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 | 8,945.0 | 7,106.0 | 8,620.0 | 8,143.0 | 7,209.0 | 5,791.0 | 6,063.0 | 6,654.0 |
| Revenue growth | 25.9% | -17.6% | 5.9% | 13.0% | 24.5% | -4.5% | -8.9% | -1.7% |
| Cost of goods sold | 8,118.0 | 6,492.0 | 7,494.0 | 6,988.0 | 6,145.0 | 4,992.0 | 5,211.0 | 5,672.0 |
| Gross profit | 827.0 | 614.0 | 1,126.0 | 1,155.0 | 1,064.0 | 799.0 | 852.0 | 982.0 |
| Gross margin | 9.2% | 8.6% | 13.1% | 14.2% | 14.8% | 13.8% | 14.1% | 14.8% |
| Selling, general and administrative | 460.0 | 421.0 | 508.0 | 499.0 | 508.0 | 401.0 | 391.0 | 411.0 |
| EBITA | 440.0 | 252.0 | 98.0 | 617.0 | 500.0 | 302.0 | 360.0 | 439.0 |
| EBITA margin | 4.9% | 3.5% | 1.1% | 7.6% | 6.9% | 5.2% | 5.9% | 6.6% |
| Amortization of intangibles | 24.0 | 20.0 | 17.0 | 10.0 | 13.0 | 9.0 | 16.0 | 49.0 |
| EBIT | 416.0 | 232.0 | 81.0 | 607.0 | 487.0 | 293.0 | 344.0 | 390.0 |
| EBIT margin | 4.7% | 3.3% | 0.9% | 7.5% | 6.8% | 5.1% | 5.7% | 5.9% |
| Pre-tax income | 244.0 | -13.0 | 171.0 | 494.0 | 380.0 | 215.0 | 292.0 | 260.0 |
| Income taxes | 72.0 | 58.0 | -32.0 | 78.0 | 283.0 | -424.0 | 82.0 | -70.0 |
| Tax rate | 29.5% | | | 15.8% | 74.5% | | 28.1% | |
| Earnings from continuing ops | 200.0 | -51.0 | 233.0 | 440.0 | 116.0 | 653.0 | 176.0 | 327.0 |
| Earnings from discontinued ops | | | | | | | 4.0 | -15.0 |
| Net income | 200.0 | -51.0 | 233.0 | 440.0 | 116.0 | 653.0 | 180.0 | 312.0 |
| Net margin | 2.2% | -0.7% | 2.7% | 5.4% | 1.6% | 11.3% | 3.0% | 4.7% |
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| Diluted EPS | $1.37 | ($0.35) | $1.61 | $3.00 | $0.79 | $4.45 | $1.10 | $1.88 |
| Shares outstanding (diluted) | 146.2 | 144.5 | 145.1 | 146.5 | 146.9 | 146.8 | 160.0 | 173.5 |
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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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