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-05-18 | Dec-31-17 | Dec-31-16 |
| Revenues | 9,440.0 | 7,131.0 | 6,537.0 | 6,141.0 | 6,011.9 | 6,029.4 | 4,384.9 | 4,298.1 |
| Revenue growth | 32.4% | 9.1% | 6.4% | 2.1% | 37.1% | | 2.0% | 3.3% |
| Cost of goods sold | 7,610.0 | 6,085.0 | 5,460.0 | 5,068.0 | 5,077.0 | 5,077.0 | 3,696.1 | 3,497.1 |
| Gross profit | 1,830.0 | 1,046.0 | 1,077.0 | 1,073.0 | 934.9 | 952.4 | 688.8 | 801.0 |
| Gross margin | 19.4% | 14.7% | 16.5% | 17.5% | 15.6% | 15.8% | 15.7% | 18.6% |
| Selling, general and administrative | 774.0 | 528.0 | 513.0 | 512.0 | 472.1 | 472.1 | 347.5 | 353.4 |
| Research and development | | | | | | | | |
| EBIT | 906.0 | 429.0 | 550.0 | 544.0 | 498.0 | 458.2 | 333.3 | 409.2 |
| EBIT margin | 9.6% | 6.0% | 8.4% | 8.9% | 8.3% | 7.6% | 7.6% | 9.5% |
| Pre-tax income | 716.0 | 289.0 | 244.0 | 354.0 | 347.5 | 347.5 | 253.0 | 319.4 |
| Income taxes | 194.0 | -74.0 | -42.0 | 76.0 | 54.7 | -54.7 | -45.5 | 93.2 |
| Tax rate | 27.1% | | | 21.5% | 15.7% | | | 29.2% |
| Earnings from continuing ops | 522.0 | 204.0 | 167.0 | 207.0 | 221.1 | 294.0 | 300.2 | 228.0 |
| Earnings from discontinued ops | | | 203.0 | 278.0 | 294.0 | | | |
| Net income | 522.0 | 204.0 | 167.0 | 207.0 | 221.1 | 294.0 | 300.2 | 228.0 |
| Net margin | 5.5% | 2.9% | 2.6% | 3.4% | 3.7% | 4.9% | 6.8% | 5.3% |
| |
| Diluted EPS | $1.69 | $0.68 | $0.60 | $0.70 | $0.71 | $0.95 | $0.96 | $0.71 |
| Shares outstanding (diluted) | 309.5 | 297.9 | 279.6 | 294.8 | 310.1 | 310.1 | 311.9 | 321.5 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|