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 | 3,250.8 | 2,697.1 | 2,547.6 | 2,745.4 | 2,305.4 | 2,429.6 | 1,804.3 | 1,752.1 |
| Revenue growth | 20.5% | 5.9% | -7.2% | 19.1% | -5.1% | 34.7% | 3.0% | 14.3% |
| Cost of goods sold | 654.6 | 581.3 | 580.9 | 641.2 | 480.9 | 345.6 | 802.2 | 332.0 |
| Gross profit | 2,596.2 | 2,115.8 | 1,966.7 | 2,104.2 | 1,824.5 | 2,084.0 | 1,002.1 | 1,420.1 |
| Gross margin | 79.9% | 78.4% | 77.2% | 76.6% | 79.1% | 85.8% | 55.5% | 81.1% |
| Selling, general and administrative | | | | | | | | |
| General and administrative | 272.6 | 259.8 | 224.1 | 175.9 | 119.0 | 107.1 | 89.4 | 77.8 |
| EBITA | 1,823.7 | 1,603.2 | 1,783.6 | 1,507.1 | 1,318.1 | 1,157.5 | 843.5 | 769.1 |
| EBITA margin | 56.1% | 59.4% | 70.0% | 54.9% | 57.2% | 47.6% | 46.7% | 43.9% |
| Amortization of intangibles | 31.7 | 31.7 | 33.0 | 32.0 | 30.8 | 30.7 | 28.4 | 28.2 |
| EBIT | 1,792.0 | 1,571.5 | 1,750.6 | 1,475.1 | 1,287.3 | 1,126.8 | 815.1 | 740.9 |
| EBIT margin | 55.1% | 58.3% | 68.7% | 53.7% | 55.8% | 46.4% | 45.2% | 42.3% |
| Pre-tax income | 1,255.6 | 934.2 | 522.9 | 821.2 | 689.6 | 677.5 | 605.4 | 56.6 |
| Income taxes | 4.2 | -9.8 | 6.0 | 13.5 | 58.9 | -59.9 | 8.4 | 45.5 |
| Tax rate | 0.3% | | 1.1% | 1.6% | 8.5% | | 1.4% | 80.4% |
| Net income | 1,189.6 | 896.5 | 515.9 | 662.3 | 369.4 | 376.6 | 334.4 | 86.1 |
| Net margin | 36.6% | 33.2% | 20.3% | 24.1% | 16.0% | 15.5% | 18.5% | 4.9% |
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| Diluted EPS | $3.00 | $2.18 | $1.18 | $1.59 | | | | |
| Shares outstanding (diluted) | 396.2 | 412.0 | 435.6 | 415.8 | | | | |
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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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