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 | 6,546.0 | 5,975.8 | 6,087.6 | 5,974.7 | 5,403.3 | 4,987.8 | 4,745.6 | 4,325.2 |
| Revenue growth | 9.5% | -1.8% | 1.9% | 10.6% | 8.3% | 5.1% | 9.7% | 6.3% |
| Cost of goods sold | 2,219.7 | 2,177.2 | 2,071.9 | 2,008.0 | 1,925.5 | 1,718.5 | 1,616.8 | 1,598.2 |
| Gross profit | 4,326.3 | 3,798.6 | 4,015.7 | 3,966.7 | 3,477.8 | 3,269.3 | 3,128.8 | 2,727.0 |
| Gross margin | 66.1% | 63.6% | 66.0% | 66.4% | 64.4% | 65.5% | 65.9% | 63.0% |
| Selling, general and administrative | | | | | | 920.4 | 881.0 | 843.3 |
| General and administrative | 1,280.8 | 1,150.8 | 1,129.7 | 1,096.1 | 988.3 | 627.1 | 595.7 | 574.6 |
| EBITA | 2,317.5 | 1,934.9 | 2,211.6 | 2,282.4 | 1,855.2 | 1,762.5 | 1,737.7 | 1,419.8 |
| EBITA margin | 35.4% | 32.4% | 36.3% | 38.2% | 34.3% | 35.3% | 36.6% | 32.8% |
| Amortization of intangibles | 14.8 | 16.9 | 16.6 | 17.4 | 11.4 | 8.8 | 10.9 | 19.5 |
| EBIT | 2,302.7 | 1,918.0 | 2,195.0 | 2,265.0 | 1,843.8 | 1,753.7 | 1,726.8 | 1,400.3 |
| EBIT margin | 35.2% | 32.1% | 36.1% | 37.9% | 34.1% | 35.2% | 36.4% | 32.4% |
| Pre-tax income | 2,010.1 | 1,627.6 | 1,944.1 | 1,957.8 | 1,633.9 | 1,517.1 | 1,465.0 | 1,190.2 |
| Income taxes | 464.8 | 418.3 | 451.9 | 401.4 | 434.9 | 484.6 | 491.2 | 378.4 |
| Tax rate | 23.1% | 25.7% | 23.2% | 20.5% | 26.6% | 31.9% | 33.5% | 31.8% |
| Net income | 1,503.5 | 1,153.1 | 1,445.8 | 1,510.0 | 1,149.2 | 1,009.1 | 950.4 | 802.3 |
| Net margin | 23.0% | 19.3% | 23.7% | 25.3% | 21.3% | 20.2% | 20.0% | 18.5% |
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| Diluted EPS | $7.20 | $5.52 | $6.71 | $6.73 | $5.00 | $4.40 | $4.06 | $3.37 |
| Shares outstanding (diluted) | 208.9 | 209.0 | 215.6 | 224.5 | 229.7 | 229.2 | 234.2 | 237.7 |
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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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