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 | 1,936.3 | 1,685.5 | 1,483.3 | 1,448.8 | 1,627.8 | 1,725.3 | 1,598.8 | 1,465.8 |
| Revenue growth | 14.9% | 13.6% | 2.4% | -11.0% | -5.7% | 7.9% | 9.1% | 13.8% |
| Cost of goods sold | 151.6 | 122.5 | 108.1 | 117.6 | 198.7 | 105.7 | 72.7 | 69.0 |
| Gross profit | 1,784.7 | 1,563.0 | 1,375.2 | 1,331.2 | 1,429.1 | 1,619.6 | 1,526.1 | 1,396.8 |
| Gross margin | 92.2% | 92.7% | 92.7% | 91.9% | 87.8% | 93.9% | 95.5% | 95.3% |
| Selling, general and administrative | 322.9 | 540.1 | 357.7 | 1,182.6 | 357.9 | 264.6 | 316.8 | 452.7 |
| Research and development | 322.9 | 540.1 | 357.7 | 1,182.6 | 357.9 | 264.6 | 147.6 | 245.1 |
| EBITA | 978.7 | 556.0 | 593.8 | -187.4 | 805.5 | 1,025.4 | 1,062.3 | 1,050.1 |
| EBITA margin | 50.5% | 33.0% | 40.0% | -12.9% | 49.5% | 59.4% | 66.4% | 71.6% |
| Amortization of intangibles | 0.1 | 0.1 | 0.2 | 0.2 | 0.1 | 0.5 | 0.6 | 1.1 |
| EBIT | 978.6 | 555.9 | 593.6 | -187.6 | 805.4 | 1,024.9 | 1,061.7 | 1,049.0 |
| EBIT margin | 50.5% | 33.0% | 40.0% | -12.9% | 49.5% | 59.4% | 66.4% | 71.6% |
| Pre-tax income | 950.6 | 593.9 | 638.9 | -165.0 | 758.9 | 769.5 | 1,060.2 | 1,044.4 |
| Income taxes | 223.3 | 118.1 | 124.1 | -60.5 | 169.7 | 351.6 | 346.5 | 392.8 |
| Tax rate | 23.5% | 19.9% | 19.4% | 36.7% | 22.4% | 45.7% | 32.7% | 37.6% |
| Net income | 727.3 | 475.8 | 514.8 | -104.5 | 589.2 | 417.9 | 713.7 | 651.6 |
| Net margin | 37.6% | 28.2% | 34.7% | -7.2% | 36.2% | 24.2% | 44.6% | 44.5% |
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| Diluted EPS | $15.00 | $10.06 | $11.54 | ($2.39) | $13.39 | $9.31 | $15.25 | $12.73 |
| Shares outstanding (diluted) | 48.5 | 47.3 | 44.6 | 43.8 | 44.0 | 44.9 | 46.8 | 51.2 |
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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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