Financial Summary (All financials)
| In millions, except per share items | Dec-25-22 | Dec-26-21 | Dec-27-20 | Dec-29-19 | Dec-30-18 | Dec-31-17 | Dec-25-16 | Dec-27-15 |
| Revenues | 17,468.4 | 14,777.5 | 12,091.9 | 11,409.2 | 10,937.8 | 10,767.9 | 10,042.0 | 8,752.7 |
| Revenue growth | 18.2% | 22.2% | 6.0% | 4.3% | 1.6% | 7.2% | 14.7% | 2.0% |
| Cost of goods sold | 15,880.1 | 13,634.8 | 11,405.3 | 10,496.9 | 10,249.7 | 9,423.4 | 8,938.0 | 7,563.7 |
| Gross profit | 1,588.2 | 1,142.7 | 686.6 | 912.3 | 688.1 | 1,344.5 | 1,104.0 | 1,189.0 |
| Gross margin | 9.1% | 7.7% | 5.7% | 8.0% | 6.3% | 12.5% | 11.0% | 13.6% |
| Selling, general and administrative | 604.7 | 1,148.9 | 592.6 | 379.9 | 343.0 | 389.5 | 310.8 | 231.8 |
| EBITA | 1,590.9 | 659.4 | 268.2 | 713.4 | 526.2 | 1,108.5 | 811.9 | 1,075.4 |
| EBITA margin | 9.1% | 4.5% | 2.2% | 6.3% | 4.8% | 10.3% | 8.1% | 12.3% |
| Amortization of intangibles | 33.7 | 26.4 | 22.7 | 22.9 | 25.7 | 26.4 | 18.7 | 8.5 |
| EBIT | 1,557.2 | 633.1 | 245.5 | 690.5 | 500.5 | 1,082.1 | 793.2 | 1,066.9 |
| EBIT margin | 8.9% | 4.3% | 2.0% | 6.1% | 4.6% | 10.0% | 7.9% | 12.2% |
| Pre-tax income | 1,025.5 | 92.4 | 161.8 | 617.5 | 332.2 | 982.1 | 724.0 | 1,001.3 |
| Income taxes | 278.9 | 61.1 | 66.8 | 161.0 | 85.4 | 263.9 | 243.9 | 338.4 |
| Tax rate | 27.2% | 66.2% | 41.3% | 26.1% | 25.7% | 26.9% | 33.7% | 33.8% |
| Net income | 745.9 | 31.0 | 94.8 | 455.9 | 247.9 | 718.1 | 480.9 | 662.9 |
| Net margin | 4.3% | 0.2% | 0.8% | 4.0% | 2.3% | 6.7% | 4.8% | 7.6% |
| |
| Diluted EPS | $3.10 | $0.13 | $0.38 | $1.83 | $1.00 | $2.88 | $1.89 | $2.56 |
| Shares outstanding (diluted) | 240.4 | 244.1 | 246.1 | 249.7 | 249.1 | 249.0 | 254.1 | 258.7 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|