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 | 6,260.1 | 5,256.3 | 4,015.1 | 4,109.1 | 4,043.7 | 3,358.1 | 2,991.5 | 2,972.4 |
| Revenue growth | 19.1% | 30.9% | -2.3% | 1.6% | 20.4% | 12.3% | 0.6% | 6.6% |
| Cost of goods sold | 2,716.8 | 2,468.0 | 2,053.9 | 2,713.8 | 2,689.7 | 2,299.5 | 2,073.0 | 1,789.0 |
| Gross profit | 3,543.2 | 2,788.3 | 1,961.2 | 1,395.4 | 1,354.0 | 1,058.6 | 918.5 | 1,183.4 |
| Gross margin | 56.6% | 53.0% | 48.8% | 34.0% | 33.5% | 31.5% | 30.7% | 39.8% |
| Selling, general and administrative | | | | | | | | |
| General and administrative | 58.3 | 53.5 | 42.4 | 52.5 | 44.1 | 41.7 | 37.9 | 37.4 |
| EBIT | 1,842.2 | 1,393.3 | 909.7 | 818.7 | 817.1 | 575.9 | 483.8 | 498.2 |
| EBIT margin | 29.4% | 26.5% | 22.7% | 19.9% | 20.2% | 17.1% | 16.2% | 16.8% |
| Pre-tax income | 1,841.3 | 1,388.4 | 901.4 | 823.9 | 815.5 | 575.8 | 477.6 | 490.0 |
| Income taxes | 464.2 | 354.0 | 228.7 | 208.4 | 209.8 | 112.1 | 181.8 | 185.3 |
| Tax rate | 25.2% | 25.5% | 25.4% | 25.3% | 25.7% | 19.5% | 38.1% | 37.8% |
| Net income | 1,377.2 | 1,034.4 | 672.7 | 615.5 | 605.7 | 463.8 | 295.8 | 304.7 |
| Net margin | 22.0% | 19.7% | 16.8% | 15.0% | 15.0% | 13.8% | 9.9% | 10.3% |
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| Diluted EPS | $12.18 | $8.89 | $5.68 | $5.10 | $4.92 | $5.63 | $3.56 | $3.57 |
| Shares outstanding (diluted) | 113.1 | 116.4 | 118.5 | 120.6 | 123.0 | 82.4 | 83.2 | 85.4 |
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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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