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 | 4,348.6 | 4,014.9 | 3,566.3 | 4,605.0 | 4,277.3 | 3,913.9 | 0.0 | 3,162.9 |
| Revenue growth | 8.3% | 12.6% | -22.6% | 7.7% | 9.3% | | -100.0% | 31.5% |
| Cost of goods sold | 3,118.4 | 2,782.2 | 2,510.3 | 3,278.9 | 3,017.1 | 2,759.7 | 2,547.8 | 2,156.8 |
| Gross profit | 1,230.2 | 1,232.7 | 1,056.0 | 1,326.1 | 1,260.2 | 1,154.2 | -2,547.8 | 1,006.1 |
| Gross margin | 28.3% | 30.7% | 29.6% | 28.8% | 29.5% | 29.5% | | 31.8% |
| Selling, general and administrative | | | | | | | | |
| General and administrative | 356.4 | 353.7 | 322.6 | 414.9 | 378.9 | 321.0 | 273.4 | 265.0 |
| EBITA | 659.1 | 692.0 | 561.6 | 742.2 | 741.7 | 685.3 | 692.3 | 554.1 |
| EBITA margin | 15.2% | 17.2% | 15.7% | 16.1% | 17.3% | 17.5% | | 17.5% |
| Amortization of intangibles | 28.8 | 31.2 | 32.9 | 58.4 | 51.4 | 49.3 | 48.5 | 36.0 |
| EBIT | 630.3 | 660.8 | 528.7 | 683.8 | 690.3 | 636.0 | 643.8 | 518.1 |
| EBIT margin | 14.5% | 16.5% | 14.8% | 14.8% | 16.1% | 16.2% | | 16.4% |
| Pre-tax income | 450.8 | 505.0 | 352.9 | 562.3 | 493.2 | 496.4 | 482.0 | 395.6 |
| Income taxes | 100.1 | 101.9 | 74.7 | 115.9 | 118.9 | 145.8 | 163.9 | 141.9 |
| Tax rate | 22.2% | 20.2% | 21.2% | 20.6% | 24.1% | 29.4% | 34.0% | 35.9% |
| Earnings from continuing ops | 255.8 | 298.1 | 193.6 | 805.7 | 291.2 | 622.1 | 247.6 | 182.4 |
| Earnings from discontinued ops | 15.2 | 114.1 | 90.6 | -0.6 | 1.1 | -0.4 | | -0.9 |
| Net income | 271.0 | 412.2 | 284.2 | 805.1 | 292.3 | 621.7 | 247.6 | 181.5 |
| Net margin | 6.2% | 10.3% | 8.0% | 17.5% | 6.8% | 15.9% | | 5.7% |
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| Diluted EPS | $2.55 | $2.98 | $1.94 | $8.11 | $2.92 | $6.26 | $2.49 | $1.81 |
| Shares outstanding (diluted) | 100.4 | 100.2 | 99.8 | 99.4 | 99.8 | 99.3 | 99.5 | 101.0 |
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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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