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 | 1,823.4 | 2,027.2 | 1,811.4 | 1,672.2 | 1,064.0 | 940.6 | 800.7 | 795.0 |
| Revenue growth | -10.1% | 11.9% | 8.3% | 57.2% | 13.1% | 17.5% | 0.7% | 22.3% |
| Cost of goods sold | 270.4 | 258.3 | 282.5 | 278.2 | 252.3 | 213.3 | 184.0 | 159.0 |
| Gross profit | 1,553.1 | 1,768.9 | 1,528.9 | 1,394.0 | 811.6 | 727.2 | 616.8 | 636.1 |
| Gross margin | 85.2% | 87.3% | 84.4% | 83.4% | 76.3% | 77.3% | 77.0% | 80.0% |
| Selling, general and administrative | 335.5 | 549.6 | 264.5 | 574.3 | 557.0 | 0.0 | 0.0 | 349.1 |
| EBITA | 966.2 | 2,090.0 | 1,468.1 | 761.6 | 561.3 | 727.2 | 616.8 | 293.8 |
| EBITA margin | 53.0% | 103.1% | 81.0% | 45.5% | 52.8% | 77.3% | 77.0% | 37.0% |
| Amortization of intangibles | 7.8 | | | | | | | 1.5 |
| EBIT | 958.5 | 2,090.0 | 1,468.1 | 761.6 | 561.3 | 727.2 | 616.8 | 292.4 |
| EBIT margin | 52.6% | 103.1% | 81.0% | 45.5% | 52.8% | 77.3% | 77.0% | 36.8% |
| Pre-tax income | 630.7 | 1,540.3 | 1,154.0 | 743.7 | 559.3 | 491.5 | 414.4 | 439.1 |
| Income taxes | 161.7 | 379.8 | 273.3 | 165.5 | 71.9 | 202.5 | 164.1 | 164.8 |
| Tax rate | 25.6% | 24.7% | 23.7% | 22.2% | 12.8% | 41.2% | 39.6% | 37.5% |
| Net income | 460.0 | 1,155.8 | 871.0 | 561.4 | 471.8 | 273.2 | 229.1 | 254.7 |
| Net margin | 25.2% | 57.0% | 48.1% | 33.6% | 44.3% | 29.0% | 28.6% | 32.0% |
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| Diluted EPS | $1.76 | $3.61 | $2.25 | $1.30 | $1.07 | $0.62 | $0.53 | $0.59 |
| Shares outstanding (diluted) | 261.5 | 319.9 | 387.2 | 430.7 | 439.7 | 438.6 | 432.9 | 432.2 |
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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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