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 | 6,311.1 | 5,541.4 | 4,598.6 | 4,200.8 | 3,807.2 | 3,369.0 | 3,049.4 | 2,722.6 |
| Revenue growth | 13.9% | 20.5% | 9.5% | 10.3% | 13.0% | 10.5% | 12.0% | 10.5% |
| Cost of goods sold | 3,136.5 | 2,432.8 | 1,874.8 | 1,682.2 | 1,511.8 | 1,231.4 | 1,107.4 | 1,090.3 |
| Gross profit | 3,174.6 | 3,108.5 | 2,723.9 | 2,518.6 | 2,295.4 | 2,137.7 | 1,942.0 | 1,632.3 |
| Gross margin | 50.3% | 56.1% | 59.2% | 60.0% | 60.3% | 63.5% | 63.7% | 60.0% |
| Selling, general and administrative | 1,589.8 | 1,311.0 | 1,090.7 | 1,115.6 | 1,011.8 | 938.9 | 856.7 | 900.1 |
| EBITA | 1,592.3 | 1,801.9 | 1,640.9 | 1,414.5 | 1,295.5 | 1,210.7 | 1,095.9 | 1,059.0 |
| EBITA margin | 25.2% | 32.5% | 35.7% | 33.7% | 34.0% | 35.9% | 35.9% | 38.9% |
| Amortization of intangibles | 7.6 | 4.4 | 7.7 | 11.6 | 11.9 | 11.9 | 10.6 | 3.9 |
| EBIT | 1,584.7 | 1,797.5 | 1,633.2 | 1,402.9 | 1,283.6 | 1,198.8 | 1,085.3 | 1,055.1 |
| EBIT margin | 25.1% | 32.4% | 35.5% | 33.4% | 33.7% | 35.6% | 35.6% | 38.8% |
| Pre-tax income | 1,572.0 | 1,801.4 | 1,626.2 | 1,416.0 | 1,293.3 | 1,201.6 | 1,079.7 | 891.5 |
| Income taxes | 380.3 | 423.9 | 216.6 | 308.1 | 300.3 | 380.9 | 367.0 | 344.8 |
| Tax rate | 24.2% | 23.5% | 13.3% | 21.8% | 23.2% | 31.7% | 34.0% | 38.7% |
| Net income | 1,191.6 | 1,377.5 | 1,409.6 | 1,107.8 | 993.0 | 820.7 | 712.7 | 546.7 |
| Net margin | 18.9% | 24.9% | 30.7% | 26.4% | 26.1% | 24.4% | 23.4% | 20.1% |
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| Diluted EPS | $2.23 | $2.57 | $2.64 | $2.03 | $1.76 | $1.42 | $1.19 | $0.95 |
| Shares outstanding (diluted) | 533.2 | 535.6 | 534.8 | 546.6 | 564.3 | 577.1 | 599.8 | 577.8 |
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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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