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 | 26,950.4 | 23,170.1 | 23,274.1 | 20,778.1 | 18,152.5 | 17,369.1 | 10,855.8 | 9,049.9 |
| Revenue growth | 16.3% | -0.4% | 12.0% | 14.5% | 4.5% | 60.0% | 20.0% | 26.0% |
| Cost of goods sold | 21,579.5 | 19,047.6 | 18,689.0 | 16,449.2 | 14,305.1 | 13,420.9 | 7,082.9 | 5,611.3 |
| Gross profit | 5,370.9 | 4,122.5 | 4,585.1 | 4,328.9 | 3,847.4 | 3,948.2 | 3,772.9 | 3,438.7 |
| Gross margin | 19.9% | 17.8% | 19.7% | 20.8% | 21.2% | 22.7% | 34.8% | 38.0% |
| Selling, general and administrative | 4,074.2 | 3,306.2 | 3,436.0 | 3,365.8 | 2,858.7 | 2,780.3 | 2,633.6 | 265.1 |
| EBITA | 2,522.0 | 1,411.7 | 1,736.3 | 1,671.4 | 1,527.6 | 1,225.9 | 1,174.1 | 1,032.1 |
| EBITA margin | 9.4% | 6.1% | 7.5% | 8.0% | 8.4% | 7.1% | 10.8% | 11.4% |
| Amortization of intangibles | 276.5 | 227.1 | 225.7 | 258.7 | 238.7 | 211.7 | 175.3 | 138.1 |
| EBIT | 2,245.5 | 1,184.6 | 1,510.6 | 1,412.7 | 1,288.9 | 1,014.2 | 998.8 | 894.0 |
| EBIT margin | 8.3% | 5.1% | 6.5% | 6.8% | 7.1% | 5.8% | 9.2% | 9.9% |
| Pre-tax income | 2,409.4 | 970.0 | 1,361.3 | 1,379.0 | 1,171.3 | 882.1 | 879.7 | 777.3 |
| Income taxes | 567.5 | 214.1 | 69.9 | 313.1 | 467.8 | 296.9 | 320.9 | 263.8 |
| Tax rate | 23.6% | 22.1% | 5.1% | 22.7% | 39.9% | 33.7% | 36.5% | 33.9% |
| Net income | 1,836.6 | 752.0 | 1,282.4 | 1,063.2 | 697.1 | 573.1 | 547.1 | 484.5 |
| Net margin | 6.8% | 3.2% | 5.5% | 5.1% | 3.8% | 3.3% | 5.0% | 5.4% |
| |
| Diluted EPS | $5.41 | $2.22 | $3.77 | $3.10 | $2.05 | $1.69 | $1.63 | $1.45 |
| Shares outstanding (diluted) | 339.7 | 338.4 | 340.5 | 343.1 | 340.8 | 338.4 | 336.4 | 334.2 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|