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 | 2,501.0 | 2,256.0 | 1,994.0 | 2,063.0 | 8,047.0 | 6,641.0 | 5,762.0 | 5,817.0 |
| Revenue growth | 10.9% | 13.1% | -3.3% | -74.4% | 21.2% | 15.3% | -0.9% | 2.3% |
| Cost of goods sold | 6,646.0 | 5,863.0 | 5,347.0 | 5,681.0 | 4,683.0 | 3,872.0 | 3,359.0 | 3,337.0 |
| Gross profit | -4,145.0 | -3,607.0 | -3,353.0 | -3,618.0 | 3,364.0 | 2,769.0 | 2,403.0 | 2,480.0 |
| Gross margin | -165.7% | -159.9% | -168.2% | -175.4% | 41.8% | 41.7% | 41.7% | 42.6% |
| Selling, general and administrative | 1,400.0 | 1,199.0 | 979.0 | 1,092.0 | 1,038.0 | 903.0 | 719.0 | 714.0 |
| EBITA | 3,451.0 | 2,515.0 | 2,067.0 | 2,461.0 | 2,231.0 | 1,780.0 | 1,603.0 | 1,691.0 |
| EBITA margin | 138.0% | 111.5% | 103.7% | 119.3% | 27.7% | 26.8% | 27.8% | 29.1% |
| Amortization of intangibles | 219.0 | 233.0 | 250.0 | 290.0 | 213.0 | 173.0 | 174.0 | 193.0 |
| EBIT | 3,232.0 | 2,282.0 | 1,817.0 | 2,171.0 | 2,018.0 | 1,607.0 | 1,429.0 | 1,498.0 |
| EBIT margin | 129.2% | 101.2% | 91.1% | 105.2% | 25.1% | 24.2% | 24.8% | 25.8% |
| Pre-tax income | 2,802.0 | 1,846.0 | 1,139.0 | 1,514.0 | 1,476.0 | 1,048.0 | 909.0 | 963.0 |
| Income taxes | 697.0 | 460.0 | 249.0 | 340.0 | 380.0 | -298.0 | 343.0 | 378.0 |
| Tax rate | 24.9% | 24.9% | 21.9% | 22.5% | 25.7% | | 37.7% | 39.3% |
| Net income | 2,105.0 | 1,386.0 | 890.0 | 1,174.0 | 1,096.0 | 1,346.0 | 566.0 | 585.0 |
| Net margin | 84.2% | 61.4% | 44.6% | 56.9% | 13.6% | 20.3% | 9.8% | 10.1% |
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| Diluted EPS | $29.66 | $19.03 | $12.20 | $15.11 | $13.12 | $15.73 | $6.45 | $6.07 |
| Shares outstanding (diluted) | 71.0 | 72.8 | 72.9 | 77.7 | 83.5 | 85.6 | 87.8 | 96.4 |
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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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