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-31-17 | Dec-31-16 | Dec-31-15 |
| Revenues | 2,248.6 | 2,043.5 | 1,695.4 | 1,557.8 | 1,434.0 | 1,274.2 | 1,150.7 | 1,075.0 |
| Revenue growth | 10.0% | 20.5% | 8.8% | 8.6% | 12.5% | 10.7% | 7.0% | 7.9% |
| Cost of goods sold | 0.0 | 358.7 | 291.7 | 295.0 | 287.3 | 273.7 | 252.1 | 267.7 |
| Gross profit | 2,248.6 | 1,684.9 | 1,403.7 | 1,262.8 | 1,146.6 | 1,000.5 | 898.6 | 807.3 |
| Gross margin | 100.0% | 82.4% | 82.8% | 81.1% | 80.0% | 78.5% | 78.1% | 75.1% |
| Selling, general and administrative | | | | | | | | |
| Sales and marketing | 264.6 | 243.2 | 216.5 | 219.3 | 192.9 | 177.1 | 166.7 | 162.3 |
| Research and development | 107.2 | 111.6 | 101.1 | 98.3 | 81.4 | 75.8 | 75.2 | 77.3 |
| General and administrative | 146.9 | 147.9 | 114.6 | 110.1 | 99.9 | 87.8 | 87.2 | 86.0 |
| EBITA | 1,298.7 | 1,153.3 | 941.7 | 805.1 | 741.1 | 624.3 | 535.1 | 450.8 |
| EBITA margin | 57.8% | 56.4% | 55.5% | 51.7% | 51.7% | 49.0% | 46.5% | 41.9% |
| Amortization of intangibles | 91.1 | 80.6 | 56.9 | 49.4 | 54.2 | 44.5 | 47.0 | 46.9 |
| EBIT | 1,207.6 | 1,072.7 | 884.8 | 755.7 | 686.9 | 579.8 | 488.1 | 403.9 |
| EBIT margin | 53.7% | 52.5% | 52.2% | 48.5% | 47.9% | 45.5% | 42.4% | 37.6% |
| Pre-tax income | 1,043.8 | 858.1 | 686.2 | 603.3 | 629.9 | 466.9 | 385.9 | 349.6 |
| Income taxes | 173.3 | 132.2 | 84.4 | 39.7 | 122.0 | 162.9 | 125.1 | 119.5 |
| Tax rate | 16.6% | 15.4% | 12.3% | 6.6% | 19.4% | 34.9% | 32.4% | 34.2% |
| Net income | 870.6 | 726.0 | 601.8 | 563.6 | 507.9 | 304.0 | 260.9 | 223.6 |
| Net margin | 38.7% | 35.5% | 35.5% | 36.2% | 35.4% | 23.9% | 22.7% | 20.8% |
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| Diluted EPS | $10.72 | $8.70 | $7.12 | $6.59 | $5.66 | $3.31 | $2.70 | $2.09 |
| Shares outstanding (diluted) | 81.2 | 83.5 | 84.5 | 85.5 | 89.7 | 91.9 | 96.5 | 109.9 |
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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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