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 | 3,070.0 | 3,154.0 | 1,864.0 | 1,935.0 | 1,332.5 | 1,270.5 | 1,162.0 | 1,150.8 |
| Revenue growth | -2.7% | 69.2% | -3.7% | 45.2% | 4.9% | 9.3% | 1.0% | -1.4% |
| Cost of goods sold | 1,347.0 | 1,149.0 | 775.0 | 743.0 | 642.1 | 614.7 | 562.8 | 532.2 |
| Gross profit | 1,723.0 | 2,005.0 | 1,089.0 | 1,192.0 | 690.4 | 655.9 | 599.3 | 618.6 |
| Gross margin | 56.1% | 63.6% | 58.4% | 61.6% | 51.8% | 51.6% | 51.6% | 53.8% |
| Selling, general and administrative | | | | | | | | |
| Sales and marketing | 37.0 | 18.0 | 34.0 | 25.0 | 19.2 | 21.6 | 19.2 | 18.7 |
| General and administrative | 117.0 | 87.0 | 71.0 | 86.0 | 124.9 | 90.0 | 77.8 | 27.0 |
| EBITA | 1,370.0 | 1,578.0 | 706.0 | 797.0 | 516.7 | 516.9 | 471.4 | 491.6 |
| EBITA margin | 44.6% | 50.0% | 37.9% | 41.2% | 38.8% | 40.7% | 40.6% | 42.7% |
| Amortization of intangibles | 56.0 | 40.0 | 25.0 | 26.0 | 8.7 | 5.2 | 5.3 | 4.2 |
| EBIT | 1,314.0 | 1,538.0 | 681.0 | 771.0 | 508.0 | 511.7 | 466.2 | 487.4 |
| EBIT margin | 42.8% | 48.8% | 36.5% | 39.8% | 38.1% | 40.3% | 40.1% | 42.4% |
| Pre-tax income | 1,284.0 | 933.0 | 586.0 | 714.0 | 308.9 | 345.3 | 108.3 | 318.2 |
| Income taxes | 274.0 | 76.0 | 134.0 | 157.0 | 131.9 | 106.8 | 10.9 | 84.2 |
| Tax rate | 21.3% | 8.1% | 22.9% | 22.0% | 42.7% | 30.9% | 10.1% | 26.5% |
| Net income | 962.0 | 822.0 | 435.0 | 539.0 | 159.3 | 220.8 | 79.7 | 216.3 |
| Net margin | 31.3% | 26.1% | 23.3% | 27.9% | 12.0% | 17.4% | 6.9% | 18.8% |
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| Diluted EPS | $1.75 | $1.90 | $1.38 | $1.65 | $0.65 | $0.94 | $0.34 | $0.91 |
| Shares outstanding (diluted) | 551.2 | 433.7 | 315.7 | 327.4 | 244.5 | 235.3 | 236.3 | 236.7 |
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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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