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 | 20,891.5 | 19,263.1 | 17,045.5 | 19,810.3 | 21,148.5 | 20,467.0 | 18,557.6 | 18,409.9 |
| Revenue growth | 8.5% | 13.0% | -14.0% | -6.3% | 3.3% | 10.3% | 0.8% | 3.9% |
| Cost of goods sold | 19,481.6 | 17,871.2 | 15,936.6 | 18,072.8 | 18,830.2 | 18,175.9 | 16,435.0 | 16,391.6 |
| Gross profit | 1,409.9 | 1,391.9 | 1,108.9 | 1,737.5 | 2,318.3 | 2,291.1 | 2,122.6 | 2,018.3 |
| Gross margin | 6.7% | 7.2% | 6.5% | 8.8% | 11.0% | 11.2% | 11.4% | 11.0% |
| Selling, general and administrative | 684.8 | 643.2 | 588.9 | 605.0 | 612.8 | 635.2 | 608.2 | 580.5 |
| EBITA | 725.1 | 748.7 | 520.0 | 1,320.1 | 1,793.5 | 1,655.9 | 1,514.4 | 1,239.3 |
| EBITA margin | 3.5% | 3.9% | 3.1% | 6.7% | 8.5% | 8.1% | 8.2% | 6.7% |
| Amortization of intangibles | 70.8 | 73.3 | 65.9 | 62.3 | 51.4 | 47.6 | 53.0 | 52.5 |
| EBIT | 654.3 | 675.4 | 454.1 | 1,257.8 | 1,742.1 | 1,608.3 | 1,461.4 | 1,186.8 |
| EBIT margin | 3.1% | 3.5% | 2.7% | 6.3% | 8.2% | 7.9% | 7.9% | 6.4% |
| Pre-tax income | 509.3 | 583.5 | 299.3 | 953.6 | 1,538.4 | 1,526.7 | 1,338.3 | 1,031.5 |
| Income taxes | 133.7 | 137.7 | 93.9 | 146.1 | 311.9 | 197.5 | 370.2 | 285.5 |
| Tax rate | 26.3% | 23.6% | 31.4% | 15.3% | 20.3% | 12.9% | 27.7% | 27.7% |
| Net income | 327.7 | 373.9 | 158.5 | 753.6 | 1,149.8 | 1,313.4 | 975.1 | 745.5 |
| Net margin | 1.6% | 1.9% | 0.9% | 3.8% | 5.4% | 6.4% | 5.3% | 4.0% |
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| Diluted EPS | $5.47 | $6.19 | $2.62 | $12.17 | $17.38 | $18.96 | $13.33 | $9.59 |
| Shares outstanding (diluted) | 59.9 | 60.4 | 60.4 | 61.9 | 66.2 | 69.3 | 73.1 | 77.8 |
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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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