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 |
| Revenues | 10,105.7 | 9,388.7 | 7,843.7 | 8,751.0 | 8,219.9 | 6,923.9 | 6,215.7 |
| Revenue growth | 7.6% | 19.7% | -10.4% | 6.5% | 18.7% | 11.4% | |
| Cost of goods sold | 8,300.4 | 7,448.4 | 6,455.3 | 6,981.7 | 6,642.4 | 5,639.8 | 5,067.8 |
| Gross profit | 1,805.3 | 1,940.3 | 1,388.4 | 1,769.3 | 1,577.5 | 1,284.1 | 1,147.9 |
| Gross margin | 17.9% | 20.7% | 17.7% | 20.2% | 19.2% | 18.5% | 18.5% |
| Selling, general and administrative | 1,261.3 | 1,226.7 | 1,120.8 | 1,277.6 | 1,273.4 | 1,156.1 | 1,150.6 |
| EBITA | 459.0 | 628.9 | 157.2 | 384.9 | 200.2 | 39.0 | -77.8 |
| EBITA margin | 4.5% | 6.7% | 2.0% | 4.4% | 2.4% | 0.6% | -1.3% |
| Amortization of intangibles | | 66.2 | 144.9 | 187.3 | 184.2 | 180.2 | 179.6 |
| EBIT | 459.0 | 562.7 | 12.3 | 197.6 | 16.0 | -141.2 | -257.4 |
| EBIT margin | 4.5% | 6.0% | 0.2% | 2.3% | 0.2% | -2.0% | -4.1% |
| Pre-tax income | 338.0 | 339.9 | -176.6 | 42.8 | -210.8 | -341.8 | -458.9 |
| Income taxes | 141.6 | 89.9 | 43.9 | 42.6 | -25.0 | -120.5 | -24.3 |
| Tax rate | 41.9% | 26.4% | | 99.5% | 11.9% | 35.3% | 5.3% |
| Net income | 196.4 | 250.0 | -220.5 | 0.2 | -185.8 | -221.3 | -434.2 |
| Net margin | 1.9% | 2.7% | -2.8% | 0.0% | -2.3% | -3.2% | -7.0% |
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| Diluted EPS | $0.86 | $1.10 | ($1.00) | $0.00 | ($1.09) | ($1.54) | ($3.07) |
| Shares outstanding (diluted) | 228.0 | 226.5 | 220.8 | 224.5 | 171.2 | 143.9 | 141.4 |
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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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