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-31-14 |
| Revenues | 1,281.3 | 1,345.8 | 1,224.4 | 1,790.8 | 1,895.9 | 549.3 | 419.0 | 1,085.3 |
| Revenue growth | -4.8% | 9.9% | -31.6% | -5.5% | 245.2% | 31.1% | | -7.0% |
| Cost of goods sold | 726.4 | 701.3 | 563.9 | 750.4 | 705.7 | 461.5 | 449.2 | 0.0 |
| Gross profit | 554.9 | 644.5 | 660.5 | 1,040.4 | 1,190.2 | 87.7 | -30.2 | 1,085.3 |
| Gross margin | 43.3% | 47.9% | 53.9% | 58.1% | 62.8% | 16.0% | -7.2% | 100.0% |
| Selling, general and administrative | 77.0 | 132.6 | 67.9 | 63.7 | 62.0 | 52.5 | 58.5 | 0.5 |
| Research and development | 3.6 | 3.8 | 4.0 | 2.7 | 2.1 | 3.5 | 2.5 | |
| EBITA | 484.4 | 518.8 | 600.0 | 986.2 | 1,139.0 | 45.4 | -77.0 | 1,103.8 |
| EBITA margin | 37.8% | 38.5% | 49.0% | 55.1% | 60.1% | 8.3% | -18.4% | 101.7% |
| Amortization of intangibles | 10.1 | 10.7 | 11.4 | 12.2 | 12.9 | 13.6 | 14.3 | 19.0 |
| EBIT | 474.3 | 508.1 | 588.6 | 974.0 | 1,126.1 | 31.8 | -91.3 | 1,084.8 |
| EBIT margin | 37.0% | 37.8% | 48.1% | 54.4% | 59.4% | 5.8% | -21.8% | 100.0% |
| Pre-tax income | 452.3 | 456.4 | 510.0 | 842.8 | 902.8 | 3.4 | -116.4 | 0.0 |
| Income taxes | 69.4 | 68.1 | 75.7 | 98.2 | 48.9 | -10.8 | -7.6 | 0.0 |
| Tax rate | 15.3% | 14.9% | 14.8% | 11.7% | 5.4% | | 6.5% | |
| Earnings from continuing ops | 383.0 | 388.3 | 434.4 | 744.6 | 853.9 | 14.2 | -108.9 | |
| Earnings from discontinued ops | | | | | 0.3 | -6.2 | -127.0 | |
| Net income | 383.0 | 388.3 | 434.4 | 744.6 | 854.2 | 8.0 | -235.8 | 0.0 |
| Net margin | 29.9% | 28.9% | 35.5% | 41.6% | 45.1% | 1.5% | -56.3% | 0.0% |
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| Diluted EPS | $1.48 | $1.46 | $1.62 | $2.58 | $2.87 | $0.05 | ($0.36) | $0.00 |
| Shares outstanding (diluted) | 258.8 | 266.3 | 267.9 | 289.1 | 297.8 | 302.2 | 302.2 | 136.2 |
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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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