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 | 4,039.0 | 3,960.0 | 3,948.0 | 3,901.0 | 3,890.0 | 3,990.0 | 4,031.0 | 3,893.0 |
| Revenue growth | 2.0% | 0.3% | 1.2% | 0.3% | -2.5% | -1.0% | 3.5% | -0.7% |
| Cost of goods sold | -83.0 | -77.0 | -74.0 | -66.0 | 0.0 | 0.0 | 1,828.0 | 1,963.0 |
| Gross profit | 4,122.0 | 4,037.0 | 4,022.0 | 3,967.0 | 3,890.0 | 3,990.0 | 2,203.0 | 1,930.0 |
| Gross margin | 102.1% | 101.9% | 101.9% | 101.7% | 100.0% | 100.0% | 54.7% | 49.6% |
| Selling, general and administrative | 1,345.0 | 1,368.0 | 1,406.0 | 1,388.0 | 1,412.0 | 1,480.0 | 1,494.0 | 1,592.0 |
| EBIT | 347.0 | 347.0 | 277.0 | 299.0 | 180.0 | 210.0 | 389.0 | -25.0 |
| EBIT margin | 8.6% | 8.8% | 7.0% | 7.7% | 4.6% | 5.3% | 9.7% | -0.6% |
| Pre-tax income | 180.0 | 250.0 | 185.0 | 215.0 | -272.0 | 82.0 | 404.0 | -59.0 |
| Income taxes | 20.0 | 17.0 | 52.0 | 51.0 | -287.0 | 33.0 | 157.0 | -12.0 |
| Tax rate | 11.1% | 6.8% | 28.1% | 23.7% | 105.5% | 40.2% | 38.9% | 20.3% |
| Net income | 155.0 | 229.0 | 127.0 | 150.0 | 12.0 | 48.0 | 241.0 | -43.0 |
| Net margin | 3.8% | 5.8% | 3.2% | 3.8% | 0.3% | 1.2% | 6.0% | -1.1% |
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| Diluted EPS | $1.78 | $2.63 | $1.44 | $1.72 | $0.14 | $0.56 | $2.84 | ($0.51) |
| Shares outstanding (diluted) | 87.0 | 87.0 | 88.0 | 87.0 | 86.0 | 85.0 | 85.0 | 84.0 |
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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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