Financial Summary (All financials)
| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| Revenues | 10,279.7 | 9,654.0 | 10,579.4 | 10,769.6 | 11,002.8 | 4,885.0 | 3,567.5 | 4,146.3 |
| Revenue growth | 6.5% | -8.7% | -1.8% | -2.1% | 125.2% | 36.9% | -14.0% | -1.4% |
| Cost of goods sold | 6,226.3 | 5,885.7 | 6,378.2 | 6,584.8 | 6,236.7 | 2,999.0 | 2,131.6 | 2,493.3 |
| Gross profit | 4,053.4 | 3,768.3 | 4,201.2 | 4,184.8 | 4,766.1 | 1,886.0 | 1,435.9 | 1,653.0 |
| Gross margin | 39.4% | 39.0% | 39.7% | 38.9% | 43.3% | 38.6% | 40.2% | 39.9% |
| Selling, general and administrative | 2,554.5 | 2,437.0 | 2,728.0 | 2,802.7 | 3,052.0 | 1,597.2 | 1,038.3 | 1,163.9 |
| EBITA | 1,716.9 | 1,551.3 | 1,694.4 | 2,105.6 | 1,936.2 | 5,937.6 | 943.8 | 1,095.5 |
| EBITA margin | 16.7% | 16.1% | 16.0% | 19.6% | 17.6% | 121.5% | 26.5% | 26.4% |
| Amortization of intangibles | 218.0 | 220.0 | 221.2 | 224.1 | 222.1 | 82.1 | 29.9 | 44.6 |
| EBIT | 1,498.9 | 1,331.3 | 1,473.2 | 1,881.5 | 1,714.1 | 5,855.5 | 913.9 | 1,050.9 |
| EBIT margin | 14.6% | 13.8% | 13.9% | 17.5% | 15.6% | 119.9% | 25.6% | 25.3% |
| Pre-tax income | 1,239.0 | -643.9 | 479.9 | 1,359.8 | 1,383.2 | 3,054.1 | 456.1 | 586.3 |
| Income taxes | 230.5 | 301.8 | 233.7 | 225.2 | -204.6 | 1,454.3 | 61.5 | 69.0 |
| Tax rate | 18.6% | | 48.7% | 16.6% | | 47.6% | 13.5% | 11.8% |
| Net income | 1,005.7 | -949.0 | 241.7 | 1,116.5 | 1,565.6 | 1,593.9 | 395.2 | 514.0 |
| Net margin | 9.8% | -9.8% | 2.3% | 10.4% | 14.2% | 32.6% | 11.1% | 12.4% |
| |
| Diluted EPS | $4.62 | ($4.38) | $1.11 | $5.15 | $7.23 | $7.47 | $2.12 | $2.76 |
| Shares outstanding (diluted) | 217.6 | 216.8 | 216.9 | 216.6 | 216.5 | 213.4 | 186.4 | 186.1 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|