Balance Sheet

v3.24.3

Consolidated Condensed Balance Sheets - USD ($) $ in Millions	Sep. 27, 2024	Dec. 31, 2023
Current assets:
Cash and equivalents	$ 811.3	$ 1,888.8
Accounts receivable less allowance for doubtful accounts of $29.4 and $39.2, respectively	912.2	960.8
Inventories:
Finished goods	225.6	214.1
Work in process	111.8	108.9
Raw materials	226.5	213.9
Inventories	563.9	536.9
Prepaid expenses and other current assets	347.8	285.1
Total current assets	2,635.2	3,671.6
Property, plant and equipment, net of accumulated depreciation of $816.6 and $809.0, respectively	425.1	439.8
Other assets	561.0	518.9
Goodwill	10,322.3	9,121.7
Other intangible assets, net	3,510.0	3,159.8
Total assets	17,453.6	16,911.8
Current liabilities:
Current portion of long-term debt	408.1	0.0
Trade accounts payable	623.8	608.6
Accrued expenses and other current liabilities	1,068.9	1,182.7
Total current liabilities	2,100.8	1,791.3
Other long-term liabilities	1,339.5	1,149.0
Long-term debt	3,451.8	3,646.2
Commitments and Contingencies (Note 9)
Equity:
Common stock: $0.01 par value, 2,000.0 shares authorized; 366.1 and 363.7 issued; 346.9 and 350.7 outstanding, respectively	3.7	3.6
Additional paid-in capital	3,982.1	3,851.3
Treasury shares, at cost	(1,142.8)	(715.8)
Retained earnings	8,046.1	7,505.9
Accumulated other comprehensive loss	(334.2)	(326.1)
Total Fortive stockholders’ equity	10,554.9	10,318.9
Noncontrolling interests	6.6	6.4
Total stockholders’ equity	10,561.5	10,325.3
Total liabilities and equity	$ 17,453.6	$ 16,911.8

- Definition

Carrying value as of the balance sheet date of obligations incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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