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 | 2,542.9 | 1,930.8 | 1,680.8 | 1,726.4 | 1,748.5 | 1,680.3 | 1,538.9 | 1,261.3 |
| Revenue growth | 31.7% | 14.9% | -2.6% | -1.3% | 4.1% | 9.2% | 22.0% | -9.5% |
| Cost of goods sold | 548.4 | 501.7 | 495.4 | 496.0 | 481.7 | 454.6 | 426.6 | 323.8 |
| Gross profit | 1,994.4 | 1,429.1 | 1,185.4 | 1,230.4 | 1,266.8 | 1,225.7 | 1,112.3 | 937.5 |
| Gross margin | 78.4% | 74.0% | 70.5% | 71.3% | 72.5% | 72.9% | 72.3% | 74.3% |
| Selling, general and administrative | | | | | | | | |
| General and administrative | 66.7 | 60.1 | 56.4 | 52.9 | 51.7 | 51.6 | 46.2 | 40.1 |
| EBIT | 455.2 | 409.4 | 428.3 | 406.0 | 398.9 | 422.5 | 336.2 | 300.4 |
| EBIT margin | 17.9% | 21.2% | 25.5% | 23.5% | 22.8% | 25.1% | 21.8% | 23.8% |
| Pre-tax income | 296.0 | 258.4 | 275.7 | 242.9 | 255.9 | 281.7 | 205.9 | 220.2 |
| Income taxes | 25.2 | 7.2 | 32.9 | 29.6 | -23.7 | 73.4 | 59.1 | 78.7 |
| Tax rate | 8.5% | 2.8% | 11.9% | 12.2% | | 26.0% | 28.7% | 35.7% |
| Net income | 258.4 | 236.7 | 227.6 | 199.3 | 538.0 | 385.4 | 73.0 | -32.1 |
| Net margin | 10.2% | 12.3% | 13.5% | 11.5% | 30.8% | 22.9% | 4.7% | -2.5% |
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| Diluted EPS | $3.97 | $3.74 | $3.65 | $3.28 | $9.70 | $6.99 | $1.37 | ($0.71) |
| Shares outstanding (diluted) | 65.0 | 63.3 | 62.4 | 60.8 | 55.5 | 55.1 | 53.3 | 45.3 |
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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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