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 | 22,096.0 | 18,870.5 | 16,537.4 | 17,522.2 | 16,831.6 | 16,308.8 | 15,339.7 | 15,280.0 |
| Revenue growth | 17.1% | 14.1% | -5.6% | 4.1% | 3.2% | 6.3% | 0.4% | -0.4% |
| Cost of goods sold | 14,355.9 | 12,236.4 | 10,882.6 | 11,705.3 | 11,311.9 | 11,402.4 | 10,740.1 | 10,724.2 |
| Gross profit | 7,740.1 | 6,634.1 | 5,654.8 | 5,816.9 | 5,519.8 | 4,906.4 | 4,599.6 | 4,555.9 |
| Gross margin | 35.0% | 35.2% | 34.2% | 33.2% | 32.8% | 30.1% | 30.0% | 29.8% |
| Selling, general and administrative | 5,758.3 | 5,162.5 | 4,386.7 | 4,577.6 | 4,241.2 | 3,726.2 | 3,392.0 | 3,277.4 |
| EBITA | 1,771.6 | 1,266.2 | 1,066.7 | 1,103.1 | 1,118.5 | 1,050.5 | 1,089.5 | 1,159.3 |
| EBITA margin | 8.0% | 6.7% | 6.5% | 6.3% | 6.6% | 6.4% | 7.1% | 7.6% |
| Amortization of intangibles | 157.4 | 103.3 | 95.0 | 92.2 | 83.5 | 52.0 | 40.9 | 34.9 |
| EBIT | 1,614.2 | 1,162.9 | 971.7 | 1,010.9 | 1,035.0 | 998.5 | 1,048.6 | 1,124.4 |
| EBIT margin | 7.3% | 6.2% | 5.9% | 5.8% | 6.1% | 6.1% | 6.8% | 7.4% |
| Pre-tax income | 1,572.6 | 1,200.3 | 379.4 | 859.3 | 994.6 | 1,009.3 | 1,074.3 | 1,123.7 |
| Income taxes | 389.9 | 301.6 | 216.0 | 212.8 | 245.1 | 392.5 | 387.1 | 418.0 |
| Tax rate | 24.8% | 25.1% | 56.9% | 24.8% | 24.6% | 38.9% | 36.0% | 37.2% |
| Net income | 1,182.7 | 898.8 | -29.1 | 621.1 | 810.5 | 616.8 | 687.2 | 705.7 |
| Net margin | 5.4% | 4.8% | -0.2% | 3.5% | 4.8% | 3.8% | 4.5% | 4.6% |
| |
| Diluted EPS | $8.31 | $6.23 | $1.13 | $4.42 | $5.09 | $4.18 | $4.59 | $4.63 |
| Shares outstanding (diluted) | 142.3 | 144.2 | 145.1 | 146.4 | 147.2 | 147.7 | 149.8 | 152.5 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|