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 | Dec-31-15 | Dec-31-14 |
| Revenues | 63 | 51 | 72 | 1,991 | 2,009 | 1,923 | 1,898 | 1,900 |
| Revenue growth | 23.5% | -29.2% | -96.4% | -0.9% | 4.5% | 1.3% | -0.1% | 5.0% |
| Cost of goods sold | 310 | 293 | 323 | 292 | 309 | 286 | 927 | 970 |
| Gross profit | -247 | -242 | -251 | 1,699 | 1,700 | 1,637 | 971 | 930 |
| Gross margin | -392.1% | -474.5% | -348.6% | 85.3% | 84.6% | 85.1% | 51.2% | 48.9% |
| Selling, general and administrative | | | | | | | | |
| General and administrative | 482 | 421 | 424 | 400 | 383 | 359 | 357 | 336 |
| EBITA | 436 | 333 | 417 | 405 | 426 | 384 | 347 | 318 |
| EBITA margin | 692.1% | 652.9% | 579.2% | 20.3% | 21.2% | 20.0% | 18.3% | 16.7% |
| Amortization of intangibles | 58 | 64 | 64 | 59 | 46 | 44 | 38 | 25 |
| EBIT | 378 | 269 | 353 | 346 | 380 | 340 | 309 | 293 |
| EBIT margin | 600.0% | 527.5% | 490.3% | 17.4% | 18.9% | 17.7% | 16.3% | 15.4% |
| Pre-tax income | 267 | 155 | 241 | 229 | 273 | 243 | 217 | 235 |
| Income taxes | 23 | 0 | 27 | 17 | 86 | 50 | 45 | 61 |
| Tax rate | 8.6% | 0.0% | 11.2% | 7.4% | 31.5% | 20.6% | 20.7% | 26.0% |
| Net income | 244 | 155 | 214 | 212 | 187 | 193 | 172 | 175 |
| Net margin | 387.3% | 303.9% | 297.2% | 10.6% | 9.3% | 10.0% | 9.1% | 9.2% |
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| Diluted EPS | $2.72 | $1.73 | $2.39 | $2.37 | $2.10 | $2.17 | $2.04 | $2.17 |
| Shares outstanding (diluted) | 90 | 90 | 90 | 89 | 89 | 89 | 84 | 80 |
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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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