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 | 8,971.3 | 8,149.7 | 7,986.3 | 7,791.1 | 7,515.4 | 7,440.2 | 7,386.6 | 7,421.8 |
| Revenue growth | 10.1% | 2.0% | 2.5% | 3.7% | 1.0% | 0.7% | -0.5% | 3.9% |
| Cost of goods sold | 4,922.7 | 4,448.5 | 4,363.8 | 4,215.7 | 4,060.1 | 4,270.6 | 4,004.0 | 4,085.6 |
| Gross profit | 4,048.6 | 3,701.3 | 3,622.5 | 3,575.3 | 3,455.4 | 3,169.5 | 3,382.7 | 3,336.2 |
| Gross margin | 45.1% | 45.4% | 45.4% | 45.9% | 46.0% | 42.6% | 45.8% | 45.0% |
| Selling, general and administrative | 2,001.4 | 1,890.9 | 1,905.9 | 1,874.8 | 1,885.5 | 1,891.3 | 1,969.3 | 1,898.3 |
| EBITA | 2,099.4 | 1,856.8 | 1,763.2 | 1,771.8 | 1,593.3 | 1,304.9 | 1,435.7 | 1,448.7 |
| EBITA margin | 23.4% | 22.8% | 22.1% | 22.7% | 21.2% | 17.5% | 19.4% | 19.5% |
| Amortization of intangibles | 52.1 | 46.5 | 46.7 | 38.6 | 23.4 | 26.7 | 22.3 | 10.8 |
| EBIT | 2,047.2 | 1,810.3 | 1,716.5 | 1,733.2 | 1,569.9 | 1,278.2 | 1,413.4 | 1,437.9 |
| EBIT margin | 22.8% | 22.2% | 21.5% | 22.2% | 20.9% | 17.2% | 19.1% | 19.4% |
| Pre-tax income | 1,797.2 | 1,495.0 | 1,380.8 | 1,410.1 | 1,110.7 | 1,099.5 | 901.8 | 1,306.0 |
| Income taxes | 314.4 | 219.6 | 234.0 | 239.0 | 354.1 | 379.4 | 388.9 | 459.1 |
| Tax rate | 17.5% | 14.7% | 16.9% | 17.0% | 31.9% | 34.5% | 43.1% | 35.2% |
| Net income | 1,477.5 | 1,278.7 | 1,149.7 | 1,177.6 | 783.0 | 720.0 | 513.0 | 846.9 |
| Net margin | 16.5% | 15.7% | 14.4% | 15.1% | 10.4% | 9.7% | 6.9% | 11.4% |
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| Diluted EPS | $5.51 | $4.74 | $4.24 | $4.34 | $2.85 | $2.61 | $1.82 | $3.77 |
| Shares outstanding (diluted) | 268.4 | 270.0 | 271.3 | 271.6 | 274.4 | 275.9 | 281.3 | 224.8 |
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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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