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 | 4,324.4 | 3,803.8 | 3,587.0 | 3,471.2 | 3,691.2 | 3,565.3 | 3,498.7 | 3,495.4 |
| Revenue growth | 13.7% | 6.0% | 3.3% | -6.0% | 3.5% | 1.9% | 0.1% | 0.1% |
| Cost of goods sold | 1,740.3 | 1,604.9 | 1,573.3 | 1,532.5 | 1,619.1 | 1,483.2 | 2,007.2 | 1,792.8 |
| Gross profit | 2,584.1 | 2,198.9 | 2,013.7 | 1,938.7 | 2,072.1 | 2,082.1 | 1,491.5 | 1,702.6 |
| Gross margin | 59.8% | 57.8% | 56.1% | 55.8% | 56.1% | 58.4% | 42.6% | 48.7% |
| Selling, general and administrative | | | | | | | | |
| General and administrative | 220.4 | 234.6 | 224.8 | 218.6 | 212.8 | 184.3 | 166.5 | 171.8 |
| EBITA | 815.9 | 885.3 | 858.2 | 738.0 | 841.7 | 981.8 | 893.6 | 912.6 |
| EBITA margin | 18.9% | 23.3% | 23.9% | 21.3% | 22.8% | 27.5% | 25.5% | 26.1% |
| Amortization of intangibles | 84.0 | 80.0 | 70.0 | 66.0 | 68.0 | 72.0 | 58.0 | 58.0 |
| EBIT | 731.9 | 805.3 | 788.2 | 672.0 | 773.7 | 909.8 | 835.6 | 854.6 |
| EBIT margin | 16.9% | 21.2% | 22.0% | 19.4% | 21.0% | 25.5% | 23.9% | 24.4% |
| Pre-tax income | 650.5 | 856.1 | 726.4 | 526.3 | 798.3 | 1,024.5 | 934.3 | 931.6 |
| Income taxes | 74.8 | 110.1 | 78.2 | -15.8 | 133.9 | 258.3 | 236.4 | 237.7 |
| Tax rate | 11.5% | 12.9% | 10.8% | | 16.8% | 25.2% | 25.3% | 25.5% |
| Net income | 483.6 | 618.7 | 550.6 | 538.3 | 511.0 | 488.5 | 442.0 | 437.3 |
| Net margin | 11.2% | 16.3% | 15.3% | 15.5% | 13.8% | 13.7% | 12.6% | 12.5% |
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| Diluted EPS | $4.26 | $5.47 | $4.87 | $4.77 | $4.54 | $4.35 | $3.95 | $3.92 |
| Shares outstanding (diluted) | 113.4 | 113.2 | 112.9 | 112.8 | 112.6 | 112.4 | 112.0 | 111.6 |
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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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