Financial Summary (All financials)
| In millions, except per share items | Dec-31-18 | Dec-31-16 |
| Revenues | 2,378 | 2,260 |
| Cost of goods sold | 1,527 | 1,524 |
| Gross profit | 851 | 736 |
| Gross margin | 35.8% | 32.6% |
| Selling, general and administrative | 452 | 396 |
| EBITA | 384 | 322 |
| EBITA margin | 16.1% | 14.2% |
| Amortization of intangibles | 180 | 119 |
| EBIT | 204 | 203 |
| EBIT margin | 8.6% | 9.0% |
| Pre-tax income | -4 | 204 |
| Income taxes | 17 | 78 |
| Tax rate | | 38.2% |
| Net income | -21 | 126 |
| Net margin | -0.9% | 5.6% |
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| Diluted EPS | ($21.00) | $126.00 |
| Shares outstanding (diluted) | 1 | 1 |
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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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