Financial Summary (All financials)
| In millions, except per share items | Dec-31-22 | Dec-25-21 | Dec-26-20 | Dec-28-19 | Dec-29-18 | Dec-30-17 | Dec-31-16 | Dec-26-15 |
| Revenues | 3,976.1 | 3,540.2 | 2,923.9 | 2,621.2 | 2,266.1 | 1,857.6 | 1,681.4 | 1,363.3 |
| Revenue growth | 12.3% | 21.1% | 11.5% | 15.7% | 22.0% | 10.5% | 23.3% | 5.1% |
| Cost of goods sold | 2,513.4 | 2,205.5 | 1,850.4 | 1,650.2 | 1,417.3 | 1,152.4 | 1,024.4 | 832.2 |
| Gross profit | 1,462.7 | 1,334.6 | 1,073.5 | 971.0 | 848.7 | 705.2 | 657.0 | 531.1 |
| Gross margin | 36.8% | 37.7% | 36.7% | 37.0% | 37.5% | 38.0% | 39.1% | 39.0% |
| Selling, general and administrative | 665.1 | 619.9 | 528.9 | 517.6 | 443.9 | 371.3 | 364.7 | 300.4 |
| EBITA | 797.6 | 714.7 | 544.6 | 453.4 | 404.9 | 333.9 | 292.3 | 236.9 |
| EBITA margin | 20.1% | 20.2% | 18.6% | 17.3% | 17.9% | 18.0% | 17.4% | 17.4% |
| Amortization of intangibles | 146.6 | 124.9 | 111.9 | 89.5 | 64.8 | 41.4 | 41.7 | 24.2 |
| EBIT | 651.0 | 589.9 | 432.7 | 363.8 | 340.1 | 292.6 | 250.6 | 212.6 |
| EBIT margin | 16.4% | 16.7% | 14.8% | 13.9% | 15.0% | 15.7% | 14.9% | 15.6% |
| Pre-tax income | 623.0 | 480.7 | 447.1 | 304.1 | 281.7 | 297.0 | 222.9 | 195.4 |
| Income taxes | 130.4 | 81.9 | 81.8 | 50.0 | 54.5 | 171.4 | 66.8 | 43.4 |
| Tax rate | 20.9% | 17.0% | 18.3% | 16.5% | 19.3% | 57.7% | 30.0% | 22.2% |
| Earnings from continuing ops | 486.2 | 391.0 | 364.3 | 252.0 | 224.9 | 249.1 | 154.5 | 302.3 |
| Earnings from discontinued ops | | | | | 1.5 | -0.1 | 0.3 | -1.0 |
| Net income | 486.2 | 391.0 | 364.3 | 252.0 | 226.4 | 248.9 | 154.8 | 301.4 |
| Net margin | 12.2% | 11.0% | 12.5% | 9.6% | 10.0% | 13.4% | 9.2% | 22.1% |
| |
| Diluted EPS | $9.48 | $7.60 | $7.20 | $5.07 | $4.59 | $5.13 | $3.22 | $6.35 |
| Shares outstanding (diluted) | 51.3 | 51.4 | 50.6 | 49.7 | 49.0 | 48.6 | 48.0 | 47.6 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|