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 | 14,289.1 | 14,289.4 | 13,171.1 | 14,953.7 | 15,290.2 | 15,273.6 | 15,416.9 | 15,134.4 |
| Revenue growth | 0.0% | 8.5% | -11.9% | -2.2% | 0.1% | -0.9% | 1.9% | -1.2% |
| Cost of goods sold | 11,607.9 | 11,499.7 | 10,989.2 | 12,194.0 | 12,437.3 | 12,468.0 | 12,649.6 | 12,491.4 |
| Gross profit | 2,681.2 | 2,789.7 | 2,181.9 | 2,759.7 | 2,852.9 | 2,805.6 | 2,767.3 | 2,643.0 |
| Gross margin | 18.8% | 19.5% | 16.6% | 18.5% | 18.7% | 18.4% | 17.9% | 17.5% |
| Selling, general and administrative | 378.5 | 379.7 | 360.5 | 405.9 | 455.4 | 439.7 | 443.9 | 431.8 |
| EBITA | 2,168.8 | 2,234.9 | 1,953.0 | 2,208.1 | 2,066.5 | 2,201.1 | 2,151.1 | 2,037.8 |
| EBITA margin | 15.2% | 15.6% | 14.8% | 14.8% | 13.5% | 14.4% | 14.0% | 13.5% |
| Amortization of intangibles | 80.3 | 80.0 | 83.1 | 83.8 | 102.5 | 113.8 | 115.2 | 109.3 |
| EBIT | 2,088.5 | 2,154.9 | 1,869.9 | 2,124.3 | 1,964.0 | 2,087.3 | 2,035.9 | 1,928.5 |
| EBIT margin | 14.6% | 15.1% | 14.2% | 14.2% | 12.8% | 13.7% | 13.2% | 12.7% |
| Pre-tax income | 1,945.4 | 1,988.8 | 1,409.3 | 1,938.3 | 1,924.3 | 1,884.9 | 1,841.8 | 1,778.6 |
| Income taxes | 546.8 | 488.7 | 381.7 | 504.4 | 492.7 | 696.2 | 600.5 | 583.6 |
| Tax rate | 28.1% | 24.6% | 27.1% | 26.0% | 25.6% | 36.9% | 32.6% | 32.8% |
| Net income | 1,316.5 | 1,407.8 | 945.4 | 1,339.1 | 1,326.4 | 1,088.4 | 1,148.6 | 1,093.9 |
| Net margin | 9.2% | 9.9% | 7.2% | 9.0% | 8.7% | 7.1% | 7.5% | 7.2% |
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| Diluted EPS | $6.36 | $6.53 | $4.37 | $6.06 | $5.83 | $4.65 | $4.80 | $4.46 |
| Shares outstanding (diluted) | 207.0 | 215.6 | 216.2 | 220.9 | 227.6 | 233.9 | 239.2 | 245.2 |
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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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