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 | 1,172.8 | 1,185.7 | 1,199.1 | 1,214.0 | 1,123.8 | 1,066.1 | 1,062.5 | 1,041.3 |
| Revenue growth | -1.1% | -1.1% | -1.2% | 8.0% | 5.4% | 0.3% | 2.0% | 10.5% |
| Cost of goods sold | 82.8 | 383.9 | 639.9 | 366.0 | 279.7 | 281.6 | 547.8 | 553.6 |
| Gross profit | 1,090.0 | 801.8 | 559.3 | 848.0 | 844.2 | 784.5 | 514.7 | 487.7 |
| Gross margin | 92.9% | 67.6% | 46.6% | 69.9% | 75.1% | 73.6% | 48.4% | 46.8% |
| Selling, general and administrative | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| EBIT | 1,103.5 | 836.6 | 478.2 | 797.2 | 792.9 | 842.2 | 374.7 | 556.1 |
| EBIT margin | 94.1% | 70.6% | 39.9% | 65.7% | 70.5% | 79.0% | 35.3% | 53.4% |
| Pre-tax income | 1,090.0 | 801.8 | 559.3 | 848.0 | 844.2 | 784.5 | 514.7 | 487.7 |
| Income taxes | 224.7 | 166.8 | 113.2 | 174.2 | 174.1 | 428.7 | 172.2 | -684.3 |
| Tax rate | 20.6% | 20.8% | 20.2% | 20.5% | 20.6% | 54.7% | 33.5% | |
| Net income | 865.3 | 635.0 | 446.1 | 673.8 | 670.1 | 355.8 | 342.5 | 1,172.0 |
| Net margin | 73.8% | 53.6% | 37.2% | 55.5% | 59.6% | 33.4% | 32.2% | 112.6% |
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| Diluted EPS | $2.78 | $1.81 | $1.24 | $1.80 | $1.74 | $0.90 | $0.79 | $2.50 |
| Shares outstanding (diluted) | 311.2 | 351.3 | 359.3 | 373.9 | 386.1 | 394.8 | 432.0 | 468.0 |
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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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