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 |
| Revenues | 5,268.1 | 5,077.7 | 3,478.7 | 4,571.0 | 3,613.5 | 3,020.1 | 2,367.0 |
| Revenue growth | 3.8% | 46.0% | -23.9% | 26.5% | 19.6% | 27.6% | |
| Cost of goods sold | 2,065.8 | 2,597.2 | 1,745.3 | 2,323.3 | 1,722.1 | 1,351.2 | 987.4 |
| Gross profit | 3,202.4 | 2,480.5 | 1,733.5 | 2,247.7 | 1,891.3 | 1,669.0 | 1,379.6 |
| Gross margin | 60.8% | 48.9% | 49.8% | 49.2% | 52.3% | 55.3% | 58.3% |
| Selling, general and administrative | 2,359.0 | 2,283.6 | 1,442.3 | 1,753.9 | 1,632.8 | 1,385.9 | 1,189.4 |
| EBITA | 801.3 | 100.8 | 32.7 | 29.6 | -155.8 | 23.2 | 110.3 |
| EBITA margin | 15.2% | 2.0% | 0.9% | 0.6% | -4.3% | 0.8% | 4.7% |
| Amortization of intangibles | | 191.2 | 225.5 | 209.2 | | | |
| EBIT | 801.3 | -90.4 | -192.8 | -179.6 | -155.8 | 23.2 | 110.3 |
| EBIT margin | 15.2% | -1.8% | -5.5% | -3.9% | -4.3% | 0.8% | 4.7% |
| Pre-tax income | 970.2 | -417.0 | -356.7 | -129.6 | -375.5 | -230.0 | -112.2 |
| Income taxes | 648.5 | -22.3 | 8.5 | 3.4 | 88.2 | -29.8 | 17.0 |
| Tax rate | 66.8% | 5.3% | | | | 13.0% | |
| Earnings from continuing ops | 321.7 | -328.3 | -654.9 | -548.8 | -463.7 | -200.2 | -129.1 |
| Earnings from discontinued ops | | | | -5.0 | 718.5 | 27.1 | 31.6 |
| Net income | 321.7 | -328.3 | -654.9 | -553.8 | 231.3 | -173.2 | -98.3 |
| Net margin | 6.1% | -6.5% | -18.8% | -12.1% | 6.4% | -5.7% | -4.2% |
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| Diluted EPS | $1.12 | ($1.25) | | | | | |
| Shares outstanding (diluted) | 287.7 | 262.1 | | | | | |
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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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