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 | 3,576.8 | 4,122.2 | 3,821.1 | 4,015.8 | 4,313.5 | 4,297.2 | 3,985.1 | 3,811.9 |
| Revenue growth | -13.2% | 7.9% | -4.8% | -6.9% | 0.4% | 7.8% | 4.5% | -8.0% |
| Cost of goods sold | 1,987.0 | 2,450.8 | 2,423.0 | 932.9 | 814.2 | 841.5 | 2,725.1 | 739.2 |
| Gross profit | 1,589.8 | 1,671.4 | 1,398.1 | 3,082.9 | 3,499.3 | 3,455.7 | 1,260.0 | 3,072.7 |
| Gross margin | 44.4% | 40.5% | 36.6% | 76.8% | 81.1% | 80.4% | 31.6% | 80.6% |
| Selling, general and administrative | | | | | | | | |
| Sales and marketing | 117.9 | 116.4 | 111.8 | 133.6 | 122.8 | 115.6 | 110.5 | 103.8 |
| EBIT | 672.1 | 678.6 | 468.5 | 426.9 | -104.4 | 613.1 | 481.0 | 443.6 |
| EBIT margin | 18.8% | 16.5% | 12.3% | 10.6% | -2.4% | 14.3% | 12.1% | 11.6% |
| Pre-tax income | 517.3 | 567.7 | 344.3 | 274.2 | -264.8 | 480.5 | 353.2 | 367.7 |
| Income taxes | 120.5 | 126.7 | 42.5 | -135.2 | 50.2 | 304.9 | -5.0 | 97.0 |
| Tax rate | 23.3% | 22.3% | 12.3% | | | 63.5% | | 26.4% |
| Net income | 396.8 | 441.0 | 301.8 | 409.4 | -315.0 | 175.6 | 358.2 | 270.7 |
| Net margin | 11.1% | 10.7% | 7.9% | 10.2% | -7.3% | 4.1% | 9.0% | 7.1% |
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| Diluted EPS | $1.13 | $1.13 | $0.70 | $0.87 | ($1.90) | $0.34 | $2.01 | $1.39 |
| Shares outstanding (diluted) | 351.2 | 390.7 | 428.4 | 470.3 | 165.5 | 514.3 | 178.3 | 195.2 |
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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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