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 | 1,903.0 | 1,846.0 | 1,154.0 | 944.0 | 854.0 | 818.0 | 1,319.0 | 487.0 |
| Revenue growth | 3.1% | 60.0% | 22.2% | 10.5% | 4.4% | -38.0% | 170.8% | -70.4% |
| Cost of goods sold | 533.0 | 466.0 | 377.0 | 318.0 | 299.0 | 269.0 | 237.0 | 233.0 |
| Gross profit | 1,370.0 | 1,380.0 | 777.0 | 626.0 | 555.0 | 549.0 | 1,082.0 | 254.0 |
| Gross margin | 72.0% | 74.8% | 67.3% | 66.3% | 65.0% | 67.1% | 82.0% | 52.2% |
| Selling, general and administrative | 369.0 | 324.0 | 285.0 | 228.0 | 199.0 | 170.0 | 208.0 | 125.0 |
| General and administrative | 181.0 | 148.0 | 124.0 | 28.0 | 30.0 | 29.0 | 36.0 | 51.0 |
| EBIT | 693.0 | 705.0 | 265.0 | 222.0 | 202.0 | 251.0 | 874.0 | 49.0 |
| EBIT margin | 36.4% | 38.2% | 23.0% | 23.5% | 23.7% | 30.7% | 66.3% | 10.1% |
| Pre-tax income | 690.0 | 704.0 | 266.0 | 232.0 | 211.0 | 258.0 | 240.0 | -103.0 |
| Income taxes | 157.0 | 166.0 | 48.0 | 45.0 | 148.0 | 87.0 | 82.0 | -34.0 |
| Tax rate | 22.8% | 23.6% | 18.0% | 19.4% | 70.1% | 33.7% | 34.2% | 33.0% |
| Net income | 533.0 | 538.0 | 218.0 | 187.0 | 63.0 | 171.0 | 158.0 | -70.0 |
| Net margin | 28.0% | 29.1% | 18.9% | 19.8% | 7.4% | 20.9% | 12.0% | -14.4% |
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| Diluted EPS | $9.96 | $9.52 | $3.81 | $3.21 | $1.08 | $2.97 | $2.76 | ($1.24) |
| Shares outstanding (diluted) | 53.5 | 56.5 | 57.2 | 58.3 | 58.2 | 57.6 | 57.2 | 56.2 |
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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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