Overview Financials News + Filings Key Docs Charts Ownership Insiders
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| In millions, except per share items | Jun-30-23 | Dec-31-22 | Jun-30-22 | Mar-31-22 | Dec-31-21 | Sep-30-21 | Jun-30-21 | Mar-31-21 |
| | 10-Q | 8-K | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q |
| Revenues | 2,180 | 2,040 | 2,052 | 1,986 | 1,967 | 1,990 | 1,948 | 1,871 |
| Revenue growth | 6.2% | 3.7% | 5.3% | 6.1% | 8.9% | 11.4% | 25.8% | 22.0% |
| Cost of goods sold | 607 | 653 | 625 | 569 | 600 | 586 | 568 | 549 |
| Gross profit | 1,573 | 1,387 | 1,427 | 1,417 | 1,367 | 1,404 | 1,380 | 1,322 |
| Gross margin | 72.2% | 68.0% | 69.5% | 71.3% | 69.5% | 70.6% | 70.8% | 70.7% |
| Selling, general and administrative [+] | 556 | 514 | 529 | 465 | 593 | 504 | 495 | 409 |
| General and administrative | | | | | 593 | | | |
| Research and development | 146 | 148 | 135 | 122 | 138 | 132 | 120 | 118 |
| Other operating expenses | -68 | 69 | 38 | 47 | 112 | 41 | 49 | 40 |
| EBITDA [+] | 1,060 | 691 | 842 | 897 | 641 | 837 | 828 | 864 |
| EBITDA growth | 25.9% | 7.8% | 1.7% | 3.8% | 12.9% | 7.6% | 24.7% | 29.0% |
| EBITDA margin | 48.6% | 33.9% | 41.0% | 45.2% | 32.6% | 42.1% | 42.5% | 46.2% |
| Depreciation | 73 | | 70 | 62 | 67 | 59 | 60 | 58 |
| EBITA | 987 | 691 | 772 | 835 | 574 | 778 | 768 | 806 |
| EBITA margin | 45.3% | 33.9% | 37.6% | 42.0% | 29.2% | 39.1% | 39.4% | 43.1% |
| Amortization of intangibles | 48 | 35 | 47 | 52 | 50 | 51 | 52 | 51 |
| EBIT [+] | 939 | 656 | 725 | 783 | 524 | 727 | 716 | 755 |
| EBIT growth | 29.5% | 25.2% | 1.3% | 3.7% | 14.2% | 9.0% | 29.5% | 34.8% |
| EBIT margin | 43.1% | 32.2% | 35.3% | 39.4% | 26.6% | 36.5% | 36.8% | 40.4% |
| Non-recurring items [+] | 8 | 2 | 1 | 2 | -39 | 9 | 21 | 9 |
| Restructuring charges | 8 | 2 | 1 | 2 | | 9 | 21 | 9 |
| Interest expense | 58 | 62 | 53 | 53 | 54 | 56 | 57 | 57 |
| Interest expense | 58 | 62 | 53 | 53 | 54 | 56 | 57 | 57 |
| Other income (expense), net | -1 | | -1 | -1 | -3 | -3 | -2 | -2 |
| Pre-tax income | 872 | 592 | 670 | 727 | 506 | 659 | 636 | 687 |
| Income taxes | 202 | 132 | 141 | 133 | 93 | 107 | 125 | 129 |
| Tax rate | 23.2% | 22.3% | 21.0% | 18.3% | 18.4% | 16.2% | 19.7% | 18.8% |
| Minority interest | -1 | | | -1 | -1 | | -1 | -1 |
| Net income | 671 | 0 | 529 | 595 | 414 | 552 | 512 | 559 |
| Net margin | 30.8% | 0.0% | 25.8% | 30.0% | 21.0% | 27.7% | 26.3% | 29.9% |
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| Basic EPS [+] | $1.45 | $0.00 | $1.13 | $1.26 | $0.87 | $1.16 | $1.08 | $1.18 |
| Growth | 29.1% | -100.0% | 4.4% | 7.2% | 15.6% | 15.6% | 36.0% | 32.2% |
| Diluted EPS [+] | $1.45 | $0.00 | $1.12 | $1.26 | $0.87 | $1.16 | $1.07 | $1.17 |
| Growth | 29.2% | -100.0% | 4.5% | 7.3% | 15.8% | 15.8% | 36.1% | 32.5% |
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| Dividends per share [+] | $0.38 | | $0.33 | $0.33 | $0.58 | $0.25 | $0.25 | $0.25 |
| Growth | 15.4% | -100.0% | 30.0% | 30.0% | 27.8% | 25.7% | 25.0% | 25.0% |
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| Shares outstanding (basic) [+] | 462 | 466 | 470 | 472 | 474 | 474 | 475 | 476 |
| Growth | -1.7% | -1.8% | -1.0% | -0.7% | -0.2% | -0.3% | -0.1% | 0.0% |
| Shares outstanding (diluted) [+] | 463 | 467 | 472 | 474 | 477 | 476 | 477 | 478 |
| Growth | -1.8% | -2.1% | -1.2% | -0.8% | -0.4% | -0.5% | -0.2% | -0.2% |
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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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