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 | 4,070.3 | 3,664.5 | 3,367.0 | 3,496.7 | 3,625.0 | 3,711.7 | 3,792.8 | 3,854.1 |
| Revenue growth | 11.1% | 8.8% | -3.7% | -3.5% | -2.3% | -2.1% | -1.6% | -5.1% |
| Cost of goods sold | 2,525.0 | 2,239.5 | 1,976.7 | 2,243.8 | 2,764.5 | 2,638.4 | 2,717.6 | 2,783.9 |
| Gross profit | 1,545.3 | 1,425.0 | 1,390.3 | 1,252.9 | 860.5 | 1,073.3 | 1,075.2 | 1,070.2 |
| Gross margin | 38.0% | 38.9% | 41.3% | 35.8% | 23.7% | 28.9% | 28.3% | 27.8% |
| Selling, general and administrative | | | | | | | | |
| General and administrative | 125.6 | 98.4 | 102.9 | 108.3 | 109.9 | 109.6 | 115.6 | 117.3 |
| EBIT | 940.0 | 868.7 | 860.5 | 760.2 | 402.5 | 632.1 | 689.7 | 696.7 |
| EBIT margin | 23.1% | 23.7% | 25.6% | 21.7% | 11.1% | 17.0% | 18.2% | 18.1% |
| Pre-tax income | 531.0 | 440.5 | 411.5 | 305.5 | 302.6 | 528.0 | 576.5 | 588.9 |
| Income taxes | 133.1 | 58.1 | 44.7 | -57.8 | -56.9 | 191.2 | 211.0 | 212.0 |
| Tax rate | 25.1% | 13.2% | 10.9% | | | 36.2% | 36.6% | 36.0% |
| Net income | 396.7 | 381.2 | 365.6 | 362.1 | 358.3 | 335.6 | 364.3 | 375.7 |
| Net margin | 9.7% | 10.4% | 10.9% | 10.4% | 9.9% | 9.0% | 9.6% | 9.7% |
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| Diluted EPS | | | | | | | | |
| Shares outstanding (diluted) | | | | | | | | |
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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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