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 | 6,986.0 | 6,340.0 | 5,840.0 | 5,763.0 | 5,370.0 | 4,255.0 | 3,921.0 | 3,663.9 |
| Revenue growth | 10.2% | 8.6% | 1.3% | 7.3% | 26.2% | 8.5% | 7.0% | 3.5% |
| Cost of goods sold | 2,068.0 | 1,993.0 | 1,969.0 | 1,986.0 | 1,844.0 | 1,543.0 | 1,441.0 | 1,321.4 |
| Gross profit | 4,918.0 | 4,347.0 | 3,871.0 | 3,777.0 | 3,526.0 | 2,712.0 | 2,480.0 | 2,342.4 |
| Gross margin | 70.4% | 68.6% | 66.3% | 65.5% | 65.7% | 63.7% | 63.2% | 63.9% |
| Selling, general and administrative | 750.0 | 680.0 | 678.0 | 614.0 | 563.0 | 426.0 | 371.0 | 310.9 |
| EBIT | 2,461.0 | 2,023.0 | 1,947.0 | 1,591.0 | 1,436.0 | 1,045.0 | 1,000.0 | 995.3 |
| EBIT margin | 35.2% | 31.9% | 33.3% | 27.6% | 26.7% | 24.6% | 25.5% | 27.2% |
| Pre-tax income | 1,691.0 | 1,179.0 | 1,076.0 | 881.0 | 641.0 | 392.0 | 374.0 | 473.8 |
| Income taxes | 16.0 | 21.0 | 20.0 | 21.0 | -19.0 | 26.0 | 17.0 | 51.5 |
| Tax rate | 0.9% | 1.8% | 1.9% | 2.4% | | 6.6% | 4.5% | 10.9% |
| Earnings from continuing ops | 1,675.0 | 1,158.0 | 999.0 | 747.0 | 509.0 | 308.0 | 324.0 | 497.6 |
| Earnings from discontinued ops | | -62.0 | | | | | | 979.4 |
| Net income | 1,675.0 | 1,096.0 | 999.0 | 747.0 | 509.0 | 308.0 | 324.0 | 1,477.0 |
| Net margin | 24.0% | 17.3% | 17.1% | 13.0% | 9.5% | 7.2% | 8.3% | 40.3% |
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| Diluted EPS | $3.86 | $2.67 | $2.35 | $1.79 | $1.23 | $0.80 | $0.95 | $1.49 |
| Shares outstanding (diluted) | 434.0 | 434.0 | 425.0 | 418.0 | 415.0 | 383.0 | 341.0 | 334.1 |
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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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