Financial Summary (All financials)
| In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 |
| Revenues | 676.2 | 699.6 | 708.6 |
| Revenue growth | -3.3% | -1.3% | |
| Cost of goods sold | 0.0 | 0.0 | 0.0 |
| Gross profit | 676.2 | 699.6 | 708.6 |
| Gross margin | 100.0% | 100.0% | 100.0% |
| Selling, general and administrative | 270.2 | 277.1 | 295.6 |
| Research and development | 54.4 | 51.2 | 58.0 |
| EBIT | -98.7 | 201.2 | 183.4 |
| EBIT margin | -14.6% | 28.8% | 25.9% |
| Pre-tax income | -353.7 | -47.2 | -76.1 |
| Income taxes | -64.3 | -54.8 | -52.4 |
| Tax rate | 18.2% | 116.1% | 68.9% |
| Net income | -289.4 | 7.6 | -23.7 |
| Net margin | -42.8% | 1.1% | -3.3% |
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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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