Financial Summary (All financials)
| In millions, except per share items | Dec-25-22 | Dec-26-21 | Dec-27-20 | Dec-29-19 | Dec-30-18 | Dec-31-17 | Dec-25-16 | Dec-27-15 |
| Revenues | 5,856.7 | 6,420.4 | 5,465.4 | 4,720.2 | 4,579.6 | 5,209.8 | 5,019.8 | 4,447.5 |
| Revenue growth | -8.8% | 17.5% | 15.8% | 3.1% | -12.1% | 3.8% | 12.9% | 4.0% |
| Cost of goods sold | 1,911.8 | 1,927.5 | 1,718.9 | 1,807.8 | 1,850.7 | 2,033.7 | 1,905.5 | 1,677.0 |
| Gross profit | 3,944.9 | 4,492.9 | 3,746.5 | 2,912.4 | 2,729.0 | 3,176.1 | 3,114.3 | 2,770.5 |
| Gross margin | 67.4% | 70.0% | 68.5% | 61.7% | 59.6% | 61.0% | 62.0% | 62.3% |
| Selling, general and administrative | 2,053.4 | 1,939.3 | 1,664.8 | 1,450.7 | 1,727.5 | 1,626.6 | 1,579.7 | 1,370.2 |
| Sales and marketing | 387.3 | 506.6 | 412.7 | 413.7 | 439.9 | 501.8 | 468.9 | 409.4 |
| Research and development | 307.9 | 315.7 | 259.5 | 262.2 | 246.2 | 269.0 | 266.4 | 242.9 |
| EBITA | 535.1 | 1,007.8 | 865.1 | 699.4 | 359.8 | 839.2 | 822.8 | 735.7 |
| EBITA margin | 9.1% | 15.7% | 15.8% | 14.8% | 7.9% | 16.1% | 16.4% | 16.5% |
| Amortization of intangibles | 105.3 | 116.8 | 144.7 | 47.3 | 28.7 | 28.8 | 34.8 | 43.7 |
| EBIT | 429.8 | 891.0 | 720.4 | 652.1 | 331.1 | 810.4 | 788.0 | 691.9 |
| EBIT margin | 7.3% | 13.9% | 13.2% | 13.8% | 7.2% | 15.6% | 15.7% | 15.6% |
| Pre-tax income | 261.5 | 581.9 | 322.1 | 594.3 | 270.4 | 786.2 | 692.5 | 603.9 |
| Income taxes | 58.5 | 146.6 | 96.7 | 73.8 | 50.0 | 389.5 | 159.3 | 157.0 |
| Tax rate | 22.4% | 25.2% | 30.0% | 12.4% | 18.5% | 49.6% | 23.0% | 26.0% |
| Net income | 203.5 | 428.7 | 222.5 | 520.5 | 220.4 | 396.6 | 551.4 | 451.8 |
| Net margin | 3.5% | 6.7% | 4.1% | 11.0% | 4.8% | 7.6% | 11.0% | 10.2% |
| |
| Diluted EPS | $1.47 | $3.10 | $1.62 | $4.05 | $1.74 | $3.12 | $4.34 | $3.57 |
| Shares outstanding (diluted) | 138.9 | 138.4 | 137.6 | 128.5 | 126.9 | 127.0 | 127.0 | 126.7 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|