Financial Summary (All financials)
| In millions, except per share items | Dec-31-22 | Jan-01-22 | Jan-02-21 | Dec-28-19 | Dec-29-18 | Dec-30-17 | Dec-31-16 | Jan-02-16 |
| Revenues | 9,039.3 | 8,408.3 | 6,971.5 | 7,070.1 | 7,159.0 | 6,613.8 | 6,086.5 | 5,966.9 |
| Revenue growth | 7.5% | 20.6% | -1.4% | -1.2% | 8.2% | 8.7% | 2.0% | -5.7% |
| Cost of goods sold | 6,635.1 | 6,095.5 | 5,048.2 | 5,166.0 | 5,243.5 | 4,801.6 | 4,386.8 | 4,321.1 |
| Gross profit | 2,404.2 | 2,312.8 | 1,923.3 | 1,904.1 | 1,915.5 | 1,812.2 | 1,699.7 | 1,645.8 |
| Gross margin | 26.6% | 27.5% | 27.6% | 26.9% | 26.8% | 27.4% | 27.9% | 27.6% |
| Selling, general and administrative | 1,330.8 | 1,248.5 | 1,060.5 | 1,080.4 | 1,127.5 | 1,105.2 | 1,085.7 | 1,108.1 |
| Research and development | | | | | | | | |
| EBITA | 1,155.8 | 1,103.3 | 829.1 | 784.0 | 733.3 | 671.1 | 556.9 | 489.9 |
| EBITA margin | 12.8% | 13.1% | 11.9% | 11.1% | 10.2% | 10.1% | 9.1% | 8.2% |
| Amortization of intangibles | 81.8 | 44.6 | 19.9 | 13.5 | 15.2 | 18.6 | 19.9 | 20.5 |
| EBIT | 1,074.0 | 1,058.7 | 809.2 | 770.5 | 718.1 | 652.5 | 537.0 | 469.4 |
| EBIT margin | 11.9% | 12.6% | 11.6% | 10.9% | 10.0% | 9.9% | 8.8% | 7.9% |
| Pre-tax income | 999.3 | 992.6 | 737.3 | 249.5 | 554.8 | 589.5 | 477.1 | 408.9 |
| Income taxes | 242.2 | 248.6 | 177.7 | -56.7 | 85.4 | 307.7 | 156.4 | 134.5 |
| Tax rate | 24.2% | 25.0% | 24.1% | | 15.4% | 52.2% | 32.8% | 32.9% |
| Earnings from continuing ops | 999.3 | 992.6 | 737.3 | 303.6 | 467.4 | 281.8 | 320.7 | 274.4 |
| Earnings from discontinued ops | | | | | | | | -0.1 |
| Net income | 757.1 | 740.1 | 555.9 | 303.6 | 467.4 | 281.8 | 320.7 | 274.3 |
| Net margin | 8.4% | 8.8% | 8.0% | 4.3% | 6.5% | 4.3% | 5.3% | 4.6% |
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| Diluted EPS | $12.16 | $11.84 | $8.77 | $3.57 | $5.28 | $3.13 | $3.54 | $2.95 |
| Shares outstanding (diluted) | 82.2 | 83.8 | 84.1 | 85.0 | 88.6 | 90.1 | 90.7 | 92.9 |
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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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