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 | 9,376.2 | 8,910.6 | 5,758.0 | 6,110.0 | 6,946.1 | 6,268.4 | 5,550.6 | 2,854.4 |
| Revenue growth | 5.2% | 54.8% | -5.8% | -12.0% | 10.8% | 12.9% | 94.5% | 27.4% |
| Cost of goods sold | 7,194.3 | 6,616.4 | 5,374.6 | 5,439.2 | 5,822.1 | 5,554.9 | 4,944.5 | 2,486.8 |
| Gross profit | 2,181.9 | 2,294.2 | 383.4 | 670.8 | 1,124.0 | 713.5 | 606.1 | 367.6 |
| Gross margin | 23.3% | 25.7% | 6.7% | 11.0% | 16.2% | 11.4% | 10.9% | 12.9% |
| Selling, general and administrative | 393.9 | 416.9 | 422.0 | 416.9 | 430.6 | 369.8 | 347.2 | 186.3 |
| Research and development | | | | | | | | |
| EBIT | 1,828.3 | 1,897.8 | -29.3 | 335.9 | 698.9 | 394.0 | 271.2 | 228.7 |
| EBIT margin | 19.5% | 21.3% | -0.5% | 5.5% | 10.1% | 6.3% | 4.9% | 8.0% |
| Pre-tax income | 1,676.0 | 1,538.7 | -1,020.0 | -36.9 | 437.3 | 117.2 | -34.2 | 6.7 |
| Income taxes | 349.1 | 242.0 | -50.1 | -25.6 | 109.4 | -432.3 | -30.3 | 8.1 |
| Tax rate | 20.8% | 15.7% | 4.9% | 69.4% | 25.0% | | 88.6% | 120.9% |
| Net income | 1,326.9 | 1,296.7 | -969.9 | -11.3 | 327.9 | 549.5 | -3.9 | -1.4 |
| Net margin | 14.2% | 14.6% | -16.8% | -0.2% | 4.7% | 8.8% | -0.1% | 0.0% |
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| Diluted EPS | $8.94 | $7.96 | ($6.14) | ($0.07) | $1.95 | $3.26 | ($0.02) | ($0.01) |
| Shares outstanding (diluted) | 148.5 | 163.0 | 157.9 | 162.3 | 168.4 | 168.5 | 165.2 | 103.4 |
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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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