Financial Summary (All financials)
| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| Revenues | 2,922.5 | 2,545.6 | 2,311.7 | 2,289.4 | 2,160.2 | 2,068.2 | 2,019.4 | 2,175.0 |
| Revenue growth | 14.8% | 10.1% | 1.0% | 6.0% | 4.4% | 2.4% | -7.2% | 2.0% |
| Cost of goods sold | 1,281.9 | 1,107.8 | 1,054.7 | 1,066.3 | 972.5 | 930.1 | 897.8 | 996.5 |
| Gross profit | 1,640.7 | 1,437.8 | 1,257.0 | 1,223.1 | 1,187.8 | 1,138.1 | 1,121.6 | 1,178.5 |
| Gross margin | 56.1% | 56.5% | 54.4% | 53.4% | 55.0% | 55.0% | 55.5% | 54.2% |
| Selling, general and administrative | 879.6 | 800.3 | 824.6 | 834.8 | 806.8 | 816.7 | 762.0 | 808.2 |
| Research and development | 271.7 | 226.6 | 202.7 | 199.2 | 250.2 | 205.9 | 193.0 | 220.3 |
| EBITA | 489.4 | 438.5 | 253.2 | 217.5 | 161.6 | 150.7 | 203.2 | 197.8 |
| EBITA margin | 16.7% | 17.2% | 11.0% | 9.5% | 7.5% | 7.3% | 10.1% | 9.1% |
| Amortization of intangibles | | 27.5 | 23.5 | 28.3 | 30.8 | 35.2 | 36.5 | 47.8 |
| EBIT | 489.4 | 411.0 | 229.7 | 189.2 | 130.8 | 115.5 | 166.7 | 150.0 |
| EBIT margin | 16.7% | 16.1% | 9.9% | 8.3% | 6.1% | 5.6% | 8.3% | 6.9% |
| Pre-tax income | 5,438.1 | 4,907.6 | 2,261.1 | 512.7 | 97.8 | 41.6 | 145.8 | 131.6 |
| Income taxes | 1,192.2 | 1,101.4 | 502.4 | 147.0 | -24.4 | 13.4 | 32.8 | 42.7 |
| Tax rate | 21.9% | 22.4% | 22.2% | 28.7% | | 32.3% | 22.5% | 32.5% |
| Net income | 4,245.9 | 3,806.3 | 1,758.7 | 365.6 | 122.2 | 28.1 | 113.1 | 88.8 |
| Net margin | 145.3% | 149.5% | 76.1% | 16.0% | 5.7% | 1.4% | 5.6% | 4.1% |
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| Diluted EPS | $140.56 | $126.20 | $58.27 | $12.10 | $4.07 | $0.95 | $3.85 | $3.05 |
| Shares outstanding (diluted) | 30.2 | 30.2 | 30.2 | 30.2 | 30.0 | 29.6 | 29.4 | 29.1 |
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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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