($ in millions)

			As of
			March 28, 2025						December 31, 2024
ASSETS
Current assets:
Cash and equivalents			$	885.9					$	808.1
Accounts receivable, net			647.4						661.3
Inventories:
Finished goods			164.4						151.9
Work in process			16.6						15.3
Raw materials			104.3						102.6
Inventories			285.3						269.8
Prepaid expenses and other current assets			252.4						233.6
Current assets, discontinued operations			633.1						619.5
Total current assets			2,704.1						2,592.3
Property, plant and equipment, net of accumulated depreciation			269.7						264.4
Other assets			313.7						316.9
Goodwill			7,241.0						7,216.0
Other intangible assets, net			2,444.2						2,530.5
Other assets, discontinued operations			4,164.3						4,096.0
Total assets			$	17,137.0					$	17,016.1
LIABILITIES AND EQUITY
Current liabilities:
Current portion of long-term debt			$	933.8					$	376.2
Trade accounts payable			432.0						425.4
Accrued expenses and other current liabilities			812.0						868.3
Current liabilities, discontinued operations			547.9						568.5
Total current liabilities			2,725.7						2,238.4
Other long-term liabilities			815.8						847.2
Long-term debt			2,929.1						3,331.1
Other long-term liabilities, discontinued operations			423.1						403.8
Commitments and Contingencies
Equity:
Common stock			3.7						3.7
Additional paid-in capital			4,071.6						4,035.0
Treasury shares, at cost			(1,815.9)						(1,612.3)
Retained earnings			8,372.4						8,227.6
Accumulated other comprehensive loss			(395.4)						(465.4)
Total Fortive stockholders’ equity			10,236.4						10,188.6
Noncontrolling interests			6.9						7.0
Total stockholders’ equity			10,243.3						10,195.6
Total liabilities and equity			$	17,137.0					$	17,016.1

•Excluding on a pretax basis the costs incurred pursuant to discrete restructuring plans that are fundamentally different from ongoing productivity improvements in terms of the size, strategic nature, planning requirements and the inconsistent frequency of such plans as well as the associated macroeconomic drivers which underlie such plans (the “Discrete Restructuring Charges”).

•Excluding on a pretax basis amortization of acquisition related intangible assets and non-cash impairments; and

•Excluding on a pretax basis acquisition and divestiture related items;

•Excluding on a pretax basis Russia exit and wind down costs.

•Excluding on a pretax basis the effect of gains and losses from our equity investments;

•Excluding on a pretax basis the charitable contribution expense;

•Excluding on a pretax basis the gain on sale of business;

•Excluding on a pretax basis the non-cash interest expense associated with our 0.875% convertible senior notes;

•Excluding on a pretax basis the gain on the disposition of assets;

•Excluding on a pretax loss on debt extinguishment, net of non-recurring gain on our investment in Vontier common stock; and

•Excluding on a pretax basis the gain on litigation resolution.

•Excluding on a pretax basis net interest expense; and

•Excluding on a pretax basis depreciation expense.

•Including the actual cash interest expense on our 0.875% Convertible Senior Notes due 2022 (“Convertible Notes”) that was not included under the if-converted methodology mandated in 2022 and, with respect to the adjusted diluted net earnings per share, excluding the outstanding shares of common stock imputed under the in-converted methodology for the Convertible Notes that, in fact, were repaid and settled without issuance of any shares of common stock. Since we settled the Convertible Notes in cash on February 15, 2022 and no common share conversion occurred, we have reversed the impacts of applying the if-converted method and included the actual cash interest expense in calculating the adjusted net earnings per share; and

•Excluding the tax effect (to the extent tax deductible) of the pretax adjustments noted above. The tax effect of such adjustments was calculated by applying our overall estimated effective tax rate to the pretax amount of each adjustment (unless the nature of the item and/or the tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment, in which case the tax effect of such item is estimated by applying such specific tax rate or tax treatment). We expect to apply our overall estimated effective tax rate to each adjustment going forward; and

•Excluding the discrete non-cash tax benefits.