Financial Summary (All financials)
| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| Revenues | 2,417.9 | 1,987.5 | 2,072.6 | 1,895.6 | 1,765.9 | 1,611.3 | 1,623.8 | 1,808.9 |
| Revenue growth | 21.7% | -4.1% | 9.3% | 7.3% | 9.6% | -0.8% | -10.2% | -1.7% |
| Cost of goods sold | 1,208.3 | 1,047.7 | 1,077.3 | 995.6 | 949.9 | 866.0 | 1,833.6 | 2,094.5 |
| Gross profit | 1,209.6 | 939.8 | 995.3 | 900.0 | 816.0 | 745.3 | -209.8 | -285.6 |
| Gross margin | 50.0% | 47.3% | 48.0% | 47.5% | 46.2% | 46.3% | -12.9% | -15.8% |
| Selling, general and administrative | 1,125.2 | 939.7 | 1,004.1 | 894.2 | 834.6 | 785.8 | 793.3 | 906.0 |
| Research and development | 220.8 | 198.0 | 187.7 | 173.4 | 161.6 | 147.9 | 145.7 | 174.2 |
| General and administrative | 2.8 | 2.5 | 3.7 | 4.8 | 4.2 | 6.2 | 8.9 | 4.0 |
| EBITA | 465.0 | 309.0 | 345.7 | 310.8 | 269.0 | 229.3 | 191.8 | 161.5 |
| EBITA margin | 19.2% | 15.5% | 16.7% | 16.4% | 15.2% | 14.2% | 11.8% | 8.9% |
| Amortization of intangibles | 37.4 | 35.8 | 38.3 | 28.9 | 29.6 | 21.7 | 20.7 | 20.2 |
| EBIT | 427.6 | 273.2 | 307.4 | 281.9 | 239.4 | 207.6 | 171.1 | 141.3 |
| EBIT margin | 17.7% | 13.7% | 14.8% | 14.9% | 13.6% | 12.9% | 10.5% | 7.8% |
| Pre-tax income | 393.6 | 225.8 | 280.4 | 244.7 | 197.8 | 177.6 | 128.0 | 101.3 |
| Income taxes | 113.0 | 64.4 | 82.4 | 63.7 | 117.5 | 23.1 | 23.1 | 41.7 |
| Tax rate | 28.7% | 28.5% | 29.4% | 26.0% | 59.4% | 13.0% | 18.0% | 41.2% |
| Net income | 277.1 | 157.8 | 197.2 | 179.7 | 78.6 | 153.6 | 101.6 | 56.7 |
| Net margin | 11.5% | 7.9% | 9.5% | 9.5% | 4.5% | 9.5% | 6.3% | 3.1% |
| |
| Diluted EPS | $1.81 | $1.02 | $1.26 | $1.14 | $0.49 | $0.95 | $0.60 | $0.33 |
| Shares outstanding (diluted) | 152.9 | 154.6 | 156.6 | 157.2 | 159.1 | 162.2 | 169.1 | 169.5 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|