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 | 15,228.0 | 13,022.0 | 11,797.0 | 11,486.0 | 11,221.0 | 10,425.0 | 10,137.0 | 9,973.4 |
| Revenue growth | 16.9% | 10.4% | 2.7% | 2.4% | 7.6% | 2.8% | 1.6% | 0.1% |
| Cost of goods sold | 9,379.0 | 8,302.0 | 7,559.0 | 7,089.0 | 6,873.0 | 6,327.0 | 6,022.0 | 5,742.0 |
| Gross profit | 5,849.0 | 4,720.0 | 4,238.0 | 4,397.0 | 4,348.0 | 4,098.0 | 4,115.0 | 4,231.4 |
| Gross margin | 38.4% | 36.2% | 35.9% | 38.3% | 38.7% | 39.3% | 40.6% | 42.4% |
| Selling, general and administrative | 3,634.0 | 3,173.0 | 3,219.0 | 3,135.0 | 3,190.0 | 3,063.0 | 3,002.0 | 2,931.1 |
| EBITA | 2,215.0 | 1,610.0 | 1,079.0 | 1,340.0 | 1,250.0 | 1,124.0 | 1,164.0 | 1,353.6 |
| EBITA margin | 14.5% | 12.4% | 9.1% | 11.7% | 11.1% | 10.8% | 11.5% | 13.6% |
| Amortization of intangibles | | 63.0 | 60.0 | 78.0 | 92.0 | 89.0 | 82.0 | 65.0 |
| EBIT | 2,215.0 | 1,547.0 | 1,019.0 | 1,262.0 | 1,158.0 | 1,035.0 | 1,082.0 | 1,288.6 |
| EBIT margin | 14.5% | 11.9% | 8.6% | 11.0% | 10.3% | 9.9% | 10.7% | 12.9% |
| Pre-tax income | 2,146.0 | 1,485.0 | 947.0 | 1,209.0 | 1,081.0 | 936.0 | 1,019.0 | 1,250.7 |
| Income taxes | 533.0 | 371.0 | 192.0 | 314.0 | 258.0 | 313.0 | 386.0 | 465.5 |
| Tax rate | 24.8% | 25.0% | 20.3% | 26.0% | 23.9% | 33.4% | 37.9% | 37.2% |
| Net income | 1,547.0 | 1,043.0 | 695.0 | 849.0 | 782.0 | 586.0 | 606.0 | 769.0 |
| Net margin | 10.2% | 8.0% | 5.9% | 7.4% | 7.0% | 5.6% | 6.0% | 7.7% |
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| Diluted EPS | $30.27 | $19.98 | $12.94 | $15.46 | $13.84 | $10.10 | $9.96 | $11.69 |
| Shares outstanding (diluted) | 51.1 | 52.2 | 53.7 | 54.9 | 56.5 | 58.0 | 60.8 | 65.8 |
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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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