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 | 5,019.4 | 4,689.7 | 4,883.6 | 4,868.0 | 4,309.4 | 3,644.7 | 3,595.2 | 3,326.8 |
| Revenue growth | 7.0% | -4.0% | 0.3% | 13.0% | 18.2% | 1.4% | 8.1% | 6.9% |
| Cost of goods sold | 753.1 | 837.0 | 856.5 | 898.7 | 672.2 | 563.9 | 543.2 | 894.4 |
| Gross profit | 4,266.3 | 3,852.7 | 4,027.1 | 3,969.3 | 3,637.2 | 3,080.8 | 3,052.0 | 2,432.4 |
| Gross margin | 85.0% | 82.2% | 82.5% | 81.5% | 84.4% | 84.5% | 84.9% | 73.1% |
| Selling, general and administrative | | | | | | | | |
| General and administrative | 326.0 | 344.3 | 389.8 | 375.6 | 283.3 | 219.2 | 242.0 | 215.1 |
| EBITA | 3,544.7 | 3,128.6 | 3,139.2 | 3,079.3 | 2,890.4 | 2,535.3 | 2,406.8 | 2,188.1 |
| EBITA margin | 70.6% | 66.7% | 64.3% | 63.3% | 67.1% | 69.6% | 66.9% | 65.8% |
| Amortization of intangibles | 227.7 | 237.6 | 311.2 | 314.7 | 130.0 | 95.5 | 96.1 | 99.4 |
| EBIT | 3,317.0 | 2,891.0 | 2,828.0 | 2,764.6 | 2,760.4 | 2,439.8 | 2,310.7 | 2,088.7 |
| EBIT margin | 66.1% | 61.6% | 57.9% | 56.8% | 64.1% | 66.9% | 64.3% | 62.8% |
| Pre-tax income | 3,490.3 | 3,373.6 | 2,722.1 | 2,689.6 | 2,777.8 | 2,526.3 | 2,287.6 | 1,956.8 |
| Income taxes | 799.3 | 736.7 | 615.7 | 573.8 | 814.1 | -1,537.1 | 753.5 | 709.8 |
| Tax rate | 22.9% | 21.8% | 22.6% | 21.3% | 29.3% | | 32.9% | 36.3% |
| Net income | 2,657.2 | 2,617.1 | 2,105.2 | 2,116.5 | 2,776.3 | 4,063.4 | 1,534.1 | 1,247.0 |
| Net margin | 52.9% | 55.8% | 43.1% | 43.5% | 64.4% | 111.5% | 42.7% | 37.5% |
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| Diluted EPS | $7.40 | $7.29 | $5.87 | $5.91 | $8.08 | $11.94 | $4.53 | $3.69 |
| Shares outstanding (diluted) | 359.2 | 358.9 | 358.5 | 358.2 | 343.7 | 340.2 | 339.0 | 337.9 |
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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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