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 | 13,811.0 | 11,781.0 | 11,474.0 | 11,635.0 | 10,983.0 | 9,061.0 | 7,997.0 | 8,570.0 |
| Revenue growth | 17.2% | 2.7% | -1.4% | 5.9% | 21.2% | 13.3% | -6.7% | 1.2% |
| Cost of goods sold | 11,227.0 | 9,585.0 | 9,447.0 | 9,520.0 | 8,938.0 | 7,296.0 | 6,460.0 | 6,903.0 |
| Gross profit | 2,584.0 | 2,196.0 | 2,027.0 | 2,115.0 | 2,045.0 | 1,765.0 | 1,537.0 | 1,667.0 |
| Gross margin | 18.7% | 18.6% | 17.7% | 18.2% | 18.6% | 19.5% | 19.2% | 19.5% |
| Selling, general and administrative | 593.0 | 525.0 | 417.0 | 478.0 | 514.0 | 512.0 | 450.0 | 466.0 |
| EBITA | 1,497.0 | 1,177.0 | 1,118.0 | 1,144.0 | 1,053.0 | 582.0 | 649.0 | 882.0 |
| EBITA margin | 10.8% | 10.0% | 9.7% | 9.8% | 9.6% | 6.4% | 8.1% | 10.3% |
| Amortization of intangibles | 180.0 | 180.0 | 187.0 | 204.0 | 220.0 | 104.0 | 39.0 | 41.0 |
| EBIT | 1,317.0 | 997.0 | 931.0 | 940.0 | 833.0 | 478.0 | 610.0 | 841.0 |
| EBIT margin | 9.5% | 8.5% | 8.1% | 8.1% | 7.6% | 5.3% | 7.6% | 9.8% |
| Pre-tax income | 1,008.0 | 687.0 | 608.0 | 633.0 | 514.0 | 125.0 | 346.0 | 646.0 |
| Income taxes | 156.0 | 99.0 | 71.0 | 185.0 | 165.0 | -126.0 | 47.0 | -150.0 |
| Tax rate | 15.5% | 14.4% | 11.7% | 29.2% | 32.1% | | 13.6% | |
| Net income | 878.0 | 585.0 | 566.0 | 454.0 | 374.0 | 263.0 | 281.0 | 470.0 |
| Net margin | 6.4% | 5.0% | 4.9% | 3.9% | 3.4% | 2.9% | 3.5% | 5.5% |
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| Diluted EPS | $2.65 | $1.76 | $1.66 | $1.29 | $1.05 | $0.81 | $1.00 | $3.30 |
| Shares outstanding (diluted) | 331.6 | 332.8 | 340.1 | 352.3 | 357.0 | 322.9 | 282.0 | 142.4 |
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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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