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 | 2,065.6 | 1,906.7 | 1,681.3 | 1,515.9 | 1,293.6 | 1,095.3 | 988.5 | 942.8 |
| Revenue growth | 8.3% | 13.4% | 10.9% | 17.2% | 18.1% | 10.8% | 4.8% | 0.7% |
| Cost of goods sold | 320.0 | 318.7 | 265.9 | 188.0 | 182.9 | 187.0 | 185.0 | 294.5 |
| Gross profit | 1,745.5 | 1,588.0 | 1,415.4 | 1,327.9 | 1,110.7 | 908.3 | 803.5 | 648.3 |
| Gross margin | 84.5% | 83.3% | 84.2% | 87.6% | 85.9% | 82.9% | 81.3% | 68.8% |
| Selling, general and administrative | 772.9 | 715.4 | 587.7 | 521.2 | 413.6 | 338.6 | 269.5 | 253.6 |
| Research and development | 433.7 | 404.9 | 355.4 | 298.2 | 233.8 | 202.7 | 183.1 | 168.8 |
| EBITA | 608.4 | 528.5 | 513.0 | 530.2 | 490.4 | 403.7 | 389.0 | 373.1 |
| EBITA margin | 29.5% | 27.7% | 30.5% | 35.0% | 37.9% | 36.9% | 39.4% | 39.6% |
| Amortization of intangibles | 15.7 | 15.2 | 16.6 | 15.2 | 13.8 | 13.0 | 12.8 | 19.4 |
| EBIT | 592.7 | 513.3 | 496.4 | 515.0 | 476.6 | 390.7 | 376.2 | 353.7 |
| EBIT margin | 28.7% | 26.9% | 29.5% | 34.0% | 36.8% | 35.7% | 38.1% | 37.5% |
| Pre-tax income | 575.3 | 515.4 | 493.9 | 522.6 | 487.1 | 395.7 | 380.3 | 356.8 |
| Income taxes | 51.6 | 60.7 | 60.0 | 71.3 | 67.7 | 136.4 | 114.7 | 104.2 |
| Tax rate | 9.0% | 11.8% | 12.2% | 13.6% | 13.9% | 34.5% | 30.2% | 29.2% |
| Net income | 523.7 | 454.6 | 433.9 | 451.3 | 419.4 | 259.3 | 265.6 | 252.5 |
| Net margin | 25.4% | 23.8% | 25.8% | 29.8% | 32.4% | 23.7% | 26.9% | 26.8% |
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| Diluted EPS | $2.00 | $1.73 | $1.67 | $1.76 | $1.64 | $1.00 | $2.99 | $2.76 |
| Shares outstanding (diluted) | 262.0 | 263.3 | 260.4 | 256.1 | 255.8 | 258.7 | 89.0 | 91.5 |
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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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