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 |
| Revenues | 5,846 | 5,071 | 4,988 | 4,827 | 4,519 | 4,455 |
| Revenue growth | 15.3% | 1.7% | 3.3% | 6.8% | 1.4% | |
| Cost of goods sold | 4,285 | 3,758 | 3,711 | 3,402 | 3,203 | 3,090 |
| Gross profit | 1,561 | 1,313 | 1,277 | 1,425 | 1,316 | 1,365 |
| Gross margin | 26.7% | 25.9% | 25.6% | 29.5% | 29.1% | 30.6% |
| Selling, general and administrative | 916 | 925 | 932 | 932 | 871 | 870 |
| Research and development | 86 | 77 | 87 | | | |
| EBITA | 589 | 342 | 288 | 514 | 479 | 341 |
| EBITA margin | 10.1% | 6.7% | 5.8% | 10.6% | 10.6% | 7.7% |
| Amortization of intangibles | 30 | 31 | 30 | 21 | 10 | 7 |
| EBIT | 559 | 311 | 258 | 493 | 469 | 334 |
| EBIT margin | 9.6% | 6.1% | 5.2% | 10.2% | 10.4% | 7.5% |
| Pre-tax income | 353 | 101 | 71 | 104 | 166 | 310 |
| Income taxes | 111 | 64 | 35 | -301 | 560 | 133 |
| Tax rate | 31.4% | 63.4% | 49.3% | | 337.3% | 42.9% |
| Net income | 242 | 37 | 36 | 405 | -394 | 177 |
| Net margin | 4.1% | 0.7% | 0.7% | 8.4% | -8.7% | 4.0% |
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| Diluted EPS | $1.63 | $0.29 | $0.29 | $3.30 | ($3.22) | $1.44 |
| Shares outstanding (diluted) | 148 | 126 | 123 | 123 | 122 | 122 |
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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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