Financial Summary (All financials)
| In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
| Revenues | 4,028.2 | 4,928.0 | 4,170.1 | 2,779.5 | 2,446.9 | 2,064.3 | 1,793.6 | 1,809.0 |
| Revenue growth | -18.3% | 18.2% | 50.0% | 13.6% | 18.5% | 15.1% | -0.9% | 5.3% |
| Cost of goods sold | 2,492.5 | 3,577.3 | 2,993.1 | 1,855.2 | 1,668.9 | 1,369.4 | 1,189.3 | 1,258.0 |
| Gross profit | 1,535.7 | 1,350.6 | 1,177.0 | 924.4 | 778.0 | 694.9 | 604.2 | 551.0 |
| Gross margin | 38.1% | 27.4% | 28.2% | 33.3% | 31.8% | 33.7% | 33.7% | 30.5% |
| Selling, general and administrative | 713.0 | 616.6 | 603.6 | 390.3 | 346.3 | 312.4 | 247.6 | 227.3 |
| EBIT | 867.9 | 774.6 | 599.5 | 559.5 | 449.2 | 395.5 | 366.8 | 332.5 |
| EBIT margin | 21.5% | 15.7% | 14.4% | 20.1% | 18.4% | 19.2% | 20.5% | 18.4% |
| Pre-tax income | 659.8 | 617.6 | 461.0 | 493.6 | 392.9 | 352.5 | 352.9 | 316.6 |
| Income taxes | 127.0 | 65.9 | 161.2 | 151.4 | 129.8 | 111.0 | 114.1 | 102.6 |
| Tax rate | 19.2% | 10.7% | 35.0% | 30.7% | 33.0% | 31.5% | 32.3% | 32.4% |
| Earnings from continuing ops | 576.7 | 586.2 | 319.6 | 362.6 | 274.2 | 242.7 | 243.3 | 220.6 |
| Earnings from discontinued ops | | | | 1.4 | 48.7 | 2.1 | 1.0 | |
| Net income | 576.7 | 586.2 | 319.6 | 364.0 | 322.9 | 244.8 | 244.3 | 220.6 |
| Net margin | 14.3% | 11.9% | 7.7% | 13.1% | 13.2% | 11.9% | 13.6% | 12.2% |
| |
| Diluted EPS | $3.14 | $3.16 | $1.73 | $1.97 | $1.46 | $1.28 | $1.28 | $1.15 |
| Shares outstanding (diluted) | 183.9 | 185.4 | 184.4 | 183.6 | 187.7 | 189.7 | 189.4 | 191.8 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|