Financial Summary (All financials)
| In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
| Revenues | 3,336.0 | 3,204.0 | 3,017.0 | 2,913.0 | 2,904.0 | 3,570.0 | 3,224.0 | 2,910.0 |
| Revenue growth | 4.1% | 6.2% | 3.6% | 0.3% | -18.7% | 10.7% | 10.8% | 2.7% |
| Cost of goods sold | 2,730.0 | 2,548.0 | 2,317.0 | 2,263.0 | 2,279.0 | 2,989.0 | 2,829.0 | 2,752.0 |
| Gross profit | 606.0 | 656.0 | 700.0 | 650.0 | 625.0 | 581.0 | 395.0 | 158.0 |
| Gross margin | 18.2% | 20.5% | 23.2% | 22.3% | 21.5% | 16.3% | 12.3% | 5.4% |
| Selling, general and administrative | 379.0 | 303.0 | 297.0 | 302.0 | 323.0 | 320.0 | 304.0 | 289.0 |
| EBITA | 269.0 | 424.0 | 475.0 | 404.0 | 360.0 | 283.0 | 91.0 | -120.0 |
| EBITA margin | 8.1% | 13.2% | 15.7% | 13.9% | 12.4% | 7.9% | 2.8% | -4.1% |
| Amortization of intangibles | | | | | | 7.0 | 8.0 | 7.0 |
| EBIT | 269.0 | 424.0 | 475.0 | 404.0 | 360.0 | 276.0 | 83.0 | -127.0 |
| EBIT margin | 8.1% | 13.2% | 15.7% | 13.9% | 12.4% | 7.7% | 2.6% | -4.4% |
| Pre-tax income | 227.0 | 335.0 | 274.0 | 236.0 | 33.0 | 59.0 | -170.0 | -410.0 |
| Income taxes | -34.0 | -238.0 | -63.0 | -740.0 | 7.0 | 11.0 | 12.0 | -14.0 |
| Tax rate | | | | | 21.2% | 18.6% | | 3.4% |
| Earnings from continuing ops | 227.0 | 335.0 | -5.0 | 976.0 | 25.0 | 94.0 | -362.0 | -786.0 |
| Earnings from discontinued ops | | | 279.0 | | 13.0 | | 55.0 | |
| Net income | 227.0 | 335.0 | 274.0 | 976.0 | 38.0 | 94.0 | -307.0 | -786.0 |
| Net margin | 6.8% | 10.5% | 9.1% | 33.5% | 1.3% | 2.6% | -9.5% | -27.0% |
| |
| Diluted EPS | $1.59 | $2.28 | ($0.03) | $6.63 | $0.17 | $0.84 | ($3.40) | ($7.56) |
| Shares outstanding (diluted) | 142.6 | 146.7 | 147.7 | 147.2 | 144.3 | 111.4 | 106.4 | 103.9 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|