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| 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 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Europe | 5,735.0 | 6,062.0 | 5,492.0 | | | 3,636.8 | 2,920.5 | 1,995.5 |
| North America | 4,556.0 | 4,379.0 | 4,040.0 | | | 4,799.7 | 4,444.6 | 4,119.1 |
| Specialty | 1,791.0 | 1,867.0 | 1,509.0 | 1,464.0 | 1,477.7 | 1,305.5 | 1,223.7 | 1,082.3 |
| Other | 712.0 | 781.0 | 588.0 | 11,042.1 | 10,399.0 | | | |
| Total revenues | 12,794.0 | 13,089.0 | 11,629.0 | 12,506.1 | 11,876.7 | 9,736.9 | 8,584.0 | 7,192.6 |
| Revenue growth [+] | -2.3% | 12.6% | -7.0% | 5.3% | 22.0% | 13.4% | 19.3% | 6.7% |
| Europe | -5.4% | 10.4% | | | | 24.5% | 46.4% | 8.1% |
| North America | 4.0% | 8.4% | | | | 8.0% | 7.9% | 0.7% |
| Specialty | -4.1% | 23.7% | 3.1% | -0.9% | 13.2% | 6.7% | 13.1% | 34.1% |
| Cost of goods sold | 7,571.0 | 7,767.0 | 7,036.0 | 7,654.3 | 7,301.8 | 5,937.3 | 5,232.3 | 4,359.1 |
| Gross profit | 5,223.0 | 5,322.0 | 4,593.0 | 4,851.8 | 4,574.9 | 3,799.6 | 3,351.7 | 2,833.5 |
| Gross margin | 40.8% | 40.7% | 39.5% | 38.8% | 38.5% | 39.0% | 39.0% | 39.4% |
| Selling, general and administrative | 3,544.0 | 3,568.0 | 3,266.0 | 3,580.3 | 3,352.7 | 2,715.4 | 2,359.1 | 1,987.3 |
| Equity in earnings | 11.0 | 23.0 | 5.0 | -32.3 | -64.5 | 5.9 | -0.6 | -6.1 |
| Other operating expenses | 20.0 | 20.0 | 66.0 | 47.1 | 33.2 | | | |
| EBITDA [+] | 1,697.0 | 1,781.0 | 1,293.0 | 1,215.8 | 1,144.3 | 1,100.8 | 1,006.7 | 846.2 |
| EBITDA growth | -4.7% | 37.7% | 6.4% | 6.2% | 4.0% | 9.4% | 19.0% | 7.4% |
| EBITDA margin | 13.3% | 13.6% | 11.1% | 9.7% | 9.6% | 11.3% | 11.7% | 11.8% |
| Depreciation | 169.0 | 180.0 | 180.0 | 174.4 | 157.1 | 128.2 | 123.1 | 94.2 |
| EBITA | 1,528.0 | 1,601.0 | 1,113.0 | 1,041.3 | 987.2 | 972.6 | 883.6 | 752.0 |
| EBITA margin | 11.9% | 12.2% | 9.6% | 8.3% | 8.3% | 10.0% | 10.3% | 10.5% |
| Amortization of intangibles | 95.0 | 104.0 | 119.0 | 140.0 | 137.0 | 102.0 | 83.0 | 34.0 |
| EBIT [+] | 1,433.0 | 1,497.0 | 994.0 | 901.3 | 850.2 | 870.6 | 800.6 | 718.0 |
| EBIT growth | -4.3% | 50.6% | 10.3% | 6.0% | -2.3% | 8.7% | 11.5% | 8.4% |
| EBIT margin | 11.2% | 11.4% | 8.5% | 7.2% | 7.2% | 8.9% | 9.3% | 10.0% |
| Non-recurring items [+] | -159.0 | | 3.0 | 37.0 | 32.4 | 19.7 | 37.8 | 19.5 |
| Restructuring charges | | | | 37.0 | 32.4 | 19.7 | 37.8 | 19.5 |
| Interest expense | 78.0 | 72.0 | 104.0 | 138.5 | 146.4 | 101.6 | 88.3 | 57.9 |
| Interest expense | 78.0 | 72.0 | 104.0 | 138.5 | 146.4 | 101.6 | 88.3 | 57.9 |
| Other income (expense), net [+] | 4.0 | -26.0 | -2.0 | 65.2 | 72.0 | 17.4 | 2.7 | 8.4 |
| Gain (loss) on debt retirement | | 24.0 | 13.0 | 0.1 | -1.4 | -0.5 | -26.7 | |
| Gain (loss) on foreign currency transactions | | | | | | | -18.3 | |
| Gain (loss) on acquisitions / transactions | | | | | 2.4 | | -8.2 | |
| Write-off of deferred debt issuance costs | | 24.0 | 13.0 | 0.1 | -1.4 | -0.5 | -26.7 | |
| Other | 15.0 | 21.0 | 16.0 | 32.8 | 8.9 | 23.7 | 2.2 | 2.3 |
| Pre-tax income | 1,518.0 | 1,399.0 | 885.0 | 791.0 | 743.4 | 766.6 | 677.3 | 649.0 |
| Income taxes | 385.0 | 331.0 | 250.0 | 215.3 | 191.4 | 235.6 | 220.6 | 219.7 |
| Tax rate | 25.4% | 23.7% | 28.2% | 27.2% | 25.7% | 30.7% | 32.6% | 33.9% |
| Earnings from continuing ops | 1,150.0 | 1,092.0 | 640.0 | 545.0 | 970.7 | 1,067.2 | 464.0 | 423.2 |
| Earnings from discontinued ops | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net income | 1,150.0 | 1,092.0 | 640.0 | 545.0 | 970.7 | 1,067.2 | 464.0 | 423.2 |
| Net margin | 9.0% | 8.3% | 5.5% | 4.4% | 8.2% | 11.0% | 5.4% | 5.9% |
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| Basic EPS [+] | $4.15 | $3.68 | $2.10 | $1.76 | $3.09 | $3.46 | $1.51 | $1.39 |
| Growth | 12.8% | 75.1% | 19.6% | -43.1% | -10.7% | 128.7% | 8.9% | 10.1% |
| Diluted EPS [+] | $4.14 | $3.67 | $2.10 | $1.75 | $3.07 | $3.44 | $1.50 | $1.38 |
| Growth | 12.8% | 74.8% | 19.7% | -43.0% | -10.5% | 129.4% | 8.8% | 10.4% |
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| Shares outstanding (basic) [+] | 277.1 | 296.8 | 304.6 | 310.2 | 314.4 | 308.6 | 306.9 | 304.7 |
| Growth | -6.6% | -2.6% | -1.8% | -1.4% | 1.9% | 0.6% | 0.7% | 0.8% |
| Shares outstanding (diluted) [+] | 278.0 | 297.7 | 305.0 | 311.0 | 315.8 | 310.6 | 309.8 | 307.5 |
| Growth | -6.6% | -2.4% | -1.9% | -1.5% | 1.7% | 0.3% | 0.7% | 0.5% |
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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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