Financial Summary (All financials)
| In millions, except per share items | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 |
| Revenues | 11,328.2 | 10,546.1 | 9,308.9 | 6,602.3 | 7,541.2 | 7,232.4 | 6,696.8 | 6,398.6 |
| Revenue growth | 7.4% | 13.3% | 41.0% | -12.5% | 4.3% | 8.0% | 4.7% | 3.3% |
| Cost of goods sold | 10,065.8 | 7,914.8 | 6,433.0 | 5,002.4 | 5,233.7 | 5,347.9 | 6,033.8 | 4,740.9 |
| Gross profit | 1,262.3 | 2,631.2 | 2,876.0 | 1,599.8 | 2,307.5 | 1,884.5 | 663.0 | 1,657.7 |
| Gross margin | 11.1% | 24.9% | 30.9% | 24.2% | 30.6% | 26.1% | 9.9% | 25.9% |
| Selling, general and administrative | 1,757.1 | 2,063.4 | 1,966.9 | 1,341.3 | 1,213.2 | 1,174.0 | 1,083.9 | 973.0 |
| EBITA | -1,069.2 | -43.7 | 274.3 | -840.8 | -729.2 | -1,249.6 | -2,229.9 | -1,571.2 |
| EBITA margin | -9.4% | -0.4% | 2.9% | -12.7% | -9.7% | -17.3% | -33.3% | -24.6% |
| Amortization of intangibles | 21.8 | 22.4 | 15.5 | 1.9 | 0.3 | 0.2 | 1.4 | 1.9 |
| EBIT | -1,091.0 | -66.2 | 258.8 | -842.7 | -729.5 | -1,249.7 | -2,231.3 | -1,573.0 |
| EBIT margin | -9.6% | -0.6% | 2.8% | -12.8% | -9.7% | -17.3% | -33.3% | -24.6% |
| Pre-tax income | -494.7 | 567.9 | 909.0 | 365.7 | 1,214.2 | 764.4 | -344.2 | 806.1 |
| Income taxes | 59.1 | 42.1 | -19.2 | 96.9 | 77.5 | 34.0 | 59.7 | 162.7 |
| Tax rate | | 7.4% | | 26.5% | 6.4% | 4.5% | | 20.2% |
| Net income | -490.1 | 570.1 | 1,313.3 | 268.8 | 1,136.6 | 730.4 | -403.9 | 585.5 |
| Net margin | -4.3% | 5.4% | 14.1% | 4.1% | 15.1% | 10.1% | -6.0% | 9.2% |
| |
| Diluted EPS | ($1.89) | $2.02 | $4.51 | $0.99 | $3.89 | $2.35 | ($1.29) | $1.73 |
| Shares outstanding (diluted) | 259.9 | 282.8 | 291.0 | 271.5 | 292.1 | 310.3 | 312.9 | 337.7 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|