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 | 1,983.0 | 2,019.3 | 1,951.7 | 1,428.5 | 1,301.5 | 1,144.4 | 1,076.2 | 1,047.6 |
| Revenue growth | -1.8% | 3.5% | 36.6% | 9.8% | 13.7% | 6.3% | 2.7% | 5.4% |
| Cost of goods sold | 818.6 | 787.9 | 731.9 | 583.9 | 553.3 | 511.4 | 488.4 | 477.7 |
| Gross profit | 1,164.4 | 1,231.4 | 1,219.8 | 844.6 | 748.2 | 633.0 | 587.8 | 569.8 |
| Gross margin | 58.7% | 61.0% | 62.5% | 59.1% | 57.5% | 55.3% | 54.6% | 54.4% |
| Selling, general and administrative | | | | | | | | |
| Sales and marketing | | | | 20.9 | 22.9 | 20.3 | 15.5 | 24.0 |
| General and administrative | 119.5 | 144.9 | 114.5 | 85.4 | 80.9 | 73.0 | 69.5 | 26.4 |
| EBIT | 1,044.9 | 1,086.5 | 1,105.2 | 738.4 | 503.4 | 393.2 | 360.1 | 323.1 |
| EBIT margin | 52.7% | 53.8% | 56.6% | 51.7% | 38.7% | 34.4% | 33.5% | 30.8% |
| Pre-tax income | 989.4 | 484.7 | 765.0 | 547.4 | 480.1 | 388.5 | 358.6 | 302.6 |
| Income taxes | 228.9 | 111.0 | 201.2 | 118.9 | 204.7 | 141.7 | 132.5 | 107.3 |
| Tax rate | 23.1% | 22.9% | 26.3% | 21.7% | 42.6% | 36.5% | 36.9% | 35.5% |
| Net income | 727.3 | 340.5 | 540.9 | 410.5 | 265.2 | 236.5 | 215.8 | 185.0 |
| Net margin | 36.7% | 16.9% | 27.7% | 28.7% | 20.4% | 20.7% | 20.1% | 17.7% |
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| Diluted EPS | $4.90 | $2.30 | $3.47 | $3.47 | $2.17 | $1.89 | $1.62 | $1.33 |
| Shares outstanding (diluted) | 148.5 | 148.2 | 156.1 | 118.4 | 122.0 | 125.1 | 133.2 | 139.2 |
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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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