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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 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Consumer Domestic | 3,941.9 | 3,767.6 | 3,302.6 | 3,129.9 | 2,854.9 | | 2,581.6 | 2,471.6 |
Consumer International | 912.2 | 828.2 | 756.3 | 709.5 | 621.1 | | 501.0 | 535.2 |
Specialty Products | 336.0 | 300.0 | 298.8 | 306.5 | 300.2 | | 312.2 | 290.8 |
Total revenues | 5,190.1 | 4,895.8 | 4,357.7 | 4,145.9 | 3,776.2 | 3,493.1 | 3,394.8 | 3,297.6 |
Revenue growth [+] | 6.0% | 12.3% | 5.1% | 9.8% | 8.1% | 2.9% | 2.9% | 3.2% |
Consumer Domestic | 4.6% | 14.1% | 5.5% | 9.6% | | | 4.5% | 2.4% |
Consumer International | 10.1% | 9.5% | 6.6% | 14.2% | | | -6.4% | 0.5% |
Specialty Products | 12.0% | 0.4% | -2.5% | 2.1% | | | 7.4% | 17.3% |
Cost of goods sold | 2,926.6 | 2,681.6 | 2,373.7 | 2,305.1 | 2,046.6 | 1,902.5 | 1,883.0 | 1,844.7 |
Gross profit | 2,263.5 | 2,214.2 | 1,984.0 | 1,840.8 | 1,729.6 | 1,590.6 | 1,511.8 | 1,452.9 |
Gross margin | 43.6% | 45.2% | 45.5% | 44.4% | 45.8% | 45.5% | 44.5% | 44.1% |
Selling, general and administrative [+] | 1,184.4 | 1,184.5 | 1,143.8 | 1,049.1 | 996.9 | 866.4 | 837.6 | 811.7 |
Sales and marketing | 577.7 | 591.2 | 515.0 | 483.2 | 454.2 | 427.2 | 417.5 | 416.9 |
General and administrative | | | | | | | | 394.8 |
Other selling, general and administrative | 606.7 | 593.3 | 628.8 | 565.9 | 542.7 | 439.2 | 420.1 | |
Equity in earnings | 9.4 | 6.7 | 6.6 | 9.2 | 10.8 | 9.2 | -5.8 | 11.6 |
EBITDA [+] | 1,307.6 | 1,226.1 | 1,023.2 | 942.0 | 868.9 | 841.0 | 769.4 | 744.0 |
EBITDA growth | 6.6% | 19.8% | 8.6% | 8.4% | 3.3% | 9.3% | 3.4% | 4.0% |
EBITDA margin | 25.2% | 25.0% | 23.5% | 22.7% | 23.0% | 24.1% | 22.7% | 22.6% |
Depreciation | 98.8 | 89.8 | 86.0 | 69.9 | 64.4 | 61.6 | 61.1 | 59.5 |
EBITA | 1,208.8 | 1,136.3 | 937.2 | 872.1 | 804.5 | 779.4 | 708.3 | 684.5 |
EBITA margin | 23.3% | 23.2% | 21.5% | 21.0% | 21.3% | 22.3% | 20.9% | 20.8% |
Amortization of intangibles | 120.3 | 99.9 | 90.4 | 71.2 | 61.0 | 46.0 | 39.9 | 31.7 |
EBIT [+] | 1,088.5 | 1,036.4 | 846.8 | 800.9 | 743.5 | 733.4 | 668.4 | 652.8 |
EBIT growth | 5.0% | 22.4% | 5.7% | 7.7% | 1.4% | 9.7% | 2.4% | 4.4% |
EBIT margin | 21.0% | 21.2% | 19.4% | 19.3% | 19.7% | 21.0% | 19.7% | 19.8% |
Interest expense, net [+] | 54.5 | 60.5 | 72.0 | 77.5 | 50.5 | 26.0 | 29.0 | 25.1 |
Interest expense | 54.5 | 61.0 | 73.6 | 79.4 | 52.6 | 27.7 | 30.5 | 27.4 |
Interest income | | 0.5 | 1.6 | 1.9 | 2.1 | 1.7 | 1.5 | 2.3 |
Other income (expense), net [+] | -2.3 | -2.1 | -1.1 | -3.9 | -0.3 | -1.5 | -4.0 | -2.8 |
Other | -2.3 | -2.1 | -1.1 | -3.9 | -0.3 | -1.5 | -4.0 | -2.8 |
Pre-tax income | 1,031.7 | 973.8 | 773.7 | 719.5 | 692.7 | 705.9 | 635.4 | 624.9 |
Income taxes | 204.2 | 187.9 | 157.8 | 150.9 | -50.7 | 246.9 | 225.0 | 211.0 |
Tax rate | 19.8% | 19.3% | 20.4% | 21.0% | | 35.0% | 35.4% | 33.8% |
Net income | 827.5 | 785.9 | 615.9 | 568.6 | 743.4 | 459.0 | 410.4 | 413.9 |
Net margin | 15.9% | 16.1% | 14.1% | 13.7% | 19.7% | 13.1% | 12.1% | 12.6% |
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Basic EPS [+] | $3.38 | $3.18 | $2.50 | $2.32 | $2.97 | $1.78 | $1.57 | $1.53 |
Growth | 6.1% | 27.3% | 8.0% | -21.9% | 66.5% | 13.8% | 2.2% | -46.2% |
Diluted EPS [+] | $3.32 | $3.12 | $2.44 | $2.27 | $2.90 | $1.75 | $1.54 | $1.51 |
Growth | 6.4% | 27.6% | 7.7% | -21.9% | 65.8% | 14.0% | 2.0% | -46.1% |
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Dividends per share [+] | $1.01 | $0.96 | $0.91 | $0.87 | $0.76 | $0.71 | $0.67 | $0.62 |
Growth | 5.2% | 5.5% | 4.6% | 14.5% | 7.0% | 6.0% | 8.1% | -44.6% |
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Shares outstanding (basic) [+] | 244.9 | 246.8 | 246.2 | 245.5 | 250.6 | 257.6 | 262.2 | 270.2 |
Growth | -0.8% | 0.2% | 0.3% | -2.0% | -2.7% | -1.8% | -3.0% | 94.9% |
Shares outstanding (diluted) [+] | 249.6 | 252.2 | 252.1 | 250.7 | 256.1 | 262.1 | 267.2 | 275.0 |
Growth | -1.0% | 0.0% | 0.6% | -2.1% | -2.3% | -1.9% | -2.8% | 94.8% |
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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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