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 | 9,614.8 | 9,250.0 | 8,508.5 | 6,926.0 | 5,450.6 | 5,627.4 | 4,463.6 | 3,936.6 |
| Revenue growth | 3.9% | 8.7% | 22.8% | 27.1% | -3.1% | 26.1% | 13.4% | -1.3% |
| Cost of goods sold | 6,822.6 | 5,975.7 | 5,921.5 | 4,916.9 | 3,743.9 | 3,291.7 | 2,883.6 | 2,693.8 |
| Gross profit | 2,792.2 | 3,274.3 | 2,587.0 | 2,009.1 | 1,706.7 | 2,335.7 | 1,579.9 | 1,242.8 |
| Gross margin | 29.0% | 35.4% | 30.4% | 29.0% | 31.3% | 41.5% | 35.4% | 31.6% |
| Selling, general and administrative | | | | | | | | |
| General and administrative | 95.5 | 79.2 | 82.0 | 80.1 | 79.0 | 83.8 | 81.7 | 49.7 |
| EBITA | 1,201.4 | 2,159.8 | 1,354.1 | 1,445.0 | 434.9 | 645.4 | 537.8 | 221.8 |
| EBITA margin | 12.5% | 23.3% | 15.9% | 20.9% | 8.0% | 11.5% | 12.0% | 5.6% |
| Amortization of intangibles | 106.2 | 83.0 | 69.0 | 82.1 | 105.7 | 125.8 | 19.3 | 22.9 |
| EBIT | 1,095.2 | 2,076.9 | 1,285.0 | 1,362.9 | 329.2 | 519.6 | 518.4 | 198.9 |
| EBIT margin | 11.4% | 22.5% | 15.1% | 19.7% | 6.0% | 9.2% | 11.6% | 5.1% |
| Pre-tax income | 1,562.4 | 2,368.0 | 1,577.5 | 1,849.1 | 841.8 | 757.3 | 855.6 | 567.2 |
| Income taxes | 80.0 | 128.6 | 111.8 | 155.8 | 114.0 | 127.6 | 31.4 | 40.6 |
| Tax rate | 5.1% | 5.4% | 7.1% | 8.4% | 13.5% | 16.8% | 3.7% | 7.2% |
| Net income | 1,436.2 | 2,093.4 | 1,363.9 | 1,594.7 | 713.6 | 566.5 | 664.7 | 515.8 |
| Net margin | 14.9% | 22.6% | 16.0% | 23.0% | 13.1% | 10.1% | 14.9% | 13.1% |
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| Diluted EPS | $3.80 | $5.23 | $3.32 | $3.87 | $1.73 | $1.36 | $1.78 | $4.09 |
| Shares outstanding (diluted) | 377.6 | 400.3 | 410.3 | 411.6 | 412.9 | 417.8 | 374.2 | 126.0 |
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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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