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 | 2,212.3 | 2,093.7 | 1,992.5 | 1,626.4 | 1,663.0 | 1,033.7 | 1,018.2 | 866.3 |
| Revenue growth | 5.7% | 5.1% | 22.5% | -2.2% | 60.9% | 1.5% | 17.5% | |
| Cost of goods sold | 1,416.5 | 1,302.0 | 1,329.6 | 1,147.2 | 938.8 | 507.5 | 420.8 | 349.6 |
| Gross profit | 795.8 | 791.7 | 663.0 | 479.2 | 724.2 | 526.2 | 597.5 | 516.7 |
| Gross margin | 36.0% | 37.8% | 33.3% | 29.5% | 43.5% | 50.9% | 58.7% | 59.6% |
| Selling, general and administrative | 399.7 | 365.5 | 326.7 | 289.6 | 227.8 | 109.0 | 118.8 | 97.2 |
| Research and development | 195.7 | 201.8 | 179.9 | 188.0 | 194.2 | 171.4 | 179.0 | 136.9 |
| EBITA | -81.7 | 358.6 | 277.1 | -11.3 | 200.2 | 219.8 | 314.3 | 236.2 |
| EBITA margin | -3.7% | 17.1% | 13.9% | -0.7% | 12.0% | 21.3% | 30.9% | 27.3% |
| Amortization of intangibles | | 172.7 | 175.0 | 144.0 | 144.0 | 4.0 | 3.7 | |
| EBIT | -81.7 | 185.9 | 102.1 | -155.3 | 56.3 | 215.8 | 310.6 | 236.2 |
| EBIT margin | -3.7% | 8.9% | 5.1% | -9.5% | 3.4% | 20.9% | 30.5% | 27.3% |
| Pre-tax income | -248.1 | 31.4 | -35.8 | -220.2 | -202.7 | 171.3 | 214.8 | 175.6 |
| Income taxes | 6.7 | 11.2 | -104.4 | 383.3 | -1.4 | 2.0 | 5.4 | 5.0 |
| Tax rate | | 35.7% | 291.7% | | 0.7% | 1.2% | 2.5% | 2.8% |
| Net income | -254.8 | 10.6 | 91.1 | -361.9 | -20.9 | 0.0 | 0.0 | 0.0 |
| Net margin | -11.5% | 0.5% | 4.6% | -22.3% | -1.3% | 0.0% | 0.0% | 0.0% |
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| Diluted EPS | ($1.69) | $0.07 | $0.61 | ($2.74) | ($0.16) | | | |
| Shares outstanding (diluted) | 150.9 | 151.8 | 148.9 | 132.1 | 127.3 | | | |
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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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