v3.24.2
Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Jun. 28, 2024
Dec. 31, 2023
Current assets:    
Cash and equivalents $ 644.1 $ 1,888.8
Accounts receivable less allowance for doubtful accounts of $27.8 and $39.2, respectively 934.5 960.8
Inventories:    
Finished goods 224.0 214.1
Work in process 116.1 108.9
Raw materials 231.9 213.9
Inventories 572.0 536.9
Prepaid expenses and other current assets 368.9 285.1
Total current assets 2,519.5 3,671.6
Property, plant and equipment, net of accumulated depreciation of $810.2 and $809.0, respectively 417.9 439.8
Other assets 540.0 518.9
Goodwill 10,216.5 9,121.7
Other intangible assets, net 3,591.1 3,159.8
Total assets 17,285.0 16,911.8
Current liabilities:    
Current portion of long-term debt 383.9 0.0
Trade accounts payable 636.1 608.6
Accrued expenses and other current liabilities 1,025.8 1,182.7
Total current liabilities 2,045.8 1,791.3
Other long-term liabilities 1,337.0 1,149.0
Long-term debt 3,396.4 3,646.2
Commitments and Contingencies (Note 9)
Equity:    
Common stock: $0.01 par value, 2,000.0 shares authorized; 365.6 and 363.7 issued; 350.3 and 350.7 outstanding, respectively 3.7 3.6
Additional paid-in capital 3,937.3 3,851.3
Treasury shares, at cost (870.4) (715.8)
Retained earnings 7,852.3 7,505.9
Accumulated other comprehensive loss (423.6) (326.1)
Total Fortive stockholders’ equity 10,499.3 10,318.9
Noncontrolling interests 6.5 6.4
Total stockholders’ equity 10,505.8 10,325.3
Total liabilities and equity $ 17,285.0 $ 16,911.8

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