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 | 3,290.0 | 2,734.4 | 2,372.2 | 2,463.7 | 2,457.9 | 2,116.7 | 2,009.0 | 2,093.5 |
| Revenue growth | 20.3% | 15.3% | -3.7% | 0.2% | 16.1% | 5.4% | -4.0% | -2.1% |
| Cost of goods sold | 1,457.9 | 1,140.9 | 953.0 | 1,054.4 | 1,035.6 | 880.3 | 791.2 | 934.1 |
| Gross profit | 1,832.1 | 1,593.5 | 1,419.2 | 1,409.3 | 1,422.3 | 1,236.4 | 1,217.8 | 1,159.4 |
| Gross margin | 55.7% | 58.3% | 59.8% | 57.2% | 57.9% | 58.4% | 60.6% | 55.4% |
| Selling, general and administrative | | | | | | | | |
| General and administrative | 147.4 | 98.7 | 109.8 | 88.9 | 98.1 | 79.9 | 83.9 | 80.8 |
| EBITA | 329.2 | 311.0 | 227.4 | 225.5 | 224.2 | 143.8 | 126.1 | 200.5 |
| EBITA margin | 10.0% | 11.4% | 9.6% | 9.2% | 9.1% | 6.8% | 6.3% | 9.6% |
| Amortization of intangibles | 6.1 | 1.9 | | | | | | |
| EBIT | 323.1 | 309.1 | 227.4 | 225.5 | 224.2 | 143.8 | 126.1 | 200.5 |
| EBIT margin | 9.8% | 11.3% | 9.6% | 9.2% | 9.1% | 6.8% | 6.3% | 9.6% |
| Pre-tax income | 324.8 | 346.0 | 224.7 | 221.9 | 223.9 | 144.6 | 127.5 | 201.2 |
| Income taxes | 79.2 | 84.5 | 55.6 | 55.0 | 55.7 | -58.3 | 48.3 | 77.4 |
| Tax rate | 24.4% | 24.4% | 24.8% | 24.8% | 24.9% | | 37.9% | 38.5% |
| Net income | 241.3 | 259.1 | 169.1 | 166.9 | 168.1 | 202.9 | 79.1 | 123.7 |
| Net margin | 7.3% | 9.5% | 7.1% | 6.8% | 6.8% | 9.6% | 3.9% | 5.9% |
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| Diluted EPS | $3.74 | $3.82 | $2.44 | $2.38 | $2.33 | $2.80 | $1.09 | $1.71 |
| Shares outstanding (diluted) | 64.6 | 67.9 | 69.4 | 70.0 | 72.1 | 72.6 | 72.4 | 72.6 |
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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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