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 | 3,567 | 3,134 | 2,160 | 4,043 | 3,931 | 3,806 | 3,692 | 4,878 |
| Revenue growth | 13.8% | 45.1% | -46.6% | 2.8% | 3.3% | 3.1% | -24.3% | -7.6% |
| Cost of goods sold | 1,760 | 1,516 | 1,132 | 1,834 | 1,825 | 1,786 | 1,607 | 2,335 |
| Gross profit | 1,807 | 1,618 | 1,028 | 2,209 | 2,106 | 2,020 | 2,085 | 2,543 |
| Gross margin | 50.7% | 51.6% | 47.6% | 54.6% | 53.6% | 53.1% | 56.5% | 52.1% |
| Sales and marketing | 451 | 363 | 329 | 666 | 609 | 546 | 499 | 723 |
| General and administrative | 479 | 434 | 398 | 491 | 513 | 580 | 568 | 685 |
| EBITA | 686 | 621 | -4 | 721 | 547 | 669 | 681 | 978 |
| EBITA margin | 19.2% | 19.8% | -0.2% | 17.8% | 13.9% | 17.6% | 18.4% | 20.0% |
| Amortization of intangibles | 9 | 9 | 10 | 9 | 12 | 11 | 11 | 30 |
| EBIT | 677 | 612 | -14 | 712 | 535 | 658 | 670 | 948 |
| EBIT margin | 19.0% | 19.5% | -0.6% | 17.6% | 13.6% | 17.3% | 18.1% | 19.4% |
| Pre-tax income | 486 | 429 | -276 | 680 | 396 | 318 | 542 | 837 |
| Income taxes | 130 | 116 | -23 | 191 | 130 | -328 | 190 | 285 |
| Tax rate | 26.7% | 27.0% | 8.3% | 28.1% | 32.8% | | 35.1% | 34.1% |
| Earnings from continuing ops | 355 | 318 | -251 | 471 | -140 | 645 | 351 | 552 |
| Earnings from discontinued ops | 1 | -5 | -2 | 18 | 406 | 209 | 260 | 60 |
| Net income | 356 | 313 | -253 | 489 | 266 | 854 | 611 | 612 |
| Net margin | 10.0% | 10.0% | -11.7% | 12.1% | 6.8% | 22.4% | 16.5% | 12.5% |
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| Diluted EPS | $4.22 | $3.64 | ($2.92) | $5.10 | ($1.41) | $6.22 | $3.17 | $4.64 |
| Shares outstanding (diluted) | 84 | 87 | 86 | 92 | 99 | 104 | 111 | 119 |
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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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