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 | 7,274.3 | 6,280.2 | 5,054.9 | 4,770.4 | 4,546.7 | 4,342.0 | 4,220.7 | 4,113.2 |
| Revenue growth | 15.8% | 24.2% | 6.0% | 4.9% | 4.7% | 2.9% | 2.6% | 4.3% |
| Cost of goods sold | 5,244.1 | 4,612.6 | 3,832.1 | 3,613.4 | 3,426.4 | 3,276.3 | 3,186.1 | 3,105.9 |
| Gross profit | 2,030.3 | 1,667.5 | 1,222.8 | 1,157.0 | 1,120.3 | 1,065.7 | 1,034.6 | 1,007.4 |
| Gross margin | 27.9% | 26.6% | 24.2% | 24.3% | 24.6% | 24.5% | 24.5% | 24.5% |
| Selling, general and administrative | 1,221.4 | 1,058.3 | 833.1 | 800.3 | 757.5 | 715.7 | 689.0 | 670.6 |
| EBITA | 836.3 | 634.1 | 407.0 | 372.6 | 377.4 | 359.1 | 350.8 | 342.1 |
| EBITA margin | 11.5% | 10.1% | 8.1% | 7.8% | 8.3% | 8.3% | 8.3% | 8.3% |
| Amortization of intangibles | 4.7 | 5.6 | 5.9 | 5.7 | 5.3 | 5.3 | 5.2 | 5.3 |
| EBIT | 831.6 | 628.5 | 401.0 | 366.9 | 372.1 | 353.9 | 345.6 | 336.7 |
| EBIT margin | 11.4% | 10.0% | 7.9% | 7.7% | 8.2% | 8.2% | 8.2% | 8.2% |
| Pre-tax income | 829.4 | 627.5 | 399.8 | 362.9 | 369.3 | 347.5 | 341.9 | 331.2 |
| Income taxes | 125.7 | 128.8 | 76.6 | 67.1 | 72.8 | 90.2 | 105.9 | 104.7 |
| Tax rate | 15.2% | 20.5% | 19.2% | 18.5% | 19.7% | 26.0% | 31.0% | 31.6% |
| Net income | 601.2 | 418.9 | 269.6 | 246.0 | 242.9 | 208.2 | 182.8 | 172.9 |
| Net margin | 8.3% | 6.7% | 5.3% | 5.2% | 5.3% | 4.8% | 4.3% | 4.2% |
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| Diluted EPS | $15.41 | $10.78 | $7.01 | $7.09 | $7.07 | $6.34 | $5.60 | $5.32 |
| Shares outstanding (diluted) | 39.0 | 38.9 | 38.5 | 34.7 | 34.4 | 32.9 | 32.6 | 32.5 |
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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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