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 | 6,505.0 | 5,739.0 | 4,968.0 | 5,603.0 | 5,357.0 | 4,576.0 | 4,146.0 | 4,052.2 |
| Revenue growth | 13.3% | 15.5% | -11.3% | 4.6% | 17.1% | 10.4% | 2.3% | 238.0% |
| Cost of goods sold | 2,312.0 | 1,890.0 | 1,610.0 | 1,813.0 | 1,818.0 | 1,850.0 | 1,727.0 | 1,809.5 |
| Gross profit | 4,193.0 | 3,849.0 | 3,358.0 | 3,790.0 | 3,539.0 | 2,726.0 | 2,419.0 | 2,242.7 |
| Gross margin | 64.5% | 67.1% | 67.6% | 67.6% | 66.1% | 59.6% | 58.3% | 55.3% |
| Selling, general and administrative | | | | | 1,214.0 | 416.0 | 319.0 | 437.7 |
| Sales and marketing | | | | 865.0 | | | | |
| General and administrative | 631.0 | 484.0 | 407.0 | 406.0 | | | | |
| EBITA | 1,977.0 | 1,922.0 | 1,498.0 | 2,033.0 | 1,968.0 | 1,778.0 | 1,721.0 | 1,248.5 |
| EBITA margin | 30.4% | 33.5% | 30.2% | 36.3% | 36.7% | 38.9% | 41.5% | 30.8% |
| Amortization of intangibles | 39.0 | 41.0 | 43.0 | 44.0 | 70.0 | 72.0 | 72.0 | 78.3 |
| EBIT | 1,938.0 | 1,881.0 | 1,455.0 | 1,989.0 | 1,898.0 | 1,706.0 | 1,649.0 | 1,170.2 |
| EBIT margin | 29.8% | 32.8% | 29.3% | 35.5% | 35.4% | 37.3% | 39.8% | 28.9% |
| Pre-tax income | 1,365.0 | 1,363.0 | 816.0 | 1,452.0 | 1,382.0 | 1,101.0 | 1,200.0 | 673.9 |
| Income taxes | -117.0 | 276.0 | 66.0 | 341.0 | 575.0 | -278.0 | 244.0 | 162.2 |
| Tax rate | | 20.2% | 8.1% | 23.5% | 41.6% | | 20.3% | 24.1% |
| Net income | 1,008.0 | 838.0 | 486.0 | 643.0 | 612.0 | 626.0 | 346.0 | 103.9 |
| Net margin | 15.5% | 14.6% | 9.8% | 11.5% | 11.4% | 13.7% | 8.3% | 2.6% |
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| Diluted EPS | $2.22 | $1.81 | $1.04 | $1.37 | $1.29 | $1.31 | $1.47 | $0.22 |
| Shares outstanding (diluted) | 455.0 | 464.0 | 468.0 | 469.0 | 473.0 | 477.0 | 235.0 | 476.0 |
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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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