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 | 16,258.0 | 16,658.0 | 14,596.0 | 14,300.0 | 12,876.0 | 12,516.0 | 11,521.5 | 10,418.2 |
| Revenue growth | -2.4% | 14.1% | 2.1% | 11.1% | 2.9% | 8.6% | 10.6% | -4.5% |
| Cost of goods sold | 14,418.0 | 15,031.0 | 13,227.0 | 12,300.0 | 11,244.0 | 10,663.0 | 9,832.1 | 9,119.3 |
| Gross profit | 1,840.0 | 1,627.0 | 1,369.0 | 2,000.0 | 1,632.0 | 1,853.0 | 1,689.5 | 1,298.8 |
| Gross margin | 11.3% | 9.8% | 9.4% | 14.0% | 12.7% | 14.8% | 14.7% | 12.5% |
| Selling, general and administrative | 1,009.0 | 936.0 | 816.0 | 868.0 | 786.0 | 710.0 | 645.5 | 554.0 |
| EBIT | 1,015.0 | 818.0 | 723.0 | 1,305.0 | 993.0 | 1,289.0 | 1,181.6 | 887.7 |
| EBIT margin | 6.2% | 4.9% | 5.0% | 9.1% | 7.7% | 10.3% | 10.3% | 8.5% |
| Pre-tax income | 831.0 | 691.0 | 553.0 | 1,132.0 | 846.0 | 1,143.0 | 1,043.9 | 744.8 |
| Income taxes | 204.0 | 74.0 | 138.0 | 262.0 | 130.0 | -679.0 | 342.5 | 242.6 |
| Tax rate | 24.5% | 10.7% | 25.0% | 23.1% | 15.4% | | 32.8% | 32.6% |
| Net income | 623.0 | 617.0 | 415.0 | 870.0 | 716.0 | 1,822.0 | 701.4 | 502.2 |
| Net margin | 3.8% | 3.7% | 2.8% | 6.1% | 5.6% | 14.6% | 6.1% | 4.8% |
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| Diluted EPS | $9.20 | $9.03 | $6.31 | $13.62 | $11.00 | $27.71 | $10.79 | $7.46 |
| Shares outstanding (diluted) | 67.7 | 68.3 | 65.8 | 63.9 | 65.1 | 65.8 | 65.0 | 67.3 |
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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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