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 | 10,047.9 | 10,934.1 | 7,984.9 | 7,285.6 | 7,096.7 | 6,654.5 | 5,379.8 | 5,045.9 |
| Revenue growth | -8.1% | 36.9% | 9.6% | 2.7% | 6.6% | 23.7% | 6.6% | -12.8% |
| Cost of goods sold | 4,649.1 | 3,894.4 | 3,929.8 | 3,606.4 | 3,409.0 | 3,252.8 | 3,034.1 | 2,927.6 |
| Gross profit | 5,398.8 | 7,039.7 | 4,055.1 | 3,679.2 | 3,687.7 | 3,401.7 | 2,345.7 | 2,118.3 |
| Gross margin | 53.7% | 64.4% | 50.8% | 50.5% | 52.0% | 51.1% | 43.6% | 42.0% |
| Selling, general and administrative | 125.0 | 125.2 | 126.2 | 131.8 | 102.6 | 93.1 | 94.3 | 99.4 |
| EBITA | 4,439.4 | 6,087.4 | 3,136.3 | 2,768.2 | 2,898.9 | 2,647.9 | 1,596.1 | 1,438.3 |
| EBITA margin | 44.2% | 55.7% | 39.3% | 38.0% | 40.8% | 39.8% | 29.7% | 28.5% |
| Amortization of intangibles | 7.3 | 8.7 | 9.2 | 4.5 | 5.4 | 5.9 | 8.0 | 7.1 |
| EBIT | 4,432.1 | 6,078.7 | 3,127.1 | 2,763.7 | 2,893.5 | 2,642.0 | 1,588.1 | 1,431.2 |
| EBIT margin | 44.1% | 55.6% | 39.2% | 37.9% | 40.8% | 39.7% | 29.5% | 28.4% |
| Pre-tax income | 4,247.8 | 5,696.8 | 2,745.8 | 2,426.5 | 2,589.4 | 2,302.7 | 1,256.0 | 1,189.2 |
| Income taxes | 1,477.5 | 2,425.5 | 1,237.9 | 966.3 | 1,105.0 | 951.7 | 501.1 | 464.9 |
| Tax rate | 34.8% | 42.6% | 45.1% | 39.8% | 42.7% | 41.3% | 39.9% | 39.1% |
| Net income | 2,638.5 | 3,397.1 | 1,570.4 | 1,485.8 | 1,543.0 | 728.5 | 776.5 | 736.4 |
| Net margin | 26.3% | 31.1% | 19.7% | 20.4% | 21.7% | 10.9% | 14.4% | 14.6% |
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| Diluted EPS | $3.41 | $4.39 | $2.03 | $1.92 | $2.00 | $0.94 | $1.00 | $0.93 |
| Shares outstanding (diluted) | 773.1 | 773.1 | 773.1 | 773.1 | 773.0 | 773.0 | 773.6 | 794.7 |
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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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