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 | 3,181.9 | 2,764.8 | 2,351.6 | 2,494.6 | 2,483.7 | 2,287.3 | 2,113.0 | 2,020.7 |
| Revenue growth | 15.1% | 17.6% | -5.7% | 0.4% | 8.6% | 8.2% | 4.6% | -5.9% |
| Cost of goods sold | 1,755.0 | 1,540.3 | 1,324.2 | 1,369.6 | 1,365.8 | 1,260.6 | 1,182.3 | 1,116.4 |
| Gross profit | 1,426.9 | 1,224.5 | 1,027.4 | 1,125.0 | 1,117.9 | 1,026.7 | 930.8 | 904.3 |
| Gross margin | 44.8% | 44.3% | 43.7% | 45.1% | 45.0% | 44.9% | 44.0% | 44.8% |
| Selling, general and administrative | 652.7 | 578.2 | 494.9 | 525.0 | 536.7 | 524.9 | 492.4 | 474.2 |
| EBITA | 843.2 | 702.7 | 574.3 | 637.3 | 619.7 | 547.6 | 487.4 | 472.6 |
| EBITA margin | 26.5% | 25.4% | 24.4% | 25.5% | 24.9% | 23.9% | 23.1% | 23.4% |
| Amortization of intangibles | 69.0 | 56.4 | 41.8 | 37.3 | 38.5 | 45.9 | 49.0 | 42.4 |
| EBIT | 774.2 | 646.3 | 532.5 | 600.0 | 581.2 | 501.7 | 438.4 | 430.2 |
| EBIT margin | 24.3% | 23.4% | 22.6% | 24.1% | 23.4% | 21.9% | 20.7% | 21.3% |
| Pre-tax income | 749.4 | 579.8 | 470.3 | 532.9 | 528.9 | 455.3 | 368.5 | 392.3 |
| Income taxes | 162.7 | 130.5 | 92.5 | 107.4 | 118.4 | 118.0 | 97.4 | 109.5 |
| Tax rate | 21.7% | 22.5% | 19.7% | 20.2% | 22.4% | 25.9% | 26.4% | 27.9% |
| Net income | 586.9 | 449.4 | 377.8 | 425.5 | 410.6 | 337.3 | 271.1 | 282.8 |
| Net margin | 18.4% | 16.3% | 16.1% | 17.1% | 16.5% | 14.7% | 12.8% | 14.0% |
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| Diluted EPS | $7.72 | $5.88 | $4.95 | $5.56 | $5.29 | $4.36 | $3.53 | $3.63 |
| Shares outstanding (diluted) | 76.0 | 76.4 | 76.4 | 76.5 | 77.6 | 77.3 | 76.8 | 78.0 |
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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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