v3.24.1.u1
Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Mar. 29, 2024
Dec. 31, 2023
Current assets:    
Cash and equivalents $ 704.6 $ 1,888.8
Accounts receivable less allowance for doubtful accounts of $33.1 and $39.2, respectively 962.6 960.8
Inventories:    
Finished goods 226.6 214.1
Work in process 113.9 108.9
Raw materials 240.3 213.9
Inventories 580.8 536.9
Prepaid expenses and other current assets 365.9 285.1
Total current assets 2,613.9 3,671.6
Property, plant and equipment, net of accumulated depreciation of $793.1 and $809.0, respectively 422.7 439.8
Other assets 536.2 518.9
Goodwill 10,234.6 9,121.7
Other intangible assets, net 3,712.7 3,159.8
Total assets 17,520.1 16,911.8
Current liabilities:    
Trade accounts payable 667.2 608.6
Accrued expenses and other current liabilities 1,071.5 1,182.7
Total current liabilities 1,738.7 1,791.3
Other long-term liabilities 1,356.6 1,149.0
Long-term debt 3,941.7 3,646.2
Commitments and Contingencies (Note 9)
Equity:    
Common stock: $0.01 par value, 2.0 billion shares authorized; 365.3 and 363.7 issued; 352.0 and 350.7 outstanding, respectively 3.7 3.6
Additional paid-in capital 3,906.1 3,851.3
Treasury shares, at cost (715.8) (715.8)
Retained earnings 7,685.2 7,505.9
Accumulated other comprehensive loss (402.5) (326.1)
Total Fortive stockholders’ equity 10,476.7 10,318.9
Noncontrolling interests 6.4 6.4
Total stockholders’ equity 10,483.1 10,325.3
Total liabilities and equity $ 17,520.1 $ 16,911.8

Source

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