Overview Financials News + Filings Key Docs Charts Ownership Insiders
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| 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 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Americas | 3,835.0 | 3,557.0 | 3,322.0 | 3,622.0 | 3,638.0 | 3,711.0 | 3,652.0 | |
| Europe | 2,878.0 | 2,687.0 | 2,364.0 | 2,387.0 | 2,489.0 | 2,375.0 | 2,300.0 | 2,324.0 |
| Asia Pacific | | | 281.0 | 534.0 | 582.0 | 714.0 | 684.0 | 671.0 |
| Other | 143.0 | 113.0 | 124.0 | 148.0 | 168.0 | 69.0 | 66.0 | 58.0 |
| Other | | | | | | | | 3,103.0 |
| Total revenues [+] | 6,856.0 | 6,357.0 | 6,091.0 | 6,691.0 | 6,877.0 | 6,869.0 | 6,702.0 | 6,156.0 |
| Products | 6,856.0 | 6,357.0 | 6,091.0 | 6,691.0 | 6,877.0 | 6,869.0 | 6,702.0 | 6,156.0 |
| Revenue growth [+] | 7.8% | 4.4% | -9.0% | -2.7% | 0.1% | 2.5% | 8.9% | -9.3% |
| Americas | 7.8% | 7.1% | -8.3% | -0.4% | -2.0% | 1.6% | | |
| Europe | 7.1% | 13.7% | -1.0% | -4.1% | 4.8% | 3.3% | -1.0% | -16.8% |
| Asia Pacific | | | -47.4% | -8.2% | -18.5% | 4.4% | 1.9% | -15.4% |
| Other | 26.5% | -8.9% | -16.2% | -11.9% | 143.5% | 4.5% | 13.8% | 65.7% |
| Cost of goods sold | 5,643.0 | 5,266.0 | 5,119.0 | 5,483.0 | 5,594.0 | 5,536.0 | 5,392.0 | 5,046.0 |
| Gross profit | 1,213.0 | 1,091.0 | 972.0 | 1,208.0 | 1,283.0 | 1,333.0 | 1,310.0 | 1,110.0 |
| Gross margin | 17.7% | 17.2% | 16.0% | 18.1% | 18.7% | 19.4% | 19.5% | 18.0% |
| Selling, general and administrative | 496.0 | 433.0 | 403.0 | 439.0 | 483.0 | 484.0 | 503.0 | 476.0 |
| Research and development | 79.0 | 82.0 | 75.0 | 68.0 | 70.0 | 60.0 | 65.0 | 64.0 |
| Equity in earnings | 107.0 | 90.0 | 37.0 | 78.0 | 77.0 | 77.0 | 60.0 | 60.0 |
| Other operating expenses | -220.0 | 209.0 | 13.0 | 615.0 | 167.0 | 174.0 | 20.0 | 15.0 |
| EBITDA [+] | 1,317.0 | 813.0 | 887.0 | 554.0 | 1,028.0 | 1,079.0 | 1,157.0 | 938.0 |
| EBITDA growth | 62.0% | -8.3% | 60.1% | -46.1% | -4.7% | -6.7% | 23.3% | -7.0% |
| EBITDA margin | 19.2% | 12.8% | 14.6% | 8.3% | 14.9% | 15.7% | 17.3% | 15.2% |
| Depreciation | 319.0 | 322.0 | 336.0 | 349.0 | 388.0 | 346.0 | 336.0 | 323.0 |
| EBITA | 998.0 | 491.0 | 551.0 | 205.0 | 640.0 | 733.0 | 821.0 | 615.0 |
| EBITA margin | 14.6% | 7.7% | 9.0% | 3.1% | 9.3% | 10.7% | 12.3% | 10.0% |
| Amortization of intangibles | 33.0 | 34.0 | 33.0 | 41.0 | | 41.0 | 39.0 | |
| EBIT [+] | 965.0 | 457.0 | 518.0 | 164.0 | 640.0 | 692.0 | 782.0 | 615.0 |
| EBIT growth | 111.2% | -11.8% | 215.9% | -74.4% | -7.5% | -11.5% | 27.2% | -8.8% |
| EBIT margin | 14.1% | 7.2% | 8.5% | 2.5% | 9.3% | 10.1% | 11.7% | 10.0% |
| Non-recurring items [+] | 53.0 | 35.0 | 128.0 | 114.0 | 102.0 | 149.0 | 129.0 | 96.0 |
| Asset impairment | 53.0 | 35.0 | 142.0 | 114.0 | 102.0 | 77.0 | 129.0 | 80.0 |
| Interest expense | 239.0 | 216.0 | 265.0 | 311.0 | 261.0 | 268.0 | 272.0 | 251.0 |
| Interest expense | 239.0 | 216.0 | 265.0 | 311.0 | 261.0 | 268.0 | 272.0 | 251.0 |
| Other income (expense), net | 132.0 | 126.0 | 228.0 | | | | -25.0 | |
| Pre-tax income | 805.0 | 332.0 | 353.0 | -261.0 | 277.0 | 275.0 | 356.0 | 268.0 |
| Income taxes | 178.0 | 167.0 | 89.0 | 118.0 | 108.0 | 70.0 | 119.0 | 106.0 |
| Tax rate | 22.1% | 50.3% | 25.2% | | 39.0% | 25.5% | 33.4% | 39.6% |
| Minority interest | 43.0 | 23.0 | 15.0 | 18.0 | 25.0 | 22.0 | 21.0 | 23.0 |
| Earnings from continuing ops | 584.0 | 142.0 | 249.0 | -397.0 | 144.0 | 388.0 | 453.0 | 301.0 |
| Earnings from discontinued ops | | 7.0 | | -3.0 | 113.0 | -3.0 | -7.0 | -4.0 |
| Net income | 584.0 | 149.0 | 249.0 | -400.0 | 257.0 | 385.0 | 446.0 | 297.0 |
| Net margin | 8.5% | 2.3% | 4.1% | -6.0% | 3.7% | 5.6% | 6.7% | 4.8% |
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| Basic EPS [+] | $3.76 | $0.90 | $1.59 | ($2.56) | $0.90 | $2.38 | $2.80 | $1.87 |
| Growth | 316.1% | -43.1% | -162.1% | -384.4% | -62.3% | -14.8% | 49.9% | -23.5% |
| Diluted EPS [+] | $3.67 | $0.89 | $1.57 | ($2.56) | $0.89 | $2.36 | $2.78 | $1.86 |
| Growth | 314.7% | -43.5% | -161.3% | -387.8% | -62.3% | -15.3% | 49.9% | -23.3% |
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| Dividends per share [+] | | | $0.05 | $0.15 | $0.05 | | | |
| Growth | | -100.0% | -66.7% | 200.0% | | | | |
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| Shares outstanding (basic) [+] | 155.3 | 157.2 | 156.8 | 155.3 | 160.1 | 162.7 | 161.9 | 161.2 |
| Growth | -1.2% | 0.2% | 1.0% | -3.0% | -1.6% | 0.5% | 0.4% | -2.2% |
| Shares outstanding (diluted) [+] | 159.0 | 160.3 | 158.8 | 155.3 | 162.1 | 164.6 | 162.8 | 162.1 |
| Growth | -0.8% | 1.0% | 2.3% | -4.2% | -1.6% | 1.1% | 0.4% | -2.4% |
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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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