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 | 9,955.5 | 9,785.3 | 8,480.2 | 9,210.9 | 9,418.2 | 9,318.3 | 9,723.4 | 9,772.9 |
| Revenue growth | 1.7% | 15.4% | -7.9% | -2.2% | 1.1% | -4.2% | -0.5% | 3.5% |
| Cost of goods sold | 8,129.1 | 8,272.1 | 7,199.3 | 8,082.4 | 8,347.7 | 8,146.4 | 8,536.1 | 8,558.4 |
| Gross profit | 1,826.4 | 1,513.2 | 1,280.8 | 1,128.5 | 1,070.5 | 1,171.9 | 1,187.3 | 1,214.6 |
| Gross margin | 18.3% | 15.5% | 15.1% | 12.3% | 11.4% | 12.6% | 12.2% | 12.4% |
| Selling, general and administrative | 1,633.7 | 1,116.9 | 1,041.3 | 1,023.1 | 952.9 | 1,017.0 | 970.4 | 993.8 |
| EBITA | 221.7 | 419.5 | 256.2 | 117.2 | 536.3 | 131.8 | 221.5 | 227.6 |
| EBITA margin | 2.2% | 4.3% | 3.0% | 1.3% | 5.7% | 1.4% | 2.3% | 2.3% |
| Amortization of intangibles | 78.8 | 39.8 | 41.5 | 44.0 | 35.1 | 16.4 | 10.0 | 9.8 |
| EBIT | 142.9 | 379.7 | 214.7 | 73.2 | 501.2 | 115.4 | 211.5 | 217.8 |
| EBIT margin | 1.4% | 3.9% | 2.5% | 0.8% | 5.3% | 1.2% | 2.2% | 2.2% |
| Pre-tax income | 10.9 | 276.8 | 109.9 | -28.7 | -427.1 | 57.5 | 172.5 | 173.2 |
| Income taxes | -11.5 | 55.2 | 21.8 | -6.1 | -32.4 | -15.3 | 63.8 | 69.8 |
| Tax rate | | 19.9% | 19.9% | 21.4% | 7.6% | | 37.0% | 40.3% |
| Earnings from continuing ops | 22.4 | 221.6 | 88.1 | -22.6 | -394.7 | 72.8 | 108.8 | 103.4 |
| Earnings from discontinued ops | 0.0 | 0.0 | 0.0 | 0.0 | | | | |
| Net income | 22.4 | 221.6 | 29.9 | -62.4 | -437.0 | 72.8 | 108.8 | 103.4 |
| Net margin | 0.2% | 2.3% | 0.4% | -0.7% | -4.6% | 0.8% | 1.1% | 1.1% |
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| Diluted EPS | $0.29 | $2.94 | $1.39 | ($0.37) | ($6.58) | $1.21 | $1.78 | $1.66 |
| Shares outstanding (diluted) | 76.2 | 75.5 | 63.5 | 60.6 | 60.0 | 60.0 | 61.1 | 62.1 |
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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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