Financial Summary (All financials)
| In millions, except per share items | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 |
| Revenues | 2,657 | 2,448 | 2,435 | 2,612 | 2,491 | 2,233 | 2,325 | 2,130 |
| Revenue growth | 8.5% | 0.6% | -6.8% | 4.8% | 11.6% | -4.0% | 9.2% | 1.9% |
| Cost of goods sold | 1,560 | 1,296 | 1,264 | 1,290 | 1,258 | 1,076 | 1,038 | 782 |
| Gross profit | 1,097 | 1,153 | 1,171 | 1,322 | 1,233 | 1,157 | 1,288 | 1,348 |
| Gross margin | 41.3% | 47.1% | 48.1% | 50.6% | 49.5% | 51.8% | 55.4% | 63.3% |
| Selling, general and administrative | | | | | | | | |
| General and administrative | 59 | 61 | 60 | 64 | 61 | 56 | 58 | 62 |
| EBITA | 320 | 384 | 364 | 317 | 396 | 378 | 404 | 326 |
| EBITA margin | 12.0% | 15.7% | 15.0% | 12.1% | 15.9% | 16.9% | 17.4% | 15.3% |
| Amortization of intangibles | 3 | 3 | 3 | 3 | 2 | 3 | 2 | 1 |
| EBIT | 317 | 381 | 361 | 314 | 393 | 376 | 402 | 325 |
| EBIT margin | 11.9% | 15.6% | 14.8% | 12.0% | 15.8% | 16.8% | 17.3% | 15.3% |
| Pre-tax income | 262 | 325 | 297 | 248 | 204 | 242 | 228 | 208 |
| Income taxes | 46 | 113 | 100 | 81 | 67 | 83 | 86 | 75 |
| Tax rate | 17.7% | 34.8% | 33.6% | 32.7% | 32.9% | 34.2% | 37.9% | 35.8% |
| Net income | 216 | 212 | 197 | 167 | 137 | 159 | 142 | 134 |
| Net margin | 8.1% | 8.6% | 8.1% | 6.4% | 5.5% | 7.1% | 6.1% | 6.3% |
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| Diluted EPS | $2.60 | $2.56 | $2.39 | $2.02 | $1.66 | $1.94 | $1.73 | $1.64 |
| Shares outstanding (diluted) | 83 | 83 | 83 | 83 | 82 | 82 | 82 | 81 |
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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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