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-05-18 | Dec-31-17 | Dec-05-17 |
| Revenues | 1,979.9 | 1,741.0 | 1,713.2 | 1,878.4 | 2,251.2 | 2,825.0 | 2,741.8 | 2,741.8 |
| Revenue growth | 13.7% | 1.6% | -8.8% | -16.6% | -17.9% | 3.0% | -2.8% | |
| Cost of goods sold | 1,285.9 | 1,482.4 | 1,543.3 | 1,688.8 | 1,666.9 | 2,010.5 | 2,194.1 | 2,033.8 |
| Gross profit | 694.0 | 258.6 | 169.9 | 189.6 | 584.3 | 814.5 | 547.7 | 708.0 |
| Gross margin | 35.1% | 14.9% | 9.9% | 10.1% | 26.0% | 28.8% | 20.0% | 25.8% |
| Selling, general and administrative | 453.2 | 389.5 | 369.4 | 364.8 | 340.3 | 370.3 | 411.9 | 411.9 |
| Research and development | 571.2 | 28.5 | 26.6 | 31.3 | 31.9 | 598.8 | 38.7 | 612.6 |
| EBITA | 62.3 | 157.0 | 87.0 | 137.9 | 269.0 | 284.1 | 160.2 | 97.1 |
| EBITA margin | 3.1% | 9.0% | 5.1% | 7.3% | 11.9% | 10.1% | 5.8% | 3.5% |
| Amortization of intangibles | 10.1 | 3.0 | | | 56.9 | | 63.1 | |
| EBIT | 52.2 | 154.0 | 87.0 | 137.9 | 212.1 | 284.1 | 97.1 | 97.1 |
| EBIT margin | 2.6% | 8.8% | 5.1% | 7.3% | 9.4% | 10.1% | 3.5% | 3.5% |
| Pre-tax income | -62.6 | -461.7 | -271.8 | -60.6 | 71.0 | 143.2 | -72.1 | -72.1 |
| Income taxes | 42.3 | -11.9 | 45.4 | 27.7 | 46.0 | 64.3 | -5.5 | -5.5 |
| Tax rate | | 2.6% | | | 64.8% | 44.9% | 7.6% | 7.6% |
| Earnings from continuing ops | -106.0 | -449.8 | -317.2 | -88.3 | 25.0 | 75.5 | -66.6 | -65.3 |
| Earnings from discontinued ops | | | 0.0 | 0.0 | 0.0 | | | |
| Net income | -106.0 | -449.8 | -317.2 | -88.3 | 25.0 | 75.5 | -66.6 | -65.3 |
| Net margin | -5.4% | -25.8% | -18.5% | -4.7% | 1.1% | 2.7% | -2.4% | -2.4% |
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| Diluted EPS | ($1.57) | ($6.77) | ($5.04) | ($1.58) | $0.49 | $1.03 | ($1.32) | ($1.30) |
| Shares outstanding (diluted) | 67.5 | 66.5 | 62.9 | 56.0 | 51.5 | 73.4 | 50.4 | 50.4 |
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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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