Income Statement Information Non-GAAP Reconciliation Three Months Ended December 31, 2022 (unaudited) Acquisition Restructuring / and Intangible Divestitures- Restructuring Litigation- Investment Asset Related -Related Net Related Net Portfolio EU MDR Debt Deferred Tax GAAP Amortization Impairment Charges Charges Charges Net Losses Implementation Extinguishment Expenses Discrete Tax Adjusted* In millions, except per share data Results Expense Charges (Credits) (Credits) (Credits) (Gains) Costs Charges (Benefits) Items Results Net sales $ 3,242 $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — $ 3,242 Cost of products sold 1,011 — — 24 16 — — 13 — — — 957 Gross profit 2,231 — — (24) (16) — — (13) — — — 2,285 Gross margin 68.8 % 70.5 % Selling, general and administrative expenses 1,163 — — 29 6 — — 0 — — — 1,127 SG&A as a percentage of sales 35.9 % 34.8 % Research and development expenses 330 — — 12 — — — 6 — — — 312 R&D as a percentage of sales 10.2 % 9.6 % Royalty expense 13 — — — — — — — — — — 13 Royalty expense as a percentage of sales 0.4 % 0.4 % Amortization expense 199 199 — — — — — — — — — — Intangible asset impairment charges — — — — — — — — — — — — Contingent consideration net expense (benefit) (33) — — (33) — — — — — — — — Restructuring net charges (credits) 6 — — — 6 — — — — — — — Litigation-related net charges (credits) 131 — — — — 131 — — — — — — Losses (gains) on disposal of businesses and assets 22 — — 22 — — — — — — — — 1,830 199 — 29 12 131 — 6 — — — 1,452 Operating Income (loss) 402 (199) — (53) (28) (131) — (19) — — — 833 Operating margin 12.4 % 25.7 % Other income (expense): Interest expense (64) — — — — — — — — — — (64) Other, net 58 — — 44 — — 38 — — — — (23) Income (loss) before taxes 396 (199) — (9) (28) (131) 38 (19) — — — 745 Income tax expense (benefit) 256 (24) (1) 50 (3) (30) 6 (2) 0 42 129 89 Net Income (loss) 140 (175) 1 (59) (25) (101) 32 (17) (0) (42) (129) 656 Preferred stock dividends (14) (14) Net Income (loss) available to common stockholders $ 126 $ (175) $ 1 $ (59) $ (25) $ (101) $ 32 $ (17) $ (0) $ (42) $ (129) $ 642 Net Income (loss) per diluted common share $ 0.09 $ (0.12) $ — $ (0.04) $ (0.02) $ (0.07) $ 0.02 $ (0.01) $ (0.00) $ (0.03) $ (0.09) $ 0.45 Weighted average diluted shares outstanding 1,442.4 1,442.4 1,442.4 1,442.4 1,442.4 1,442.4 1,442.4 1,442.4 1,442.4 1,442.4 1,442.4 1,442.4 For the three months ended December 31, 2022, the effect of assuming the conversion of Mandatory Convertible Preferred Stock (MCPS) into shares of common stock was anti-dilutive, and therefore excluded from the calculation of EPS. Accordingly, GAAP net income and adjusted net income were reduced by cumulative Preferred stock dividends, as presented in our unaudited consolidated statements of operations, for purposes of calculating net income available to common stockholders. 9 Margin rates are based on actual, non-rounded amounts and may not recalculate precisely. Q4 2022 Financial & Operational Highlights | February 1, 2023