Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-25-21 | Dec-26-20 | Dec-28-19 | Dec-29-18 | Dec-30-17 | Dec-31-16 | Dec-26-15 |
Revenues | 14,204.7 | 12,731.1 | 10,620.4 | 8,351.9 | 7,911.0 | 7,256.4 | 6,779.6 | 6,226.5 |
Revenue growth | 11.6% | 19.9% | 27.2% | 5.6% | 9.0% | 7.0% | 8.9% | 9.0% |
Cost of goods sold | 9,232.5 | 8,254.0 | 6,858.8 | 5,480.2 | 5,208.5 | 4,764.4 | 4,454.4 | 4,083.3 |
Gross profit | 4,972.2 | 4,477.2 | 3,761.5 | 2,871.8 | 2,702.5 | 2,492.0 | 2,325.2 | 2,143.2 |
Gross margin | 35.0% | 35.2% | 35.4% | 34.4% | 34.2% | 34.3% | 34.3% | 34.4% |
Selling, general and administrative | 3,194.2 | 2,900.3 | 2,478.5 | 1,932.6 | 1,823.4 | 1,639.7 | 1,488.2 | 1,369.1 |
EBIT | 1,434.9 | 1,306.7 | 1,065.9 | 743.2 | 701.7 | 686.4 | 694.1 | 650.5 |
EBIT margin | 10.1% | 10.3% | 10.0% | 8.9% | 8.9% | 9.5% | 10.2% | 10.4% |
Pre-tax income | 1,404.3 | 1,280.1 | 968.1 | 723.4 | 683.4 | 672.5 | 688.3 | 647.6 |
Income taxes | 315.6 | 283.0 | 219.2 | 161.0 | 151.0 | 249.9 | 251.2 | 237.2 |
Tax rate | 22.5% | 22.1% | 22.6% | 22.3% | 22.1% | 37.2% | 36.5% | 36.6% |
Net income | 1,088.7 | 997.1 | 749.0 | 562.4 | 532.4 | 422.6 | 437.1 | 410.4 |
Net margin | 7.7% | 7.8% | 7.1% | 6.7% | 6.7% | 5.8% | 6.4% | 6.6% |
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Diluted EPS | $9.71 | $8.61 | $6.38 | $4.66 | $4.31 | $3.30 | $3.27 | $3.00 |
Shares outstanding (diluted) | 112.1 | 115.8 | 117.4 | 120.7 | 123.5 | 128.2 | 133.8 | 136.8 |
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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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