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 | 2,773.6 | 3,193.0 | 2,566.1 | 2,586.8 | 2,826.4 | 2,644.3 | 2,333.4 | 2,404.8 |
| Revenue growth | -13.1% | 24.4% | -0.8% | -8.5% | 6.9% | 13.3% | -3.0% | 1.8% |
| Cost of goods sold | 1,778.7 | 2,023.9 | 1,678.4 | 1,686.5 | 1,635.8 | 1,512.9 | 1,340.5 | 1,429.6 |
| Gross profit | 994.9 | 1,169.1 | 887.8 | 900.2 | 1,190.5 | 1,131.4 | 992.8 | 975.2 |
| Gross margin | 35.9% | 36.6% | 34.6% | 34.8% | 42.1% | 42.8% | 42.5% | 40.6% |
| Selling, general and administrative | | | | | | | | 226.6 |
| Sales and marketing | 83.1 | 42.8 | 42.4 | 115.0 | 108.6 | 89.2 | 83.2 | |
| Research and development | 171.7 | 146.8 | 133.5 | 143.7 | 139.7 | | | |
| General and administrative | 69.5 | 77.7 | 66.3 | 71.9 | 61.3 | 47.9 | 45.5 | 145.1 |
| EBITA | 516.9 | 723.9 | 503.9 | 375.5 | 702.7 | 821.8 | 487.3 | -10.8 |
| EBITA margin | 18.6% | 22.7% | 19.6% | 14.5% | 24.9% | 31.1% | 20.9% | -0.4% |
| Amortization of intangibles | 0.1 | 0.1 | 1.8 | | 3.0 | 2.9 | 2.5 | 5.8 |
| EBIT | 516.8 | 723.8 | 502.1 | 375.5 | 699.7 | 818.9 | 484.7 | -16.6 |
| EBIT margin | 18.6% | 22.7% | 19.6% | 14.5% | 24.8% | 31.0% | 20.8% | -0.7% |
| Pre-tax income | 516.8 | 723.8 | 502.1 | 392.7 | 680.8 | 825.4 | 517.5 | -16.6 |
| Income taxes | 124.4 | 181.3 | 99.4 | 95.0 | 148.3 | 565.6 | 123.8 | -1,009.6 |
| Tax rate | 24.1% | 25.0% | 19.8% | 24.2% | 21.8% | 68.5% | 23.9% | 6074.3% |
| Net income | 357.5 | 528.1 | 402.5 | 286.5 | 527.1 | 253.6 | 387.7 | 986.4 |
| Net margin | 12.9% | 16.5% | 15.7% | 11.1% | 18.7% | 9.6% | 16.6% | 41.0% |
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| Diluted EPS | $3.54 | $4.65 | $3.55 | $2.47 | $4.06 | $1.91 | $2.92 | $7.40 |
| Shares outstanding (diluted) | 101.0 | 113.7 | 113.5 | 116.1 | 129.8 | 132.5 | 132.6 | 133.2 |
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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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