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 | 12,623.0 | 10,876.3 | 8,598.9 | 8,225.4 | 8,202.0 | 7,011.3 | 6,286.4 | 5,568.7 |
| Revenue growth | 16.1% | 26.5% | 4.5% | 0.3% | 17.0% | 11.5% | 12.9% | 4.2% |
| Cost of goods sold | 8,594.8 | 7,474.5 | 5,934.8 | 5,609.4 | 5,547.1 | 4,701.4 | 4,246.4 | 3,789.2 |
| Gross profit | 4,028.2 | 3,401.8 | 2,664.1 | 2,616.0 | 2,654.9 | 2,309.9 | 2,040.0 | 1,779.5 |
| Gross margin | 31.9% | 31.3% | 31.0% | 31.8% | 32.4% | 32.9% | 32.5% | 32.0% |
| Selling, general and administrative | 1,420.9 | 1,226.3 | 1,014.2 | 971.4 | 959.5 | 878.3 | 798.2 | 669.1 |
| EBITA | 2,688.3 | 2,261.9 | 1,699.5 | 1,711.9 | 1,742.3 | 1,480.2 | 1,296.4 | 1,145.1 |
| EBITA margin | 21.3% | 20.8% | 19.8% | 20.8% | 21.2% | 21.1% | 20.6% | 20.6% |
| Amortization of intangibles | 81.0 | 86.4 | 49.6 | 67.3 | 46.9 | 48.6 | 54.6 | 34.7 |
| EBIT | 2,607.3 | 2,175.5 | 1,649.9 | 1,644.6 | 1,695.4 | 1,431.6 | 1,241.8 | 1,110.4 |
| EBIT margin | 20.7% | 20.0% | 19.2% | 20.0% | 20.7% | 20.4% | 19.8% | 19.9% |
| Pre-tax income | 2,467.4 | 1,989.2 | 1,526.6 | 1,495.9 | 1,588.4 | 1,352.4 | 1,141.1 | 1,052.8 |
| Income taxes | 550.6 | 409.1 | 313.3 | 331.9 | 371.5 | 691.7 | 308.5 | 280.5 |
| Tax rate | 22.3% | 20.6% | 20.5% | 22.2% | 23.4% | 51.1% | 27.0% | 26.6% |
| Net income | 1,916.8 | 1,580.1 | 1,213.3 | 1,164.0 | 1,205.0 | 650.5 | 822.9 | 763.5 |
| Net margin | 15.2% | 14.5% | 14.1% | 14.2% | 14.7% | 9.3% | 13.1% | 13.7% |
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| Diluted EPS | $3.09 | $2.53 | $1.97 | $1.89 | $3.85 | $2.06 | $2.61 | $2.41 |
| Shares outstanding (diluted) | 621.0 | 625.5 | 615.0 | 615.9 | 312.6 | 316.5 | 315.2 | 316.5 |
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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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