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 | 9,597.4 | 8,316.0 | 7,241.7 | 7,523.1 | 7,679.5 | 7,648.5 | 7,472.3 | 5,926.1 |
| Revenue growth | 15.4% | 14.8% | -3.7% | -2.0% | 0.4% | 2.4% | 26.1% | 18.6% |
| Cost of goods sold | 6,296.9 | 5,316.5 | 4,351.7 | 4,863.6 | 5,168.4 | 4,878.9 | 4,818.7 | 3,949.4 |
| Gross profit | 3,300.5 | 2,999.5 | 2,890.0 | 2,659.5 | 2,511.1 | 2,769.6 | 2,653.6 | 1,976.7 |
| Gross margin | 34.4% | 36.1% | 39.9% | 35.4% | 32.7% | 36.2% | 35.5% | 33.4% |
| Selling, general and administrative | | | | | | | | |
| General and administrative | 253.7 | 210.3 | 208.0 | 201.8 | 196.9 | 194.9 | 194.7 | 164.4 |
| EBIT | 1,924.2 | 1,714.9 | 1,706.1 | 1,659.0 | 1,605.1 | 1,930.4 | 1,842.8 | 1,346.6 |
| EBIT margin | 20.0% | 20.6% | 23.6% | 22.1% | 20.9% | 25.2% | 24.7% | 22.7% |
| Pre-tax income | 1,732.6 | 1,498.8 | 1,429.3 | 1,259.7 | 1,230.3 | 1,588.4 | 1,506.7 | 1,074.1 |
| Income taxes | 322.9 | 200.3 | 227.9 | 125.0 | 169.8 | 383.5 | 566.5 | 433.8 |
| Tax rate | 18.6% | 13.4% | 15.9% | 9.9% | 13.8% | 24.1% | 37.6% | 40.4% |
| Net income | 1,408.1 | 1,300.3 | 1,199.9 | 1,134.0 | 1,059.3 | 1,203.7 | 939.0 | 638.5 |
| Net margin | 14.7% | 15.6% | 16.6% | 15.1% | 13.8% | 15.7% | 12.6% | 10.8% |
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| Diluted EPS | $4.45 | $4.11 | $3.79 | $3.58 | $3.34 | $3.79 | $2.96 | $2.34 |
| Shares outstanding (diluted) | 316.1 | 316.3 | 316.5 | 316.7 | 316.9 | 317.2 | 316.9 | 272.7 |
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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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