Financial Summary (All financials)
| 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 |
| Revenues | 1,892.7 | 2,068.5 | 1,843.4 | 1,572.4 | 1,427.4 | 1,278.3 | 1,251.1 | 1,222.1 |
| Revenue growth | -8.5% | 12.2% | 17.2% | 10.2% | 11.7% | 2.2% | 2.4% | 3.0% |
| Cost of goods sold | 876.1 | 873.8 | 832.1 | 731.1 | 682.3 | 614.5 | 599.0 | 583.3 |
| Gross profit | 1,016.6 | 1,194.7 | 1,011.3 | 841.3 | 745.1 | 663.8 | 652.1 | 638.8 |
| Gross margin | 53.7% | 57.8% | 54.9% | 53.5% | 52.2% | 51.9% | 52.1% | 52.3% |
| Selling, general and administrative | | | | | | | | |
| General and administrative | 119.3 | 113.2 | 98.2 | 77.6 | 116.7 | 104.1 | 105.1 | 96.6 |
| EBITA | 897.3 | 1,157.4 | 913.1 | 763.7 | 628.4 | 154.6 | 405.2 | 395.9 |
| EBITA margin | 47.4% | 56.0% | 49.5% | 48.6% | 44.0% | 12.1% | 32.4% | 32.4% |
| Amortization of intangibles | 37.0 | 40.8 | 32.5 | 21.8 | 30.0 | 23.6 | 23.9 | 24.8 |
| EBIT | 860.3 | 1,116.6 | 880.6 | 741.9 | 598.4 | 131.0 | 381.3 | 371.1 |
| EBIT margin | 45.5% | 54.0% | 47.8% | 47.2% | 41.9% | 10.2% | 30.5% | 30.4% |
| Pre-tax income | 757.2 | 348.6 | 652.4 | 576.3 | 467.1 | 409.5 | 390.5 | 380.6 |
| Income taxes | 152.3 | 129.0 | 132.0 | 108.2 | 129.9 | 128.5 | 130.4 | -6.6 |
| Tax rate | 20.1% | 37.0% | 20.2% | 18.8% | 27.8% | 31.4% | 33.4% | |
| Net income | 590.8 | 205.5 | 506.3 | 454.0 | 323.1 | 279.2 | 260.1 | 251.7 |
| Net margin | 31.2% | 9.9% | 27.5% | 28.9% | 22.6% | 21.8% | 20.8% | 20.6% |
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| Diluted EPS | $1.39 | $0.49 | $1.27 | $1.29 | $0.97 | $0.92 | $0.87 | $0.84 |
| Shares outstanding (diluted) | 424.5 | 422.6 | 397.2 | 351.7 | 332.9 | 304.0 | 300.4 | 298.3 |
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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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