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 | 1,510.6 | 1,327.6 | 1,265.1 | 1,231.7 | 1,215.0 | 1,165.1 | 1,142.2 | 1,059.4 |
| Revenue growth | 13.8% | 4.9% | 2.7% | 1.4% | 4.3% | 2.0% | 7.8% | 4.9% |
| Cost of goods sold | 200.7 | 191.9 | 180.2 | 180.5 | 192.1 | 193.3 | 198.2 | 192.8 |
| Gross profit | 1,309.9 | 1,135.6 | 1,084.9 | 1,051.2 | 1,022.8 | 971.8 | 943.9 | 866.6 |
| Gross margin | 86.7% | 85.5% | 85.8% | 85.3% | 84.2% | 83.4% | 82.6% | 81.8% |
| Selling, general and administrative | 195.4 | | | | | | | |
| Sales and marketing | | 39.9 | 36.8 | 46.6 | 64.9 | 82.0 | 80.3 | 90.2 |
| Research and development | | 80.5 | 74.7 | 60.8 | 57.9 | 52.3 | 59.1 | 63.7 |
| General and administrative | | 148.4 | 149.2 | 137.6 | 132.7 | 129.8 | 118.0 | 106.7 |
| EBIT | 943.1 | 866.8 | 824.2 | 806.1 | 767.4 | 707.7 | 686.6 | 605.9 |
| EBIT margin | 62.4% | 65.3% | 65.2% | 65.5% | 63.2% | 60.7% | 60.1% | 57.2% |
| Pre-tax income | 880.2 | 782.2 | 750.2 | 758.8 | 729.5 | 599.0 | 581.2 | 487.7 |
| Income taxes | 206.4 | -2.6 | -64.6 | 146.5 | 147.0 | 141.8 | 140.5 | 112.4 |
| Tax rate | 23.4% | | | 19.3% | 20.2% | 23.7% | 24.2% | 23.1% |
| Net income | 673.8 | 784.8 | 814.9 | 612.3 | 582.5 | 457.2 | 440.6 | 375.2 |
| Net margin | 44.6% | 59.1% | 64.4% | 49.7% | 47.9% | 39.2% | 38.6% | 35.4% |
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| Diluted EPS | $6.24 | $7.00 | $7.07 | $5.15 | $4.75 | $3.68 | $3.42 | $2.82 |
| Shares outstanding (diluted) | 108.0 | 112.2 | 115.3 | 119.0 | 122.7 | 124.2 | 128.8 | 133.0 |
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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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