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 | 1,919.0 | 1,731.2 | 1,688.2 | 1,858.9 | 1,834.1 | 1,794.9 | 1,678.9 | 1,543.6 |
| Revenue growth | 10.8% | 2.5% | -9.2% | 1.4% | 2.2% | 6.9% | 8.8% | 12.2% |
| Cost of goods sold | 1,309.1 | 1,111.5 | 1,082.7 | 1,170.6 | 1,143.6 | 1,100.3 | 1,010.5 | 939.8 |
| Gross profit | 609.8 | 619.7 | 605.4 | 688.3 | 690.5 | 694.5 | 668.5 | 603.8 |
| Gross margin | 31.8% | 35.8% | 35.9% | 37.0% | 37.6% | 38.7% | 39.8% | 39.1% |
| Selling, general and administrative | 106.5 | 92.2 | 90.0 | 85.1 | 75.2 | 71.4 | 62.5 | 56.6 |
| Research and development | 133.3 | 117.8 | 115.9 | 114.7 | 107.1 | 99.7 | 94.2 | 88.4 |
| EBITA | 391.7 | 432.0 | 422.0 | 510.9 | 530.6 | 545.9 | 534.0 | 481.3 |
| EBITA margin | 20.4% | 25.0% | 25.0% | 27.5% | 28.9% | 30.4% | 31.8% | 31.2% |
| Amortization of intangibles | 21.7 | 22.2 | 22.4 | 22.4 | 22.5 | 22.5 | 22.3 | 22.5 |
| EBIT | 370.0 | 409.8 | 399.6 | 488.5 | 508.1 | 523.4 | 511.7 | 458.8 |
| EBIT margin | 19.3% | 23.7% | 23.7% | 26.3% | 27.7% | 29.2% | 30.5% | 29.7% |
| Pre-tax income | 369.7 | 416.4 | 411.8 | 500.4 | 522.0 | 531.8 | 510.6 | 463.6 |
| Income taxes | 51.0 | 55.6 | 64.2 | 75.7 | 84.2 | 125.0 | 163.0 | 145.1 |
| Tax rate | 13.8% | 13.3% | 15.6% | 15.1% | 16.1% | 23.5% | 31.9% | 31.3% |
| Net income | 318.8 | 360.8 | 347.6 | 424.7 | 437.9 | 406.8 | 347.6 | 318.5 |
| Net margin | 16.6% | 20.8% | 20.6% | 22.8% | 23.9% | 22.7% | 20.7% | 20.6% |
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| Diluted EPS | $1.38 | $1.52 | $1.43 | $1.68 | $1.62 | $1.41 | $1.19 | $1.08 |
| Shares outstanding (diluted) | 231.2 | 236.6 | 243.7 | 253.3 | 269.9 | 288.2 | 291.1 | 296.2 |
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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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