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| 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 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Routing | | | | 1,839.7 | 2,189.5 | | 2,359.2 | 2,223.9 |
| Service | | | | 1,540.4 | 1,581.0 | | 1,294.7 | 1,218.4 |
| Switching | | | | 934.4 | 963.4 | | 768.3 | 721.2 |
| Security | | | | 333.0 | 293.3 | | 435.6 | 463.6 |
| Total revenues [+] | 4,735.4 | 4,445.1 | 4,445.4 | 4,647.5 | 5,027.2 | 4,990.1 | 4,857.8 | 4,627.1 |
| Products | | | | | | | 3,563.1 | 3,408.7 |
| Services | | | | | | | 1,294.7 | 1,218.4 |
| Revenue growth [+] | 6.5% | 0.0% | -4.3% | -7.6% | 0.7% | 2.7% | 5.0% | -0.9% |
| Routing | | | | -16.0% | | | 6.1% | -4.1% |
| Service | | | | -2.6% | | | 6.3% | 6.0% |
| Switching | | | | -3.0% | | | 6.5% | 13.0% |
| Security | | | | 13.5% | | | -6.0% | -17.8% |
| Cost of goods sold [+] | 1,995.3 | 1,871.4 | 1,828.6 | 1,906.3 | 1,955.1 | 1,885.6 | 1,779.2 | 1,768.9 |
| Cost of product sales | | | | | | | 1,269.6 | 1,286.8 |
| Cost of services | | | | | | | 509.6 | 482.1 |
| Gross profit | 2,740.1 | 2,573.7 | 2,616.8 | 2,741.2 | 3,072.1 | 3,104.5 | 3,078.6 | 2,858.2 |
| Gross margin | 57.9% | 57.9% | 58.9% | 59.0% | 61.1% | 62.2% | 63.4% | 61.8% |
| Selling, general and administrative [+] | 1,302.5 | 1,194.2 | 1,183.6 | 1,158.5 | 1,177.7 | 1,197.8 | 1,172.7 | 1,254.7 |
| Sales and marketing | 1,052.7 | 938.8 | 939.3 | 927.4 | 950.2 | 972.9 | 943.8 | 1,023.6 |
| General and administrative | 249.8 | 255.4 | 244.3 | 231.1 | 227.5 | 224.9 | 228.9 | 231.1 |
| Research and development | 1,007.2 | 958.4 | 955.7 | 1,003.2 | 980.7 | 1,013.7 | 994.5 | 1,006.2 |
| Equity in earnings | | | | | | | | |
| Other operating expenses | | | | | | | | -121.1 |
| EBITDA [+] | 667.8 | 633.5 | 687.8 | 790.0 | 1,139.3 | 1,099.7 | 1,087.9 | 904.5 |
| EBITDA growth | 5.4% | -7.9% | -12.9% | -30.7% | 3.6% | 1.1% | 20.3% | 19.7% |
| EBITDA margin | 14.1% | 14.3% | 15.5% | 17.0% | 22.7% | 22.0% | 22.4% | 19.5% |
| Depreciation | 157.9 | 171.8 | 175.6 | 193.1 | 208.1 | 190.4 | 148.0 | 149.8 |
| EBITA | 509.9 | 461.7 | 512.2 | 596.9 | 931.2 | 909.3 | 939.9 | 754.7 |
| EBITA margin | 10.8% | 10.4% | 11.5% | 12.8% | 18.5% | 18.2% | 19.3% | 16.3% |
| Amortization of intangibles | 79.5 | 40.6 | 34.7 | 17.4 | 17.5 | 16.3 | 28.5 | 36.3 |
| EBIT [+] | 430.4 | 421.1 | 477.5 | 579.5 | 913.7 | 893.0 | 911.4 | 718.4 |
| EBIT growth | 2.2% | -11.8% | -17.6% | -36.6% | 2.3% | -2.0% | 26.9% | 26.9% |
| EBIT margin | 9.1% | 9.5% | 10.7% | 12.5% | 18.2% | 17.9% | 18.8% | 15.5% |
| Non-recurring items [+] | 42.9 | 68.0 | 35.3 | 7.3 | 65.6 | 3.3 | -0.6 | 1,138.1 |
| Asset impairment | | | | | | | | 850.0 |
| Legal settlement | | | | | | | | 121.1 |
| Interest expense, net [+] | -14.9 | -36.3 | -79.1 | -72.7 | -53.0 | -35.4 | -21.8 | -10.0 |
| Interest expense | 50.8 | 77.0 | 88.7 | 103.2 | 101.2 | 97.7 | 83.3 | 66.9 |
| Interest income | 14.9 | 36.3 | 79.1 | 72.7 | 53.0 | 35.4 | 21.8 | 10.0 |
| Other income (expense), net [+] | -41.5 | -47.2 | -18.2 | -9.0 | 11.9 | | 1.7 | 390.3 |
| Gain (loss) on investments | | | | | | | | 167.9 |
| Gain (loss) on debt retirement | -60.6 | -55.0 | -15.3 | | | | | |
| Other | | | | | | | | 333.4 |
| Pre-tax income | 310.1 | 265.2 | 414.4 | 532.7 | 811.8 | 827.4 | 852.2 | -86.3 |
| Income taxes | 57.4 | 7.4 | 69.4 | -34.2 | 505.6 | 234.7 | 218.5 | 248.0 |
| Tax rate | 18.5% | 2.8% | 16.7% | | 62.3% | 28.4% | 25.6% | |
| Net income | 252.7 | 257.8 | 345.0 | 566.9 | 306.2 | 592.7 | 633.7 | -334.3 |
| Net margin | 5.3% | 5.8% | 7.8% | 12.2% | 6.1% | 11.9% | 13.0% | -7.2% |
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| Basic EPS [+] | $0.78 | $0.78 | $1.01 | $1.62 | $0.81 | $1.55 | $1.62 | ($0.73) |
| Growth | -0.2% | -22.4% | -38.1% | 100.4% | -47.8% | -4.3% | -322.0% | -183.4% |
| Diluted EPS [+] | $0.76 | $0.77 | $0.99 | $1.60 | $0.80 | $1.53 | $1.59 | ($0.73) |
| Growth | -0.9% | -22.4% | -38.1% | 100.7% | -47.9% | -3.7% | -317.1% | -184.8% |
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| Dividends per share [+] | $0.80 | $0.80 | $0.76 | $0.72 | $0.40 | $0.40 | $0.40 | $0.20 |
| Growth | 0.0% | 5.3% | 5.6% | 80.0% | 0.0% | 0.0% | 100.0% | |
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| Shares outstanding (basic) [+] | 324.4 | 330.4 | 343.2 | 349.0 | 377.7 | 381.7 | 390.6 | 457.4 |
| Growth | -1.8% | -3.7% | -1.7% | -7.6% | -1.0% | -2.3% | -14.6% | -8.8% |
| Shares outstanding (diluted) [+] | 331.6 | 335.2 | 348.2 | 354.4 | 384.2 | 387.8 | 399.4 | 457.4 |
| Growth | -1.1% | -3.7% | -1.7% | -7.8% | -0.9% | -2.9% | -12.7% | -10.4% |
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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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