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 | 5,294.0 | 4,998.0 | 4,681.0 | 5,002.0 | 4,963.0 | 4,707.0 | 3,771.0 | 3,653.0 |
| Revenue growth | 5.9% | 6.8% | -6.4% | 0.8% | 5.4% | 24.8% | 3.2% | -6.7% |
| Cost of goods sold | 3,438.0 | 3,220.0 | 3,046.0 | 3,203.0 | 3,181.0 | 2,860.0 | 2,309.0 | 2,249.0 |
| Gross profit | 1,856.0 | 1,778.0 | 1,635.0 | 1,799.0 | 1,782.0 | 1,847.0 | 1,462.0 | 1,404.0 |
| Gross margin | 35.1% | 35.6% | 34.9% | 36.0% | 35.9% | 39.2% | 38.8% | 38.4% |
| Selling, general and administrative | 1,227.0 | 1,179.0 | 1,143.0 | 1,158.0 | 1,161.0 | 1,089.0 | 914.0 | 854.0 |
| Research and development | 206.0 | 204.0 | 187.0 | 191.0 | 189.0 | 181.0 | 110.0 | 95.0 |
| EBITA | 637.0 | 721.0 | 634.0 | 838.0 | 820.0 | 692.0 | 502.0 | 509.0 |
| EBITA margin | 12.0% | 14.4% | 13.5% | 16.8% | 16.5% | 14.7% | 13.3% | 13.9% |
| Amortization of intangibles | 125.0 | 127.0 | 134.0 | 140.0 | 144.0 | 125.0 | 64.0 | 45.0 |
| EBIT | 512.0 | 594.0 | 500.0 | 698.0 | 676.0 | 567.0 | 438.0 | 464.0 |
| EBIT margin | 9.7% | 11.9% | 10.7% | 14.0% | 13.6% | 12.0% | 11.6% | 12.7% |
| Pre-tax income | 440.0 | 511.0 | 285.0 | 416.0 | 585.0 | 466.0 | 340.0 | 403.0 |
| Income taxes | 85.0 | 84.0 | 31.0 | 15.0 | 36.0 | 136.0 | 80.0 | 63.0 |
| Tax rate | 19.3% | 16.4% | 10.9% | 3.6% | 6.2% | 29.2% | 23.5% | 15.6% |
| Net income | 355.0 | 427.0 | 254.0 | 401.0 | 549.0 | 331.0 | 260.0 | 340.0 |
| Net margin | 6.7% | 8.5% | 5.4% | 8.0% | 11.1% | 7.0% | 6.9% | 9.3% |
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| Diluted EPS | $1.96 | $2.35 | $1.40 | $2.21 | $3.03 | $1.83 | $1.44 | $1.87 |
| Shares outstanding (diluted) | 181.0 | 181.5 | 181.1 | 181.2 | 181.1 | 180.9 | 180.0 | 181.7 |
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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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