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 | 12,794.0 | 13,089.0 | 11,629.0 | 12,506.1 | 11,876.7 | 9,736.9 | 8,584.0 | 7,192.6 |
| Revenue growth | -2.3% | 12.6% | -7.0% | 5.3% | 22.0% | 13.4% | 19.3% | 6.7% |
| Cost of goods sold | 7,571.0 | 7,767.0 | 7,036.0 | 7,654.3 | 7,301.8 | 5,937.3 | 5,232.3 | 4,359.1 |
| Gross profit | 5,223.0 | 5,322.0 | 4,593.0 | 4,851.8 | 4,574.9 | 3,799.6 | 3,351.7 | 2,833.5 |
| Gross margin | 40.8% | 40.7% | 39.5% | 38.8% | 38.5% | 39.0% | 39.0% | 39.4% |
| Selling, general and administrative | 3,544.0 | 3,568.0 | 3,266.0 | 3,580.3 | 3,352.7 | 2,715.4 | 2,359.1 | 1,987.3 |
| EBITA | 1,528.0 | 1,601.0 | 1,113.0 | 1,041.3 | 987.2 | 972.6 | 883.6 | 752.0 |
| EBITA margin | 11.9% | 12.2% | 9.6% | 8.3% | 8.3% | 10.0% | 10.3% | 10.5% |
| Amortization of intangibles | 95.0 | 104.0 | 119.0 | 140.0 | 137.0 | 102.0 | 83.0 | 34.0 |
| EBIT | 1,433.0 | 1,497.0 | 994.0 | 901.3 | 850.2 | 870.6 | 800.6 | 718.0 |
| EBIT margin | 11.2% | 11.4% | 8.5% | 7.2% | 7.2% | 8.9% | 9.3% | 10.0% |
| Pre-tax income | 1,518.0 | 1,399.0 | 885.0 | 791.0 | 743.4 | 766.6 | 677.3 | 649.0 |
| Income taxes | 385.0 | 331.0 | 250.0 | 215.3 | 191.4 | 235.6 | 220.6 | 219.7 |
| Tax rate | 25.4% | 23.7% | 28.2% | 27.2% | 25.7% | 30.7% | 32.6% | 33.9% |
| Earnings from continuing ops | 1,150.0 | 1,092.0 | 640.0 | 545.0 | 970.7 | 1,067.2 | 464.0 | 423.2 |
| Earnings from discontinued ops | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net income | 1,150.0 | 1,092.0 | 640.0 | 545.0 | 970.7 | 1,067.2 | 464.0 | 423.2 |
| Net margin | 9.0% | 8.3% | 5.5% | 4.4% | 8.2% | 11.0% | 5.4% | 5.9% |
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| Diluted EPS | $4.14 | $3.67 | $2.10 | $1.75 | $3.07 | $3.44 | $1.50 | $1.38 |
| Shares outstanding (diluted) | 278.0 | 297.7 | 305.0 | 311.0 | 315.8 | 310.6 | 309.8 | 307.5 |
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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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