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 | 4,491.5 | 4,147.3 | 4,262.6 | 4,225.8 | 3,845.6 | 3,511.5 | 3,008.0 | 3,117.7 |
| Revenue growth | 8.3% | -2.7% | 0.9% | 9.9% | 9.5% | 16.7% | -3.5% | 3.1% |
| Cost of goods sold | 1,874.5 | 1,780.3 | 1,820.0 | 1,844.6 | 1,664.8 | 1,567.8 | 1,290.0 | 1,344.6 |
| Gross profit | 2,617.1 | 2,366.9 | 2,442.6 | 2,381.1 | 2,180.8 | 1,943.7 | 1,718.0 | 1,773.1 |
| Gross margin | 58.3% | 57.1% | 57.3% | 56.3% | 56.7% | 55.4% | 57.1% | 56.9% |
| Selling, general and administrative | 1,022.6 | 949.2 | 991.7 | 1,007.0 | 937.2 | 988.3 | 845.0 | 869.6 |
| EBITA | 1,129.4 | 970.2 | 994.6 | 921.4 | 753.2 | 588.4 | 568.8 | 597.9 |
| EBITA margin | 25.1% | 23.4% | 23.3% | 21.8% | 19.6% | 16.8% | 18.9% | 19.2% |
| Amortization of intangibles | 215.4 | 204.5 | 201.9 | 186.8 | 116.1 | 86.8 | 44.2 | 48.6 |
| EBIT | 914.1 | 765.6 | 792.7 | 734.6 | 637.1 | 501.6 | 524.5 | 549.3 |
| EBIT margin | 20.4% | 18.5% | 18.6% | 17.4% | 16.6% | 14.3% | 17.4% | 17.6% |
| Pre-tax income | 629.0 | 372.7 | 328.1 | 410.3 | 201.0 | 148.8 | 162.9 | 231.7 |
| Income taxes | 176.3 | 29.6 | 59.9 | 42.8 | 23.0 | 44.9 | 37.7 | -97.3 |
| Tax rate | 28.0% | 7.9% | 18.3% | 10.4% | 11.4% | 30.2% | 23.1% | |
| Earnings from continuing ops | 450.2 | 342.7 | 267.3 | 366.4 | 176.4 | 101.5 | 123.2 | 326.3 |
| Earnings from discontinued ops | | | 0.1 | -12.4 | -6.3 | 3.4 | | -0.2 |
| Net income | 450.2 | 342.7 | 267.4 | 353.9 | 170.1 | 104.8 | 123.2 | 326.1 |
| Net margin | 10.0% | 8.3% | 6.3% | 8.4% | 4.4% | 3.0% | 4.1% | 10.5% |
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| Diluted EPS | $1.55 | $1.19 | $0.93 | $1.28 | $0.66 | $0.41 | $0.58 | $1.66 |
| Shares outstanding (diluted) | 291.0 | 288.6 | 287.7 | 286.7 | 266.8 | 247.3 | 212.1 | 196.7 |
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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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