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 | 6,150.5 | 5,546.5 | 4,540.0 | 5,158.6 | 4,845.9 | 4,300.2 | 3,840.1 | 3,974.3 |
| Revenue growth | 10.9% | 22.2% | -12.0% | 6.5% | 12.7% | 12.0% | -3.4% | -1.2% |
| Cost of goods sold | 4,005.3 | 3,633.9 | 2,996.5 | 3,370.9 | 3,186.3 | 2,861.4 | 2,585.5 | 2,618.0 |
| Gross profit | 2,145.3 | 1,912.6 | 1,543.5 | 1,787.7 | 1,659.6 | 1,438.8 | 1,254.6 | 1,356.3 |
| Gross margin | 34.9% | 34.5% | 34.0% | 34.7% | 34.2% | 33.5% | 32.7% | 34.1% |
| Selling, general and administrative | 644.6 | 603.9 | 515.6 | 610.3 | 584.0 | 535.2 | 463.6 | 448.6 |
| EBITA | 1,500.7 | 1,492.3 | 1,181.9 | 1,310.0 | 1,189.6 | 1,004.8 | 895.9 | 988.5 |
| EBITA margin | 24.4% | 26.9% | 26.0% | 25.4% | 24.5% | 23.4% | 23.3% | 24.9% |
| Amortization of intangibles | | 183.6 | 154.0 | 132.6 | 114.1 | 101.2 | 104.9 | 80.8 |
| EBIT | 1,500.7 | 1,308.7 | 1,027.9 | 1,177.4 | 1,075.5 | 903.6 | 791.0 | 907.7 |
| EBIT margin | 24.4% | 23.6% | 22.6% | 22.8% | 22.2% | 21.0% | 20.6% | 22.8% |
| Pre-tax income | 1,428.7 | 1,223.2 | 1,082.3 | 1,069.7 | 987.7 | 796.7 | 693.1 | 806.4 |
| Income taxes | 269.2 | 233.1 | 209.9 | 208.5 | 209.8 | 115.3 | 180.9 | 215.5 |
| Tax rate | 18.8% | 19.1% | 19.4% | 19.5% | 21.2% | 14.5% | 26.1% | 26.7% |
| Net income | 1,159.5 | 990.1 | 872.4 | 861.3 | 777.9 | 681.5 | 512.2 | 590.9 |
| Net margin | 18.9% | 17.9% | 19.2% | 16.7% | 16.1% | 15.8% | 13.3% | 14.9% |
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| Diluted EPS | $5.01 | $4.25 | $3.77 | $3.75 | $3.34 | $2.94 | $2.19 | $2.45 |
| Shares outstanding (diluted) | 231.5 | 232.8 | 231.2 | 229.4 | 232.7 | 231.8 | 233.7 | 241.6 |
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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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