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 | 2,045.0 | 1,961.0 | 1,819.0 | 1,655.0 | 1,755.0 | 0.0 | 2,594.0 | 2,457.0 |
| Revenue growth | 4.3% | 7.8% | 9.9% | -5.7% | | -100.0% | 5.6% | 7.2% |
| Cost of goods sold | 1,193.0 | 1,155.0 | 1,069.0 | 944.0 | 962.0 | 924.0 | 1,375.0 | 1,298.0 |
| Gross profit | 852.0 | 806.0 | 750.0 | 711.0 | 793.0 | -924.0 | 1,219.0 | 1,159.0 |
| Gross margin | 41.7% | 41.1% | 41.2% | 43.0% | 45.2% | | 47.0% | 47.2% |
| Selling, general and administrative | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 462.0 | 666.0 | 669.0 |
| EBITA | 155.0 | 19.0 | 40.0 | -216.0 | 108.0 | 255.0 | 422.0 | 362.0 |
| EBITA margin | 7.6% | 1.0% | 2.2% | -13.1% | 6.2% | | 16.3% | 14.7% |
| Amortization of intangibles | | | | | | 27.0 | 38.0 | 52.0 |
| EBIT | 155.0 | 19.0 | 40.0 | -216.0 | 108.0 | 228.0 | 384.0 | 310.0 |
| EBIT margin | 7.6% | 1.0% | 2.2% | -13.1% | 6.2% | | 14.8% | 12.6% |
| Pre-tax income | 180.0 | 41.0 | 64.0 | -214.0 | 99.0 | -2.0 | 270.0 | 84.0 |
| Income taxes | 57.0 | 24.0 | 5.0 | 14.0 | -242.0 | -5.0 | 107.0 | 40.0 |
| Tax rate | 31.7% | 58.5% | 7.8% | | | 250.0% | 39.6% | 47.6% |
| Net income | 125.0 | 551.0 | 128.0 | -41.0 | 510.0 | 2.0 | 162.0 | 43.0 |
| Net margin | 6.1% | 28.1% | 7.0% | -2.5% | 29.1% | | 6.2% | 1.8% |
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| Diluted EPS | $0.99 | $4.14 | $0.94 | ($0.30) | $3.77 | $0.01 | $1.19 | $0.38 |
| Shares outstanding (diluted) | 126.4 | 133.0 | 136.2 | 135.5 | 135.4 | 137.3 | 136.6 | 113.8 |
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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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