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| 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 |
| | 8-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Food Care | | | | | | 2,815.2 | 2,686.8 | 2,856.1 |
| Product Care | | | | | | 1,646.4 | 1,524.5 | 1,554.2 |
| Total revenues [+] | 5,641.9 | 5,494.8 | 4,874.0 | 4,761.2 | 4,703.6 | 4,461.6 | 4,211.3 | 4,410.3 |
| Products | 5,641.9 | 5,533.8 | 4,903.2 | 4,791.1 | 4,732.7 | 4,461.6 | | |
| Revenue growth [+] | 2.7% | 12.7% | 2.4% | 1.2% | 5.4% | 5.9% | -4.5% | -43.1% |
| Food Care | | | | | | 4.8% | -5.9% | -25.5% |
| Product Care | | | | | | 8.0% | -1.9% | -6.5% |
| Cost of goods sold | 3,869.0 | 3,852.9 | 3,293.9 | 3,226.3 | 3,230.6 | 3,049.5 | 2,810.3 | 2,955.1 |
| Gross profit | 1,772.9 | 1,641.9 | 1,580.1 | 1,534.9 | 1,473.0 | 1,412.1 | 1,401.0 | 1,455.2 |
| Gross margin | 31.4% | 29.9% | 32.4% | 32.2% | 31.3% | 31.7% | 33.3% | 33.0% |
| Selling, general and administrative | 786.2 | 772.4 | 773.7 | 913.3 | 782.3 | 815.6 | 754.3 | 778.0 |
| Other operating expenses | 29.8 | -76.9 | -23.3 | -101.0 | -75.1 | -15.7 | -25.9 | -134.7 |
| EBITDA [+] | 993.0 | 1,132.8 | 1,003.9 | 873.4 | 897.0 | 761.5 | 886.6 | 1,025.2 |
| EBITDA growth | -12.3% | 12.8% | 14.9% | -2.6% | 17.8% | -14.1% | -13.5% | -5.7% |
| EBITDA margin | 17.6% | 20.6% | 20.6% | 18.3% | 19.1% | 17.1% | 21.1% | 23.2% |
| Depreciation | | 147.6 | 136.7 | 121.9 | 115.5 | 136.2 | 199.0 | 202.2 |
| EBITA | 993.0 | 985.2 | 867.2 | 751.5 | 781.5 | 625.3 | 687.6 | 823.0 |
| EBITA margin | 17.6% | 17.9% | 17.8% | 15.8% | 16.6% | 14.0% | 16.3% | 18.7% |
| Amortization of intangibles | 36.1 | 38.8 | 37.5 | 28.9 | 15.7 | 13.1 | 15.0 | 11.1 |
| EBIT [+] | 956.9 | 946.4 | 829.7 | 722.6 | 765.8 | 612.2 | 672.6 | 811.9 |
| EBIT growth | 1.1% | 14.1% | 14.8% | -5.6% | 25.1% | -9.0% | -17.2% | -1.1% |
| EBIT margin | 17.0% | 17.2% | 17.0% | 15.2% | 16.3% | 13.7% | 16.0% | 18.4% |
| Non-recurring items [+] | 12.1 | 45.5 | 41.6 | 144.1 | 109.5 | 40.9 | 43.7 | 194.5 |
| Asset impairment | | 31.0 | 30.6 | 102.2 | 61.7 | 28.8 | 40.9 | 121.2 |
| Loss (gain) on sale of assets | | | | | | | | 24.6 |
| Interest expense, net [+] | 162.3 | 167.8 | 174.4 | 184.1 | 177.9 | 184.2 | 191.9 | 204.2 |
| Interest expense | 162.3 | 167.8 | 174.4 | 184.1 | 177.9 | 184.2 | 191.9 | 211.0 |
| Interest income | | | | | | | | 6.8 |
| Other income (expense), net [+] | -53.2 | -16.9 | 12.5 | -24.1 | -20.6 | 6.2 | -49.1 | -121.8 |
| Gain (loss) on sale of business | | | | | | | | 13.4 |
| Gain (loss) on debt retirement | | | | | | | | -110.0 |
| Other | | 13.2 | 11.3 | 13.6 | | | | |
| Pre-tax income | 729.3 | 716.2 | 626.2 | 370.3 | 457.8 | 393.3 | 387.9 | 291.4 |
| Income taxes | 238.0 | 225.0 | 142.1 | 76.6 | 307.5 | 330.5 | 95.6 | 132.6 |
| Tax rate | 32.6% | 31.4% | 22.7% | 20.7% | 67.2% | 84.0% | 24.6% | 45.5% |
| Earnings from continuing ops | 491.3 | 491.2 | 484.1 | 293.7 | 150.3 | 62.8 | 292.3 | 158.8 |
| Earnings from discontinued ops | | 15.6 | 18.8 | -30.7 | 42.8 | 640.7 | | |
| Net income | 491.6 | 506.8 | 502.9 | 263.0 | 193.1 | 814.9 | 486.4 | 335.4 |
| Net margin | 8.7% | 9.2% | 10.3% | 5.5% | 4.1% | 18.3% | 11.5% | 7.6% |
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| Basic EPS [+] | $3.37 | $3.26 | $3.12 | $1.90 | $0.94 | $0.34 | $1.50 | $0.78 |
| Growth | 3.4% | 4.4% | 63.9% | 101.9% | 180.6% | -77.7% | 93.2% | -36.6% |
| Diluted EPS [+] | $3.33 | $3.22 | $3.10 | $1.89 | $0.94 | $0.33 | $1.48 | $0.77 |
| Growth | 3.4% | 3.9% | 64.0% | 101.7% | 182.2% | -77.6% | 92.9% | -36.3% |
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| Dividends per share [+] | $0.81 | $0.76 | $0.64 | $0.64 | $0.64 | $0.64 | $0.61 | $0.52 |
| Growth | 6.9% | 18.8% | 0.0% | 0.0% | 0.0% | 4.9% | 17.3% | 0.0% |
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| Shares outstanding (basic) [+] | 145.9 | 150.9 | 155.2 | 154.3 | 159.4 | 186.9 | 194.3 | 203.9 |
| Growth | -3.3% | -2.8% | 0.6% | -3.2% | -14.7% | -3.8% | -4.7% | -2.9% |
| Shares outstanding (diluted) [+] | 147.4 | 152.4 | 156.0 | 155.2 | 160.2 | 188.9 | 197.2 | 206.7 |
| Growth | -3.3% | -2.3% | 0.5% | -3.1% | -15.2% | -4.2% | -4.6% | -3.4% |
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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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