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 | 7,822.0 | 7,556.0 | 8,200.0 | 4,363.5 | 3,881.7 | -1,082.7 | 3,308.0 | 3,044.5 |
| Revenue growth | 3.5% | -7.9% | 87.9% | 12.4% | -458.5% | -132.7% | 8.7% | 18.6% |
| Cost of goods sold | 5,453.0 | 5,419.0 | 5,922.0 | 3,129.6 | 2,816.4 | -2,006.9 | 2,260.2 | 2,108.5 |
| Gross profit | 2,369.0 | 2,137.0 | 2,278.0 | 1,233.9 | 1,065.3 | 924.2 | 1,047.8 | 936.0 |
| Gross margin | 30.3% | 28.3% | 27.8% | 28.3% | 27.4% | -85.4% | 31.7% | 30.7% |
| Selling, general and administrative | 1,030.0 | 948.0 | 1,167.0 | 633.2 | 512.5 | 373.6 | 347.4 | 324.5 |
| Research and development | 176.0 | 162.0 | 210.0 | 87.5 | 95.2 | 71.4 | 71.2 | 61.9 |
| EBITA | 1,163.0 | 1,027.0 | 901.0 | 513.2 | 457.6 | 479.3 | 629.2 | 549.6 |
| EBITA margin | 14.9% | 13.6% | 11.0% | 11.8% | 11.8% | -44.3% | 19.0% | 18.1% |
| Amortization of intangibles | 287.0 | 282.0 | 238.0 | 39.8 | 36.5 | 22.7 | 21.7 | 22.4 |
| EBIT | 876.0 | 745.0 | 663.0 | 473.4 | 421.1 | 456.6 | 607.6 | 527.1 |
| EBIT margin | 11.2% | 9.9% | 8.1% | 10.8% | 10.8% | -42.2% | 18.4% | 17.3% |
| Pre-tax income | 737.0 | 557.0 | 447.0 | 367.6 | 352.1 | 412.8 | 585.4 | 507.9 |
| Income taxes | 172.0 | 145.0 | 120.0 | 75.9 | 89.8 | 99.4 | 186.7 | 156.2 |
| Tax rate | 23.3% | 26.0% | 26.8% | 20.6% | 25.5% | 24.1% | 31.9% | 30.8% |
| Net income | 558.0 | 414.0 | 327.0 | 294.9 | 262.3 | 304.9 | 398.6 | 351.7 |
| Net margin | 7.1% | 5.5% | 4.0% | 6.8% | 6.8% | -28.2% | 12.1% | 11.6% |
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| Diluted EPS | $2.97 | $2.17 | $1.84 | $3.06 | $2.73 | $3.35 | $4.11 | $3.63 |
| Shares outstanding (diluted) | 188.1 | 190.4 | 177.3 | 96.5 | 96.1 | 91.1 | 97.0 | 96.9 |
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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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