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 | 3,454.0 | 3,572.0 | 2,758.0 | 2,642.0 | 1,819.0 | 1,698.0 | 1,309.0 | 1,510.0 |
| Revenue growth | -3.3% | 29.5% | 4.4% | 45.2% | 7.1% | 29.7% | -13.3% | -13.1% |
| Cost of goods sold | 2,622.0 | 2,677.0 | 2,137.0 | 2,159.0 | 1,321.0 | 1,309.0 | 1,176.0 | 1,491.0 |
| Gross profit | 832.0 | 895.0 | 621.0 | 483.0 | 498.0 | 389.0 | 133.0 | 19.0 |
| Gross margin | 24.1% | 25.1% | 22.5% | 18.3% | 27.4% | 22.9% | 10.2% | 1.3% |
| Selling, general and administrative | 289.0 | 318.0 | 347.0 | 347.0 | 267.0 | 249.0 | 185.0 | 199.0 |
| EBITA | 574.0 | 610.0 | 307.0 | 147.0 | 257.0 | 165.0 | -27.0 | -175.0 |
| EBITA margin | 16.6% | 17.1% | 11.1% | 5.6% | 14.1% | 9.7% | -2.1% | -11.6% |
| Amortization of intangibles | 31.0 | 33.0 | 33.0 | 30.0 | 26.0 | 25.0 | 25.0 | 26.0 |
| EBIT | 543.0 | 577.0 | 274.0 | 117.0 | 231.0 | 140.0 | -52.0 | -201.0 |
| EBIT margin | 15.7% | 16.2% | 9.9% | 4.4% | 12.7% | 8.2% | -4.0% | -13.3% |
| Pre-tax income | 308.0 | 374.0 | 114.0 | -88.0 | 43.0 | -87.0 | -264.0 | -349.0 |
| Income taxes | -192.0 | 71.0 | -881.0 | 14.0 | 13.0 | 6.0 | -125.0 | 23.0 |
| Tax rate | | 19.0% | | | 30.2% | | 47.3% | |
| Earnings from continuing ops | 497.0 | 286.0 | 969.0 | -216.0 | -7.0 | -106.0 | -279.0 | -756.0 |
| Earnings from discontinued ops | | | | 5.0 | | -179.0 | 79.0 | 55.0 |
| Net income | 497.0 | 286.0 | 969.0 | -211.0 | -7.0 | -285.0 | -200.0 | -701.0 |
| Net margin | 14.4% | 8.0% | 35.1% | -8.0% | -0.4% | -16.8% | -15.3% | -46.4% |
| |
| Diluted EPS | $3.16 | $1.81 | $6.69 | ($1.54) | ($0.06) | ($0.89) | ($2.40) | ($6.54) |
| Shares outstanding (diluted) | 157.1 | 157.9 | 144.9 | 139.9 | 122.9 | 119.5 | 116.2 | 115.6 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|