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 | 2,972.0 | 2,785.9 | 2,365.4 | 2,406.6 | 2,419.9 | 2,309.1 | 2,167.4 | 2,042.3 |
| Revenue growth | 6.7% | 17.8% | -1.7% | -0.6% | 4.8% | 6.5% | 6.1% | 2.7% |
| Cost of goods sold | 1,248.2 | 1,156.5 | 1,006.7 | 1,010.7 | 992.6 | 947.1 | 891.5 | 842.7 |
| Gross profit | 1,723.8 | 1,629.3 | 1,358.7 | 1,395.9 | 1,427.4 | 1,362.0 | 1,276.0 | 1,199.7 |
| Gross margin | 58.0% | 58.5% | 57.4% | 58.0% | 59.0% | 59.0% | 58.9% | 58.7% |
| Selling, general and administrative | 658.0 | 627.0 | 553.7 | 534.8 | 536.9 | 544.4 | 512.3 | 495.7 |
| Research and development | 176.2 | 168.4 | 140.8 | 143.0 | 143.4 | 132.6 | 125.2 | 118.5 |
| EBITA | 941.6 | 887.0 | 710.3 | 759.9 | 789.8 | 722.9 | 673.3 | 612.2 |
| EBITA margin | 31.7% | 31.8% | 30.0% | 31.6% | 32.6% | 31.3% | 31.1% | 30.0% |
| Amortization of intangibles | 58.4 | 60.1 | 56.7 | 51.5 | 50.5 | 44.6 | 44.8 | 44.7 |
| EBIT | 883.2 | 826.9 | 653.6 | 708.5 | 739.3 | 678.3 | 628.6 | 567.5 |
| EBIT margin | 29.7% | 29.7% | 27.6% | 29.4% | 30.6% | 29.4% | 29.0% | 27.8% |
| Pre-tax income | 837.8 | 806.2 | 610.9 | 678.2 | 682.1 | 641.1 | 600.1 | 541.9 |
| Income taxes | 130.1 | 113.4 | 89.3 | 86.0 | 88.4 | 620.8 | 78.6 | 72.9 |
| Tax rate | 15.5% | 14.1% | 14.6% | 12.7% | 13.0% | 96.8% | 13.1% | 13.4% |
| Net income | 707.8 | 692.8 | 521.6 | 592.2 | 593.8 | 20.3 | 521.5 | 469.1 |
| Net margin | 23.8% | 24.9% | 22.1% | 24.6% | 24.5% | 0.9% | 24.1% | 23.0% |
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| Diluted EPS | $11.73 | $11.17 | $8.36 | $8.69 | $7.65 | $0.25 | $6.41 | $5.65 |
| Shares outstanding (diluted) | 60.3 | 62.0 | 62.4 | 68.2 | 77.6 | 80.6 | 81.4 | 83.1 |
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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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