Financial Summary (All financials)
| In millions, except per share items | May-31-23 | May-31-22 | May-31-21 | May-31-20 | May-31-19 | May-31-18 | May-31-17 | May-31-16 |
| Revenues | 8,815.8 | 7,854.5 | 7,116.3 | 7,085.1 | 6,892.3 | 6,476.6 | 5,323.4 | 4,795.8 |
| Revenue growth | 12.2% | 10.4% | 0.4% | 2.8% | 6.4% | 21.7% | 11.0% | 9.8% |
| Cost of goods sold | 4,642.4 | 4,222.2 | 3,801.7 | 3,851.4 | 3,763.7 | 3,568.1 | 2,943.1 | 2,694.4 |
| Gross profit | 4,173.4 | 3,632.2 | 3,314.7 | 3,233.7 | 3,128.6 | 2,908.5 | 2,380.3 | 2,101.3 |
| Gross margin | 47.3% | 46.2% | 46.6% | 45.6% | 45.4% | 44.9% | 44.7% | 43.8% |
| Selling, general and administrative | 2,370.7 | 2,044.9 | 1,929.2 | 2,071.1 | 1,980.6 | 1,916.8 | 1,527.4 | 1,332.4 |
| EBITA | 1,952.7 | 1,735.8 | 1,527.4 | 1,303.5 | 1,351.3 | 1,052.9 | 875.7 | 784.5 |
| EBITA margin | 22.1% | 22.1% | 21.5% | 18.4% | 19.6% | 16.3% | 16.5% | 16.4% |
| Amortization of intangibles | 150.0 | 148.4 | 141.9 | 140.8 | 134.0 | 61.2 | 22.8 | 15.6 |
| EBIT | 1,802.7 | 1,587.4 | 1,385.5 | 1,162.7 | 1,217.3 | 991.7 | 852.9 | 768.9 |
| EBIT margin | 20.4% | 20.2% | 19.5% | 16.4% | 17.7% | 15.3% | 16.0% | 16.0% |
| Pre-tax income | 1,693.1 | 1,498.8 | 1,287.7 | 1,058.3 | 1,102.4 | 841.0 | 687.4 | 705.3 |
| Income taxes | 345.1 | 263.0 | 176.8 | 181.9 | 219.8 | 57.1 | 230.1 | 256.7 |
| Tax rate | 20.4% | 17.5% | 13.7% | 17.2% | 19.9% | 6.8% | 33.5% | 36.4% |
| Earnings from continuing ops | 1,348.0 | 1,235.8 | 1,111.0 | 876.4 | 882.6 | 783.9 | 457.3 | 448.6 |
| Earnings from discontinued ops | | | | | 0.0 | 0.0 | | |
| Net income | 1,348.0 | 1,235.8 | 1,111.0 | 876.0 | 885.0 | 842.6 | 480.7 | 693.5 |
| Net margin | 15.3% | 15.7% | 15.6% | 12.4% | 12.8% | 13.0% | 9.0% | 14.5% |
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| Diluted EPS | $13.04 | $11.71 | $10.31 | $8.19 | $8.06 | $7.14 | $4.24 | $4.08 |
| Shares outstanding (diluted) | 103.4 | 105.5 | 107.7 | 107.0 | 109.5 | 109.8 | 107.8 | 110.0 |
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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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