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 | 4,553.0 | 2,788.0 | 2,310.0 | 2,828.0 | 2,734.0 | 2,233.4 | 1,892.5 | 1,934.8 |
| Revenue growth | 63.3% | 20.7% | -18.3% | 3.4% | 22.4% | 18.0% | -2.2% | -7.2% |
| Cost of goods sold | 2,482.0 | 1,920.0 | 2,007.0 | 2,084.0 | 1,998.0 | 1,829.1 | 1,682.7 | 1,757.8 |
| Gross profit | 2,071.0 | 868.0 | 303.0 | 744.0 | 736.0 | 404.3 | 209.8 | 177.0 |
| Gross margin | 45.5% | 31.1% | 13.1% | 26.3% | 26.9% | 18.1% | 11.1% | 9.1% |
| Selling, general and administrative | 241.0 | 211.0 | 230.0 | 209.0 | 191.0 | 185.1 | 152.8 | 149.5 |
| EBITA | 1,840.0 | 658.0 | 72.0 | 538.0 | 545.0 | 196.6 | -70.0 | -73.2 |
| EBITA margin | 40.4% | 23.6% | 3.1% | 19.0% | 19.9% | 8.8% | -3.7% | -3.8% |
| Amortization of intangibles | 6.0 | 5.0 | | 4.0 | 3.0 | | | |
| EBIT | 1,834.0 | 653.0 | 72.0 | 534.0 | 542.0 | 196.6 | -70.0 | -73.2 |
| EBIT margin | 40.3% | 23.4% | 3.1% | 18.9% | 19.8% | 8.8% | -3.7% | -3.8% |
| Pre-tax income | 1,799.0 | 621.0 | -23.0 | 521.0 | 510.0 | 170.1 | -88.7 | -100.6 |
| Income taxes | 426.0 | -125.0 | -13.0 | 122.0 | 119.0 | 19.8 | -2.7 | -27.2 |
| Tax rate | 23.7% | | 56.5% | 23.4% | 23.3% | 11.6% | 3.0% | 27.0% |
| Earnings from continuing ops | 1,377.0 | 499.0 | -5.0 | 798.0 | 391.0 | 150.8 | -83.9 | -71.4 |
| Earnings from discontinued ops | | | | -4.0 | -1.0 | -0.5 | -2.1 | -2.0 |
| Net income | 1,377.0 | 499.0 | -5.0 | 794.0 | 390.0 | 150.3 | -86.0 | -73.4 |
| Net margin | 30.2% | 17.9% | -0.2% | 28.1% | 14.3% | 6.7% | -4.5% | -3.8% |
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| Diluted EPS | $14.05 | $4.46 | ($0.04) | $5.54 | $2.68 | $1.04 | ($0.59) | ($0.51) |
| Shares outstanding (diluted) | 98.0 | 112.0 | 123.0 | 144.0 | 146.0 | 145.3 | 142.4 | 141.1 |
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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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