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 | 8,326.2 | 6,739.8 | 5,255.0 | 5,517.9 | 5,878.3 | 5,543.1 | 3,906.9 | 3,495.8 |
| Revenue growth | 23.5% | 28.3% | -4.8% | -6.1% | 6.0% | 41.9% | 11.8% | 10.6% |
| Cost of goods sold | 4,249.0 | 4,025.5 | 3,539.2 | 3,544.3 | 3,639.6 | 3,507.5 | 2,606.4 | 2,302.6 |
| Gross profit | 4,077.2 | 2,714.3 | 1,715.8 | 1,973.6 | 2,238.7 | 2,035.6 | 1,300.5 | 1,193.2 |
| Gross margin | 49.0% | 40.3% | 32.7% | 35.8% | 38.1% | 36.7% | 33.3% | 34.1% |
| Sales and marketing | 287.9 | 293.6 | 278.7 | 301.0 | 324.7 | 316.6 | 236.7 | 204.3 |
| Research and development | 600.2 | 655.0 | 642.9 | 640.9 | 650.7 | 594.7 | 446.8 | 396.7 |
| General and administrative | 343.2 | 304.8 | 258.7 | 284.0 | 293.3 | 285.0 | 230.0 | 182.3 |
| EBITA | 2,845.9 | 1,468.8 | 553.0 | 581.6 | 972.4 | 847.2 | 387.5 | 400.8 |
| EBITA margin | 34.2% | 21.8% | 10.5% | 10.5% | 16.5% | 15.3% | 9.9% | 11.5% |
| Amortization of intangibles | 81.2 | 99.0 | 120.3 | 115.2 | 111.7 | 123.8 | 104.8 | 135.7 |
| EBIT | 2,764.7 | 1,369.8 | 432.7 | 466.4 | 860.7 | 723.4 | 282.7 | 265.1 |
| EBIT margin | 33.2% | 20.3% | 8.2% | 8.5% | 14.6% | 13.1% | 7.2% | 7.6% |
| Pre-tax income | 1,445.4 | 1,157.8 | 176.6 | 276.6 | 755.0 | 547.5 | 180.6 | 219.8 |
| Income taxes | -458.4 | 146.6 | -59.8 | 62.7 | 125.1 | -265.5 | -3.9 | 10.8 |
| Tax rate | | 12.7% | | 22.7% | 16.6% | | | 4.9% |
| Net income | 1,903.8 | 1,009.6 | 234.2 | 211.7 | 627.4 | 810.7 | 182.1 | 206.2 |
| Net margin | 22.9% | 15.0% | 4.5% | 3.8% | 10.7% | 14.6% | 4.7% | 5.9% |
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| Diluted EPS | $4.25 | $2.27 | $0.56 | $0.51 | $1.44 | $1.89 | $0.43 | $0.48 |
| Shares outstanding (diluted) | 448.2 | 443.8 | 418.8 | 416.0 | 435.9 | 428.3 | 420.0 | 427.8 |
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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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