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 | 4,884.4 | 4,416.2 | 3,737.6 | 4,482.2 | 4,696.0 | 4,377.0 | 4,092.7 | 4,110.0 |
| Revenue growth | 10.6% | 18.2% | -16.6% | -4.6% | 7.3% | 6.9% | -0.4% | -6.4% |
| Cost of goods sold | 3,465.6 | 2,987.3 | 2,457.9 | 2,917.9 | 3,106.3 | 2,780.5 | 2,528.8 | 2,597.3 |
| Gross profit | 1,418.8 | 1,428.9 | 1,279.7 | 1,564.3 | 1,589.7 | 1,596.5 | 1,563.9 | 1,512.7 |
| Gross margin | 29.0% | 32.4% | 34.2% | 34.9% | 33.9% | 36.5% | 38.2% | 36.8% |
| Selling, general and administrative | 772.4 | 738.7 | 695.0 | 822.1 | 876.4 | 934.7 | 959.8 | 914.8 |
| Research and development | 66.4 | 62.4 | 55.2 | 70.2 | 73.1 | 65.3 | 57.7 | 51.6 |
| EBITA | 548.5 | 584.3 | 418.7 | 601.3 | 557.5 | 464.9 | 488.5 | 546.3 |
| EBITA margin | 11.2% | 13.2% | 11.2% | 13.4% | 11.9% | 10.6% | 11.9% | 13.3% |
| Amortization of intangibles | 125.3 | 121.4 | 113.2 | 113.1 | 115.4 | 101.2 | 83.4 | 80.7 |
| EBIT | 423.2 | 462.9 | 305.5 | 488.2 | 442.1 | 363.7 | 405.1 | 465.6 |
| EBIT margin | 8.7% | 10.5% | 8.2% | 10.9% | 9.4% | 8.3% | 9.9% | 11.3% |
| Pre-tax income | 257.3 | 340.5 | 122.2 | 330.0 | 267.5 | 189.6 | 82.7 | 157.9 |
| Income taxes | 65.1 | 76.1 | 0.2 | 77.4 | 54.2 | 141.9 | 38.1 | 62.1 |
| Tax rate | 25.3% | 22.3% | 0.2% | 23.5% | 20.3% | 74.8% | 46.1% | 39.3% |
| Net income | 192.2 | 263.9 | 121.6 | 249.0 | 207.1 | 36.7 | 38.8 | 91.6 |
| Net margin | 3.9% | 6.0% | 3.3% | 5.6% | 4.4% | 0.8% | 0.9% | 2.2% |
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| Diluted EPS | $0.86 | $1.14 | $0.52 | $1.06 | $0.85 | $0.15 | $0.16 | $0.38 |
| Shares outstanding (diluted) | 222.3 | 231.9 | 236.0 | 235.8 | 242.9 | 246.1 | 244.4 | 239.7 |
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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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