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 | 16,679.4 | 17,881.1 | 15,493.4 | 12,807.7 | 13,621.3 | 14,391.4 | 15,212.3 | 15,225.5 |
| Revenue growth | -6.7% | 15.4% | 21.0% | -6.0% | -5.4% | -5.4% | -0.1% | 4.0% |
| Cost of goods sold | 1,812.2 | 1,552.3 | 939.7 | 192.8 | 145.6 | 1,299.4 | 1,590.4 | 10,671.3 |
| Gross profit | 14,867.2 | 16,328.8 | 14,553.7 | 12,614.9 | 13,475.7 | 13,092.0 | 13,621.9 | 4,554.2 |
| Gross margin | 89.1% | 91.3% | 93.9% | 98.5% | 98.9% | 91.0% | 89.5% | 29.9% |
| Selling, general and administrative | 2,545.6 | 2,214.9 | 1,806.1 | 1,728.1 | 1,437.3 | | | |
| Sales and marketing | | | | | | 550.8 | 603.2 | 579.3 |
| General and administrative | | | | | | 687.1 | 736.0 | 759.0 |
| EBITA | 2,199.7 | 3,367.0 | 3,032.0 | 1,885.9 | 2,157.6 | 1,721.7 | 2,329.3 | 1,567.1 |
| EBITA margin | 13.2% | 18.8% | 19.6% | 14.7% | 15.8% | 12.0% | 15.3% | 10.3% |
| Amortization of intangibles | 154.0 | 164.0 | 93.0 | 7.0 | 10.0 | 8.0 | 10.0 | 13.0 |
| EBIT | 2,045.7 | 3,203.0 | 2,939.0 | 1,878.9 | 2,147.6 | 1,713.7 | 2,319.3 | 1,554.1 |
| EBIT margin | 12.3% | 17.9% | 19.0% | 14.7% | 15.8% | 11.9% | 15.2% | 10.2% |
| Pre-tax income | 3,104.6 | 3,218.8 | 2,572.2 | 1,943.9 | 2,189.2 | 1,650.1 | 2,416.6 | 1,235.2 |
| Income taxes | 731.7 | 762.8 | 698.3 | 451.4 | 533.7 | -515.3 | 865.8 | 393.2 |
| Tax rate | 23.6% | 23.7% | 27.1% | 23.2% | 24.4% | | 35.8% | 31.8% |
| Net income | 2,303.2 | 2,410.6 | 1,762.7 | 1,399.5 | 1,575.1 | 2,098.7 | 1,497.9 | 802.4 |
| Net margin | 13.8% | 13.5% | 11.4% | 10.9% | 11.6% | 14.6% | 9.8% | 5.3% |
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| Diluted EPS | $3.61 | $3.79 | $3.02 | $2.60 | $3.00 | $4.02 | $3.09 | $1.73 |
| Shares outstanding (diluted) | 637.3 | 636.1 | 584.4 | 538.0 | 525.8 | 522.6 | 484.2 | 464.7 |
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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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