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 | 3,669.0 | 3,416.0 | 3,648.0 | 3,534.0 | 3,382.2 | 3,320.0 | 3,253.6 | 3,350.3 |
| Revenue growth | 7.4% | -6.4% | 3.2% | 4.5% | 1.9% | 2.0% | -2.9% | 2.2% |
| Cost of goods sold | 1,471.0 | 1,301.0 | 1,415.0 | 1,374.0 | 1,325.5 | 194.3 | 1,542.1 | 1,652.5 |
| Gross profit | 2,198.0 | 2,115.0 | 2,233.0 | 2,160.0 | 2,056.7 | 3,125.7 | 1,711.5 | 1,697.8 |
| Gross margin | 59.9% | 61.9% | 61.2% | 61.1% | 60.8% | 94.1% | 52.6% | 50.7% |
| Selling, general and administrative | | | | | | | | |
| General and administrative | 104.0 | 108.0 | 111.0 | 104.0 | 105.6 | 102.3 | 103.7 | 101.1 |
| EBIT | 857.0 | 801.0 | 831.0 | 749.0 | 716.0 | 680.1 | 610.8 | 584.0 |
| EBIT margin | 23.4% | 23.4% | 22.8% | 21.2% | 21.2% | 20.5% | 18.8% | 17.4% |
| Pre-tax income | 600.0 | 567.0 | 636.0 | 570.0 | 532.8 | 443.4 | 461.3 | 440.0 |
| Income taxes | -74.0 | -57.0 | 69.0 | 48.0 | 66.7 | 59.4 | 70.4 | 44.3 |
| Tax rate | | | 10.8% | 8.4% | 12.5% | 13.4% | 15.3% | 10.1% |
| Earnings from continuing ops | 659.0 | 614.0 | 557.0 | 512.0 | 455.9 | 373.8 | 380.7 | 385.5 |
| Earnings from discontinued ops | | | | | 1.4 | -2.3 | -2.5 | -2.4 |
| Net income | 659.0 | 614.0 | 557.0 | 512.0 | 457.3 | 371.5 | 378.2 | 383.1 |
| Net margin | 18.0% | 18.0% | 15.3% | 14.5% | 13.5% | 11.2% | 11.6% | 11.4% |
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| Diluted EPS | $2.63 | $2.47 | $2.33 | $2.19 | $1.98 | $1.65 | $1.69 | $1.74 |
| Shares outstanding (diluted) | 250.7 | 248.7 | 239.0 | 233.6 | 229.7 | 227.1 | 225.4 | 221.7 |
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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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