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 | 1,190.7 | 1,329.9 | 1,438.6 | 1,527.0 | 1,273.0 | 1,221.6 | 1,238.5 | 1,193.3 |
| Revenue growth | -10.5% | -7.6% | -5.8% | 19.9% | 4.2% | -1.4% | 3.8% | 11.2% |
| Cost of goods sold | 555.7 | 553.2 | 472.2 | 569.0 | 523.9 | 527.0 | 528.0 | 336.1 |
| Gross profit | 635.0 | 776.7 | 966.5 | 957.9 | 749.1 | 694.6 | 710.5 | 857.1 |
| Gross margin | 53.3% | 58.4% | 67.2% | 62.7% | 58.8% | 56.9% | 57.4% | 71.8% |
| Selling, general and administrative | 4.3 | 3.5 | 5.1 | 4.8 | 6.1 | 201.6 | 226.8 | 13.0 |
| EBITA | 1,041.5 | 852.6 | 555.7 | 896.0 | 752.9 | 568.5 | 502.9 | 516.9 |
| EBITA margin | 87.5% | 64.1% | 38.6% | 58.7% | 59.1% | 46.5% | 40.6% | 43.3% |
| Amortization of intangibles | 4.3 | 3.5 | 5.1 | 8.6 | 12.4 | 11.8 | 13.2 | 13.0 |
| EBIT | 1,037.2 | 849.2 | 550.6 | 887.4 | 740.5 | 556.7 | 489.7 | 503.9 |
| EBIT margin | 87.1% | 63.9% | 38.3% | 58.1% | 58.2% | 45.6% | 39.5% | 42.2% |
| Pre-tax income | 952.8 | 764.8 | 479.4 | 849.0 | 684.2 | 346.7 | 483.7 | 437.8 |
| Income taxes | 209.8 | 164.2 | 85.8 | 176.7 | 78.2 | 225.6 | 175.4 | 156.3 |
| Tax rate | 22.0% | 21.5% | 17.9% | 20.8% | 11.4% | 65.1% | 36.3% | 35.7% |
| Net income | 742.9 | 600.7 | 393.6 | 672.3 | 606.0 | 121.1 | 308.3 | 286.9 |
| Net margin | 62.4% | 45.2% | 27.4% | 44.0% | 47.6% | 9.9% | 24.9% | 24.0% |
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| Diluted EPS | $4.35 | $3.16 | $2.00 | $3.20 | $2.77 | $0.55 | $1.34 | $1.14 |
| Shares outstanding (diluted) | 170.7 | 190.3 | 196.6 | 210.3 | 218.6 | 220.4 | 229.3 | 246.3 |
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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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