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 | 5,755.1 | 5,336.3 | 4,054.4 | 5,361.8 | 5,716.9 | 5,647.2 | 5,996.5 | 5,995.4 |
| Revenue growth | 7.8% | 31.6% | -24.4% | -6.2% | 1.2% | -5.8% | 0.0% | -3.7% |
| Cost of goods sold | 3,403.7 | 3,243.3 | 2,435.7 | 3,229.8 | 3,351.8 | 3,272.3 | 3,426.0 | 3,356.3 |
| Gross profit | 2,351.4 | 2,093.0 | 1,618.6 | 2,132.0 | 2,365.1 | 2,374.9 | 2,570.5 | 2,639.1 |
| Gross margin | 40.9% | 39.2% | 39.9% | 39.8% | 41.4% | 42.1% | 42.9% | 44.0% |
| Selling, general and administrative | 1,079.9 | 1,048.2 | 1,050.6 | 1,199.1 | 1,258.1 | 1,180.2 | 1,213.8 | 1,220.1 |
| EBITA | 909.5 | 827.3 | 140.8 | 588.0 | 806.9 | 882.1 | 1,046.3 | 1,158.5 |
| EBITA margin | 15.8% | 15.5% | 3.5% | 11.0% | 14.1% | 15.6% | 17.4% | 19.3% |
| Amortization of intangibles | 0.8 | 0.4 | 1.1 | | | | | 2.8 |
| EBIT | 908.7 | 826.9 | 139.7 | 588.0 | 806.9 | 882.1 | 1,046.3 | 1,155.7 |
| EBIT margin | 15.8% | 15.5% | 3.4% | 11.0% | 14.1% | 15.6% | 17.4% | 19.3% |
| Pre-tax income | 931.2 | 819.2 | -15.7 | 557.4 | 686.6 | 863.8 | 1,023.9 | 1,150.2 |
| Income taxes | 192.0 | 169.2 | -17.0 | 133.8 | 155.2 | 342.1 | 331.7 | 398.0 |
| Tax rate | 20.6% | 20.7% | 108.3% | 24.0% | 22.6% | 39.6% | 32.4% | 34.6% |
| Net income | 741.4 | 650.0 | 1.3 | 423.6 | 531.5 | 521.8 | 692.2 | 752.2 |
| Net margin | 12.9% | 12.2% | 0.0% | 7.9% | 9.3% | 9.2% | 11.5% | 12.5% |
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| Diluted EPS | $4.96 | $4.19 | $0.01 | $2.68 | $3.19 | $3.02 | $3.83 | $3.69 |
| Shares outstanding (diluted) | 149.4 | 155.0 | 153.9 | 157.8 | 166.5 | 172.9 | 180.5 | 203.7 |
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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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