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 |
| Revenues | 3,122.3 | 3,009.5 | 2,707.1 | 2,438.1 | 2,452.8 |
| Revenue growth | 3.7% | 11.2% | 11.0% | -0.6% | |
| Cost of goods sold | 2,265.4 | 2,072.7 | 1,722.7 | 1,426.9 | 1,445.7 |
| Gross profit | 856.9 | 936.8 | 984.4 | 1,011.2 | 1,007.1 |
| Gross margin | 27.4% | 31.1% | 36.4% | 41.5% | 41.1% |
| Selling, general and administrative | 855.3 | 906.8 | 959.7 | 911.7 | 949.3 |
| EBITA | 168.4 | 229.6 | 201.0 | 271.2 | 222.0 |
| EBITA margin | 5.4% | 7.6% | 7.4% | 11.1% | 9.1% |
| Amortization of intangibles | 166.8 | 179.7 | 176.3 | 167.5 | 164.2 |
| EBIT | 1.6 | 49.9 | 24.7 | 103.7 | 57.8 |
| EBIT margin | 0.1% | 1.7% | 0.9% | 4.3% | 2.4% |
| Pre-tax income | -897.7 | -249.1 | -312.0 | -122.3 | -500.5 |
| Income taxes | -92.9 | -30.8 | -66.2 | -20.0 | -29.9 |
| Tax rate | 10.3% | 12.4% | 21.2% | 16.4% | 6.0% |
| Net income | -804.8 | -218.3 | -245.8 | -102.3 | -470.6 |
| Net margin | -25.8% | -7.3% | -9.1% | -4.2% | -19.2% |
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| Diluted EPS | ($3.81) | ($1.05) | ($1.37) | ($0.62) | ($2.85) |
| Shares outstanding (diluted) | 211.2 | 208.0 | 179.6 | 165.3 | 165.2 |
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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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