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 | 6,591.9 | 4,810.3 | 3,969.9 | 4,484.6 | 4,479.5 | 3,750.8 | 3,425.2 | 3,543.2 |
| Revenue growth | 37.0% | 21.2% | -11.5% | 0.1% | 19.4% | 9.5% | -3.3% | 10.6% |
| Cost of goods sold | 4,434.5 | 3,495.6 | 2,832.5 | 3,178.5 | 3,304.8 | 2,702.5 | 2,338.8 | 2,536.5 |
| Gross profit | 2,157.4 | 1,314.7 | 1,137.4 | 1,306.1 | 1,174.7 | 1,048.3 | 1,086.4 | 1,006.7 |
| Gross margin | 32.7% | 27.3% | 28.7% | 29.1% | 26.2% | 27.9% | 31.7% | 28.4% |
| Selling, general and administrative | 811.5 | 698.2 | 603.2 | 629.8 | 625.4 | 532.9 | 495.4 | 461.9 |
| Research and development | 50.8 | 49.9 | 45.4 | 52.2 | 55.1 | 51.3 | 45.4 | 42.8 |
| EBITA | 1,430.3 | 701.6 | 614.6 | 751.1 | 613.2 | 548.2 | 608.4 | 559.1 |
| EBITA margin | 21.7% | 14.6% | 15.5% | 16.7% | 13.7% | 14.6% | 17.8% | 15.8% |
| Amortization of intangibles | 154.6 | 134.1 | 126.8 | 117.0 | 104.2 | 84.2 | 62.7 | 55.8 |
| EBIT | 1,275.7 | 567.5 | 487.8 | 634.1 | 509.0 | 464.0 | 545.7 | 503.3 |
| EBIT margin | 19.4% | 11.8% | 12.3% | 14.1% | 11.4% | 12.4% | 15.9% | 14.2% |
| Pre-tax income | 1,195.6 | 482.5 | 404.2 | 575.1 | 445.9 | 429.0 | 379.2 | 467.9 |
| Income taxes | 270.4 | 95.5 | 78.5 | 117.3 | 87.3 | 88.4 | 148.1 | 148.3 |
| Tax rate | 22.6% | 19.8% | 19.4% | 20.4% | 19.6% | 20.6% | 39.1% | 31.7% |
| Net income | 924.0 | 421.7 | 320.1 | 472.8 | 611.1 | 365.5 | 250.1 | 319.7 |
| Net margin | 14.0% | 8.8% | 8.1% | 10.5% | 13.6% | 9.7% | 7.3% | 9.0% |
| |
| Diluted EPS | $17.62 | $7.27 | $5.92 | $7.96 | $5.90 | $5.36 | $3.56 | $4.86 |
| Shares outstanding (diluted) | 52.5 | 53.2 | 55.0 | 57.5 | 60.8 | 63.6 | 64.9 | 65.8 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|