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 | 14,409.9 | 13,327.6 | 11,604.5 | 10,150.0 | 9,536.4 | 8,977.7 | 8,606.3 | 7,966.7 |
| Revenue growth | 8.1% | 14.8% | 14.3% | 6.4% | 6.2% | 4.3% | 8.0% | 10.4% |
| Cost of goods sold | 7,028.2 | 6,307.6 | 5,518.8 | 4,755.3 | 4,510.9 | 4,269.5 | 4,097.3 | 3,816.9 |
| Gross profit | 7,381.7 | 7,019.9 | 6,085.7 | 5,394.7 | 5,025.5 | 4,708.2 | 4,509.0 | 4,149.8 |
| Gross margin | 51.2% | 52.7% | 52.4% | 53.1% | 52.7% | 52.4% | 52.4% | 52.1% |
| Selling, general and administrative | 4,427.2 | 4,102.8 | 3,666.4 | 3,474.0 | 3,224.8 | 2,995.3 | 2,809.8 | 2,648.6 |
| EBITA | 2,959.3 | 2,922.1 | 2,424.6 | 1,921.0 | 1,816.6 | 1,727.0 | 1,701.3 | 1,516.7 |
| EBITA margin | 20.5% | 21.9% | 20.9% | 18.9% | 19.0% | 19.2% | 19.8% | 19.0% |
| Amortization of intangibles | 4.8 | 4.9 | 5.3 | 0.3 | 1.4 | 1.6 | 2.1 | 2.7 |
| EBIT | 2,954.5 | 2,917.2 | 2,419.3 | 1,920.7 | 1,815.2 | 1,725.4 | 1,699.2 | 1,514.0 |
| EBIT margin | 20.5% | 21.9% | 20.8% | 18.9% | 19.0% | 19.2% | 19.7% | 19.0% |
| Pre-tax income | 2,798.7 | 2,781.9 | 2,266.4 | 1,790.3 | 1,694.1 | 1,637.8 | 1,637.2 | 1,460.4 |
| Income taxes | 626.0 | 617.2 | 514.1 | 399.3 | 369.6 | 504.0 | 599.5 | 529.2 |
| Tax rate | 22.4% | 22.2% | 22.7% | 22.3% | 21.8% | 30.8% | 36.6% | 36.2% |
| Net income | 2,172.7 | 2,164.7 | 1,752.3 | 1,391.0 | 1,324.5 | 1,133.8 | 1,037.7 | 931.2 |
| Net margin | 15.1% | 16.2% | 15.1% | 13.7% | 13.9% | 12.6% | 12.1% | 11.7% |
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| Diluted EPS | $33.44 | $31.10 | $23.53 | $17.88 | $16.10 | $12.67 | $10.73 | $9.17 |
| Shares outstanding (diluted) | 65.0 | 69.6 | 74.5 | 77.8 | 82.3 | 89.5 | 96.7 | 101.5 |
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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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