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 | 4,029.3 | 3,820.8 | 3,045.6 | 3,450.6 | 3,521.6 | 3,306.7 | 3,202.3 | 2,975.0 |
| Revenue growth | 5.5% | 25.5% | -11.7% | -2.0% | 6.5% | 3.3% | 7.6% | 23.5% |
| Cost of goods sold | 2,712.0 | 2,542.4 | 2,119.0 | 2,267.4 | 2,266.9 | 2,138.9 | 2,084.3 | 1,977.8 |
| Gross profit | 1,317.2 | 1,278.4 | 926.5 | 1,183.2 | 1,254.8 | 1,167.8 | 1,118.0 | 997.2 |
| Gross margin | 32.7% | 33.5% | 30.4% | 34.3% | 35.6% | 35.3% | 34.9% | 33.5% |
| Selling, general and administrative | 370.6 | 337.0 | 294.7 | 281.4 | 305.6 | 301.9 | 293.6 | 271.4 |
| Research and development | 189.3 | 159.1 | 131.4 | 148.4 | 147.3 | 130.1 | 126.7 | 123.7 |
| EBITA | 757.2 | 782.3 | 500.4 | 753.3 | 801.9 | 735.8 | 693.7 | 580.2 |
| EBITA margin | 18.8% | 20.5% | 16.4% | 21.8% | 22.8% | 22.3% | 21.7% | 19.5% |
| Amortization of intangibles | 153.8 | 134.1 | 129.5 | 142.9 | 139.3 | 161.1 | 201.5 | 186.6 |
| EBIT | 603.4 | 648.2 | 370.8 | 610.4 | 662.6 | 574.8 | 492.2 | 393.6 |
| EBIT margin | 15.0% | 17.0% | 12.2% | 17.7% | 18.8% | 17.4% | 15.4% | 13.2% |
| Pre-tax income | 396.7 | 413.9 | 165.6 | 390.4 | 526.4 | 402.4 | 321.4 | 205.6 |
| Income taxes | 86.0 | 50.3 | 1.4 | 107.7 | -72.6 | -5.9 | 59.0 | -142.1 |
| Tax rate | 21.7% | 12.2% | 0.8% | 27.6% | | | 18.4% | |
| Net income | 310.7 | 363.6 | 164.3 | 282.7 | 599.0 | 408.4 | 262.4 | 347.7 |
| Net margin | 7.7% | 9.5% | 5.4% | 8.2% | 17.0% | 12.3% | 8.2% | 11.7% |
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| Diluted EPS | $1.99 | $2.28 | $1.04 | $1.75 | $3.53 | $2.37 | $1.53 | $2.03 |
| Shares outstanding (diluted) | 155.9 | 159.4 | 158.1 | 162.0 | 169.9 | 172.2 | 171.5 | 171.5 |
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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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