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 | 2,762.0 | 3,289.5 | 2,263.9 | 2,008.7 | 2,064.7 | 1,704.3 | 1,440.1 | 1,223.3 |
| Revenue growth | -16.0% | 45.3% | 12.7% | -2.7% | 21.1% | 18.4% | 17.7% | 33.6% |
| Cost of goods sold | 1,776.0 | 1,922.6 | 1,446.4 | 1,269.3 | 1,256.1 | 1,016.0 | 945.9 | 835.9 |
| Gross profit | 986.1 | 1,366.9 | 817.5 | 739.4 | 808.6 | 688.4 | 494.2 | 387.4 |
| Gross margin | 35.7% | 41.6% | 36.1% | 36.8% | 39.2% | 40.4% | 34.3% | 31.7% |
| Selling, general and administrative | | | | | | | | |
| Research and development | 62.6 | 57.8 | 54.3 | 47.3 | 41.3 | 41.4 | 40.3 | 36.4 |
| General and administrative | 158.5 | 117.8 | 106.8 | 157.2 | 151.1 | 128.0 | 113.9 | 50.8 |
| EBITA | 721.2 | 1,134.6 | 564.4 | 477.9 | 578.4 | 494.5 | 304.4 | 215.2 |
| EBITA margin | 26.1% | 34.5% | 24.9% | 23.8% | 28.0% | 29.0% | 21.1% | 17.6% |
| Amortization of intangibles | 0.3 | 0.4 | 1.6 | 8.1 | 9.2 | 9.8 | 11.6 | 17.5 |
| EBIT | 720.9 | 1,134.2 | 562.8 | 469.9 | 569.2 | 484.8 | 292.8 | 197.7 |
| EBIT margin | 26.1% | 34.5% | 24.9% | 23.4% | 27.6% | 28.4% | 20.3% | 16.2% |
| Pre-tax income | 704.0 | 1,116.6 | 540.8 | 448.7 | 551.4 | 437.6 | 267.8 | 134.7 |
| Income taxes | 172.6 | 248.0 | 128.2 | 95.0 | 108.5 | 258.4 | 119.3 | 77.0 |
| Tax rate | 24.5% | 22.2% | 23.7% | 21.2% | 19.7% | 59.1% | 44.5% | 57.2% |
| Net income | 476.5 | 740.1 | 350.6 | 297.4 | 377.2 | 125.5 | 107.5 | 42.9 |
| Net margin | 17.3% | 22.5% | 15.5% | 14.8% | 18.3% | 7.4% | 7.5% | 3.5% |
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| Diluted EPS | $11.61 | $17.08 | $8.22 | $6.89 | $8.33 | $2.80 | $2.43 | $0.98 |
| Shares outstanding (diluted) | 41.0 | 43.3 | 42.6 | 43.2 | 45.3 | 44.8 | 44.2 | 43.7 |
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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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