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 | 8,478.0 | 7,730.3 | 6,658.2 | 6,964.3 | 7,014.6 | 6,444.9 | -3,226.8 | 5,741.7 |
| Revenue growth | 9.7% | 16.1% | -4.4% | -0.7% | 8.8% | -299.7% | -156.2% | -1.9% |
| Cost of goods sold | 6,387.4 | 5,857.3 | 5,288.8 | 5,320.3 | 5,369.3 | 4,974.1 | -4,502.9 | 4,533.7 |
| Gross profit | 2,090.6 | 1,873.0 | 1,369.4 | 1,644.0 | 1,645.3 | 1,470.8 | 1,276.1 | 1,208.0 |
| Gross margin | 24.7% | 24.2% | 20.6% | 23.6% | 23.5% | 22.8% | -39.5% | 21.0% |
| Selling, general and administrative | 0.0 | 0.0 | 0.0 | 0.0 | 536.4 | 519.9 | 468.5 | 451.3 |
| EBITA | 1,489.5 | 1,296.0 | 772.6 | 1,069.6 | 1,108.2 | 968.2 | 809.9 | 772.7 |
| EBITA margin | 17.6% | 16.8% | 11.6% | 15.4% | 15.8% | 15.0% | -25.1% | 13.5% |
| Amortization of intangibles | 39.1 | 37.7 | 42.9 | 38.6 | 40.5 | 35.7 | 26.6 | 22.7 |
| EBIT | 1,450.4 | 1,258.3 | 729.7 | 1,031.0 | 1,067.7 | 932.5 | 783.3 | 750.0 |
| EBIT margin | 17.1% | 16.3% | 11.0% | 14.8% | 15.2% | 14.5% | -24.3% | 13.1% |
| Pre-tax income | 1,364.8 | 1,108.7 | 632.7 | 917.0 | 970.5 | 828.6 | 688.5 | 664.5 |
| Income taxes | 335.0 | 267.6 | 171.7 | 220.6 | 232.5 | 160.0 | 238.9 | 227.7 |
| Tax rate | 24.5% | 24.1% | 27.1% | 24.1% | 24.0% | 19.3% | 34.7% | 34.3% |
| Net income | 1,029.8 | 841.1 | 461.0 | 696.4 | 738.0 | 668.6 | 449.6 | 436.8 |
| Net margin | 12.1% | 10.9% | 6.9% | 10.0% | 10.5% | 10.4% | -13.9% | 7.6% |
| |
| Diluted EPS | $11.11 | $8.90 | $4.88 | $7.40 | $7.86 | $7.14 | $4.80 | $4.52 |
| Shares outstanding (diluted) | 92.7 | 94.5 | 94.4 | 94.1 | 93.9 | 93.7 | 93.7 | 96.7 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|