Financial Summary (All financials)
| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| Revenues | 2,424.3 | 2,161.2 | 2,015.5 | 1,821.6 | 1,674.0 | 1,573.5 | 1,485.3 | 1,411.6 |
| Revenue growth | 12.2% | 7.2% | 10.6% | 8.8% | 6.4% | 5.9% | 5.2% | 5.5% |
| Cost of goods sold | 1,256.8 | 1,136.9 | 1,074.7 | 894.4 | 819.9 | 772.3 | 736.0 | 707.7 |
| Gross profit | 1,167.5 | 1,024.3 | 940.8 | 927.1 | 854.0 | 801.1 | 749.3 | 703.8 |
| Gross margin | 48.2% | 47.4% | 46.7% | 50.9% | 51.0% | 50.9% | 50.4% | 49.9% |
| Selling, general and administrative | 727.5 | 656.2 | 623.4 | 550.7 | 503.4 | 490.5 | 463.7 | 441.7 |
| EBITA | 493.6 | 415.8 | 361.9 | 346.5 | 323.7 | 286.2 | 266.6 | 246.0 |
| EBITA margin | 20.4% | 19.2% | 18.0% | 19.0% | 19.3% | 18.2% | 17.9% | 17.4% |
| Amortization of intangibles | 53.6 | 47.7 | 44.5 | 36.4 | 29.2 | 26.2 | 25.2 | 26.9 |
| EBIT | 440.0 | 368.1 | 317.4 | 310.1 | 294.5 | 260.0 | 241.4 | 219.1 |
| EBIT margin | 18.1% | 17.0% | 15.7% | 17.0% | 17.6% | 16.5% | 16.3% | 15.5% |
| Pre-tax income | 474.8 | 354.7 | 261.2 | 310.7 | 294.5 | 260.6 | 243.2 | 219.5 |
| Income taxes | 124.2 | 93.9 | 57.8 | 79.1 | 115.4 | 93.3 | 91.0 | 81.8 |
| Tax rate | 26.1% | 26.5% | 22.1% | 25.4% | 39.2% | 35.8% | 37.4% | 37.3% |
| Net income | 350.7 | 260.8 | 203.3 | 231.7 | 179.1 | 167.4 | 152.1 | 137.7 |
| Net margin | 14.5% | 12.1% | 10.1% | 12.7% | 10.7% | 10.6% | 10.2% | 9.8% |
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| Diluted EPS | $0.71 | $0.53 | $0.41 | $0.47 | $0.55 | $0.51 | $0.70 | $0.63 |
| Shares outstanding (diluted) | 492.1 | 491.6 | 491.2 | 490.9 | 327.0 | 327.4 | 218.6 | 218.7 |
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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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