1,815

1,381

1,748

1,980

Income Tax Expense

392

291

374

325

439

495

Earnings From Continuing Operations

1,269

1,071

1,441

1,056

1,309

1,485

Earnings Of Discontinued Operations

3

19

-2

Minority Interest

-26

-15

-21

-28

-39

-41

Net Income

1,243

1,059

1,439

1,026

1,270

1,444

Net Income to Common Incl Extra Items

1,243

1,059

1,439

1,026

1,270

1,444

Net Income to Common Excl. Extra Items

1,243

1,056

1,420

1,028

1,270

1,444

Total Shares Outstanding

235.7

236.7

235.9

235.1

235.2

233.3

Weighted Avg. Shares Outstanding

236.9

236.8

237.6

236.1

236

235.6

Weighted Avg. Shares Outstanding Dil

238.2

237.9

239.4

237.3

237.2

236.8

EPS

5.2

4.5

6.1

4.3

5.4

6.1

EPS Diluted

5.2

4.5

6

4.3

5.4

6.1

EBITDA

2,333

2,298

2,312

2,276

2,807

2,858

Effective Tax Rate

23.6%

21.4%

20.6%

23.5%

25.1%

25%