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 | 17,073.9 | 12,980.2 | 11,202.7 | 12,112.2 | 11,171.4 | 9,466.5 | 7,651.3 | 7,572.4 |
| Revenue growth | 31.5% | 15.9% | -7.5% | 8.4% | 18.0% | 23.7% | 1.0% | -2.3% |
| Cost of goods sold | 14,544.7 | 11,027.0 | 9,541.8 | 10,511.9 | 9,691.5 | 8,224.6 | 6,637.5 | 6,648.8 |
| Gross profit | 2,529.2 | 1,953.3 | 1,660.8 | 1,600.3 | 1,480.0 | 1,241.9 | 1,013.8 | 923.7 |
| Gross margin | 14.8% | 15.0% | 14.8% | 13.2% | 13.2% | 13.1% | 13.3% | 12.2% |
| Selling, general and administrative | 1,336.7 | 1,156.0 | 975.1 | 956.0 | 857.6 | 777.9 | 653.3 | 592.9 |
| EBITA | 1,231.6 | 821.2 | 694.9 | 604.0 | 656.1 | 463.9 | 360.5 | 330.8 |
| EBITA margin | 7.2% | 6.3% | 6.2% | 5.0% | 5.9% | 4.9% | 4.7% | 4.4% |
| Amortization of intangibles | 354.0 | 165.4 | 76.7 | 62.1 | 44.0 | 32.2 | 31.7 | 34.8 |
| EBIT | 877.7 | 655.8 | 618.2 | 542.0 | 612.1 | 431.7 | 328.8 | 296.0 |
| EBIT margin | 5.1% | 5.1% | 5.5% | 4.5% | 5.5% | 4.6% | 4.3% | 3.9% |
| Pre-tax income | 703.9 | 622.9 | 571.3 | 572.3 | 457.7 | 353.8 | 307.7 | 228.7 |
| Income taxes | 192.2 | 130.9 | 119.4 | 165.5 | 161.7 | 35.5 | 107.2 | 97.5 |
| Tax rate | 27.3% | 21.0% | 20.9% | 28.9% | 35.3% | 10.0% | 34.9% | 42.6% |
| Earnings from continuing ops | 491.2 | 486.0 | 445.6 | 402.0 | 293.3 | 315.0 | 198.7 | 120.3 |
| Earnings from discontinued ops | | | | | | | -0.3 | 190.6 |
| Net income | 491.2 | 486.0 | 445.6 | 402.0 | 293.3 | 315.0 | 198.4 | 310.9 |
| Net margin | 2.9% | 3.7% | 4.0% | 3.3% | 2.6% | 3.3% | 2.6% | 4.1% |
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| Diluted EPS | $3.32 | $3.34 | $3.07 | $2.73 | $1.90 | $2.00 | $1.26 | $0.62 |
| Shares outstanding (diluted) | 148.0 | 145.4 | 145.2 | 147.5 | 154.2 | 157.2 | 157.3 | 195.1 |
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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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