10-Q Filing

FORTIVE CORP CIK: 1659166 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001659166-18-000260`
Period End Date	20180930
Filing Date	20181025
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	a20180928-10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 72 Cash Flow Statement 63 Stockholders Equity 31 Comprehensive Income 20

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.09B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.14B	USD	Point-in-time
Preferred stock par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$910.90M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$803.20M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.15B	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$962.10M	USD	Point-in-time
Preferred stock authorized (in shares)	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Preferred stock authorized (in shares)	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.30B	USD	Point-in-time
Preferred stock issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock issued (in shares)	`PreferredStockSharesIssued`	1.40M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.14B	USD	Point-in-time
Preferred stock outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock outstanding (in shares)	`PreferredStockSharesOutstanding`	1.40M	shares	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$222.70M	USD	Point-in-time
Common stock par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$217.20M	USD	Point-in-time
Common stock par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock authorized (in shares)	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$109.80M	USD	Point-in-time
Common stock authorized (in shares)	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$78.90M	USD	Point-in-time
Raw materials	`InventoryRawMaterialsNetOfReserves`	$316.70M	USD	Point-in-time
Raw materials	`InventoryRawMaterialsNetOfReserves`	$284.50M	USD	Point-in-time
Common stock issued (in shares)	`CommonStockSharesIssued`	350.30M	shares	Point-in-time
Common stock issued (in shares)	`CommonStockSharesIssued`	348.20M	shares	Point-in-time
Total inventories	`InventoryNet`	$649.20M	USD	Point-in-time
Total inventories	`InventoryNet`	$580.60M	USD	Point-in-time
Common stock outstanding (in shares)	`CommonStockSharesOutstanding`	347.80M	shares	Point-in-time
Common stock outstanding (in shares)	`CommonStockSharesOutstanding`	349.80M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$324.40M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$250.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.94B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.41B	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $1,135.4 and $1,086.8 at September 28, 2018 and December 31, 2017, respectively	`PropertyPlantAndEquipmentNet`	$682.30M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $1,135.4 and $1,086.8 at September 28, 2018 and December 31, 2017, respectively	`PropertyPlantAndEquipmentNet`	$712.50M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$476.80M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$523.00M	USD	Point-in-time
Goodwill	`Goodwill`	$6.74B	USD	Point-in-time
Goodwill	`Goodwill`	$5.10B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.50B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.28B	USD	Point-in-time
Total assets	`Assets`	$10.50B	USD	Point-in-time
Total assets	`Assets`	$13.86B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.82B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	-	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$758.70M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$727.50M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$874.80M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$896.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.48B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.60B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.36B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.03B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$4.06B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$3.18B	USD	Point-in-time
5.0% Mandatory convertible preferred stock, series A: $0.01 par value, 15.0 million shares authorized; 1.4 million shares issued and outstanding at September 28, 2018; no shares issued or outstanding at December 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
5.0% Mandatory convertible preferred stock, series A: $0.01 par value, 15.0 million shares authorized; 1.4 million shares issued and outstanding at September 28, 2018; no shares issued or outstanding at December 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Common stock: $0.01 par value, 2.0 billion shares authorized; 350.3 and 348.2 million issued; 349.8 and 347.8 million outstanding at September 28, 2018 and December 31, 2017, respectively	`CommonStockValue`	$3.50M	USD	Point-in-time
Common stock: $0.01 par value, 2.0 billion shares authorized; 350.3 and 348.2 million issued; 349.8 and 347.8 million outstanding at September 28, 2018 and December 31, 2017, respectively	`CommonStockValue`	$3.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.86B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.44B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.35B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.06B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-92.80M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.60M	USD	Point-in-time
Total Fortive stockholders equity	`StockholdersEquity`	$5.83B	USD	Point-in-time
Total Fortive stockholders equity	`StockholdersEquity`	$3.79B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$18.80M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$17.90M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.85B	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.81B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$13.86B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$10.50B	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	$1.69B	USD	1 Quarter
Sales	`Revenues`	$4.85B	USD	3 Qtrs
Sales	`Revenues`	$5.44B	USD	3 Qtrs
Sales	`Revenues`	$1.84B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$2.70B	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$845.90M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$2.46B	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$915.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.39B	USD	3 Qtrs
Gross profit	`GrossProfit`	$839.40M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.73B	USD	3 Qtrs
Gross profit	`GrossProfit`	$924.30M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$490.40M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$380.70M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.09B	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.36B	USD	3 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$102.00M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$112.50M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$332.40M	USD	3 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$297.30M	USD	3 Qtrs
Operating profit	`OperatingIncomeLoss`	$356.70M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$1.00B	USD	3 Qtrs
Operating profit	`OperatingIncomeLoss`	$1.04B	USD	3 Qtrs
Operating profit	`OperatingIncomeLoss`	$321.40M	USD	1 Quarter
Gain from acquisition	`BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain`	$15.30M	USD	3 Qtrs
Gain from acquisition	`BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain`	-	USD	3 Qtrs
Gain from acquisition	`BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain`	$15.30M	USD	1 Quarter
Gain from acquisition	`BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain`	-	USD	1 Quarter
Interest expense, net	`InterestExpense`	$24.40M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$74.30M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$22.90M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$68.20M	USD	3 Qtrs
Other non-operating expenses	`OtherNonoperatingExpense`	$2.30M	USD	3 Qtrs
Other non-operating expenses	`OtherNonoperatingExpense`	$2.60M	USD	3 Qtrs
Other non-operating expenses	`OtherNonoperatingExpense`	$800.00K	USD	1 Quarter
Other non-operating expenses	`OtherNonoperatingExpense`	$800.00K	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$946.20M	USD	3 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$965.20M	USD	3 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$296.20M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$348.30M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$50.90M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$238.60M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$163.70M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$80.50M	USD	1 Quarter
Net earnings	`ProfitLoss`	$267.80M	USD	1 Quarter
Net earnings	`ProfitLoss`	$707.60M	USD	3 Qtrs
Net earnings	`ProfitLoss`	$245.30M	USD	1 Quarter
Net earnings	`ProfitLoss`	$801.50M	USD	3 Qtrs
Mandatory convertible preferred stock cumulative dividends	`PreferredStockDividendsIncomeStatementImpact`	$17.40M	USD	1 Quarter
Mandatory convertible preferred stock cumulative dividends	`PreferredStockDividendsIncomeStatementImpact`	-	USD	3 Qtrs
Mandatory convertible preferred stock cumulative dividends	`PreferredStockDividendsIncomeStatementImpact`	-	USD	1 Quarter
Mandatory convertible preferred stock cumulative dividends	`PreferredStockDividendsIncomeStatementImpact`	$17.60M	USD	3 Qtrs
Net earnings attributable to common stockholders	`NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic`	$227.90M	USD	1 Quarter
Net earnings attributable to common stockholders	`NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic`	$783.90M	USD	3 Qtrs
Net earnings attributable to common stockholders	`NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic`	$267.80M	USD	1 Quarter
Net earnings attributable to common stockholders	`NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic`	$707.60M	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.65	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.24	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.77	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.04	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.01	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.64	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.76	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.21	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	349.20M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	349.90M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	347.30M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	347.70M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	352.20M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	352.90M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	355.30M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	354.80M	shares	3 Qtrs

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Payments of stock issuance costs	`PaymentsOfStockIssuanceCosts`	$43.00M	USD	3 Qtrs
Net earnings	`ProfitLoss`	$267.80M	USD	1 Quarter
Net earnings	`ProfitLoss`	$707.60M	USD	3 Qtrs
Net earnings	`ProfitLoss`	$245.30M	USD	1 Quarter
Net earnings	`ProfitLoss`	$801.50M	USD	3 Qtrs
Depreciation	`Depreciation`	$72.40M	USD	3 Qtrs
Depreciation	`Depreciation`	$103.30M	USD	3 Qtrs
Amortization	`AdjustmentForAmortization`	$81.50M	USD	3 Qtrs
Amortization	`AdjustmentForAmortization`	$41.30M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$37.20M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$40.50M	USD	3 Qtrs
Gain from acquisition	`BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain`	$15.30M	USD	3 Qtrs
Gain from acquisition	`BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain`	-	USD	3 Qtrs
Gain from acquisition	`BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain`	$15.30M	USD	1 Quarter
Gain from acquisition	`BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain`	-	USD	1 Quarter
Change in accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$30.80M	USD	3 Qtrs
Change in accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$85.10M	USD	3 Qtrs
Change in inventories	`IncreaseDecreaseInInventories`	$-8.20M	USD	3 Qtrs
Change in inventories	`IncreaseDecreaseInInventories`	$78.90M	USD	3 Qtrs
Change in trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$-51.20M	USD	3 Qtrs
Change in trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$30.20M	USD	3 Qtrs
Change in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$17.90M	USD	3 Qtrs
Change in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$28.80M	USD	3 Qtrs
Change in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$35.40M	USD	3 Qtrs
Change in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-38.50M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$713.00M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$899.60M	USD	3 Qtrs
Cash paid for acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$802.10M	USD	3 Qtrs
Cash paid for acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$2.83B	USD	3 Qtrs
Payments for additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$93.70M	USD	3 Qtrs
Payments for additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$87.70M	USD	3 Qtrs
All other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.50M	USD	3 Qtrs
All other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-4.10M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-888.30M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.91B	USD	3 Qtrs
Net (repayments of) proceeds from borrowings (maturities of 90 days or less)	`ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess`	$-64.30M	USD	3 Qtrs
Net (repayments of) proceeds from borrowings (maturities of 90 days or less)	`ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess`	$176.80M	USD	3 Qtrs
Proceeds from borrowings (maturities longer than 90 days)	`ProceedsFromDebtMaturingInMoreThanThreeMonths`	$1.75B	USD	3 Qtrs
Proceeds from borrowings (maturities longer than 90 days)	`ProceedsFromDebtMaturingInMoreThanThreeMonths`	$125.90M	USD	3 Qtrs
Repayment of borrowings (greater than 90 days)	`RepaymentsOfDebt`	-	USD	3 Qtrs
Repayment of borrowings (greater than 90 days)	`RepaymentsOfDebt`	$725.00M	USD	3 Qtrs
Proceeds from issuance of mandatory convertible preferred stock net of $43 million of issuance costs	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	3 Qtrs
Proceeds from issuance of mandatory convertible preferred stock net of $43 million of issuance costs	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$1.34B	USD	3 Qtrs
Payment of common stock cash dividend to shareholders	`PaymentsOfDividends`	$72.80M	USD	3 Qtrs
Payment of common stock cash dividend to shareholders	`PaymentsOfDividends`	$73.20M	USD	3 Qtrs
Payment of mandatory convertible preferred stock cash dividend to shareholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$17.60M	USD	3 Qtrs
Payment of mandatory convertible preferred stock cash dividend to shareholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	-	USD	3 Qtrs
All other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$10.90M	USD	3 Qtrs
All other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$27.20M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$240.80M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.23B	USD	3 Qtrs
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$42.20M	USD	3 Qtrs
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-36.30M	USD	3 Qtrs
Net change in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$107.70M	USD	3 Qtrs
Net change in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$183.00M	USD	3 Qtrs
Beginning balance of cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$910.90M	USD	Point-in-time
Beginning balance of cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$803.20M	USD	Point-in-time
Beginning balance of cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.15B	USD	Point-in-time
Beginning balance of cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$962.10M	USD	Point-in-time
Ending balance of cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$910.90M	USD	Point-in-time
Ending balance of cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$803.20M	USD	Point-in-time
Ending balance of cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.15B	USD	Point-in-time
Ending balance of cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$962.10M	USD	Point-in-time

Stockholders Equity 31 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.85B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.81B	USD	Point-in-time
Common stock outstanding (in shares)	`CommonStockSharesOutstanding`	347.80M	shares	Point-in-time
Common stock outstanding (in shares)	`CommonStockSharesOutstanding`	349.80M	shares	Point-in-time
Preferred stock outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock outstanding (in shares)	`PreferredStockSharesOutstanding`	1.40M	shares	Point-in-time
Net earnings for the period	`ProfitLoss`	$267.80M	USD	1 Quarter
Net earnings for the period	`ProfitLoss`	$707.60M	USD	3 Qtrs
Net earnings for the period	`ProfitLoss`	$245.30M	USD	1 Quarter
Net earnings for the period	`ProfitLoss`	$801.50M	USD	3 Qtrs
Dividends to shareholders	`DividendsCommonStockCash`	$72.80M	USD	3 Qtrs
Dividends to shareholders	`DividendsCommonStockCash`	$24.30M	USD	1 Quarter
Dividends to shareholders	`DividendsCommonStockCash`	$24.30M	USD	1 Quarter
Dividends to shareholders	`DividendsCommonStockCash`	$24.40M	USD	1 Quarter
Dividends to shareholders	`DividendsCommonStockCash`	$24.30M	USD	1 Quarter
Dividends to shareholders	`DividendsCommonStockCash`	$24.50M	USD	1 Quarter
Dividends to shareholders	`DividendsCommonStockCash`	$73.20M	USD	3 Qtrs
Dividends to shareholders	`DividendsCommonStockCash`	$24.30M	USD	1 Quarter
Mandatory convertible preferred stock cumulative dividends	`DividendsPreferredStockCash`	$17.60M	USD	Point-in-time
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$39.00M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$129.50M	USD	3 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-23.20M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-85.20M	USD	3 Qtrs
Issuance of mandatory convertible preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	3 Qtrs
Issuance of mandatory convertible preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$1.34B	USD	3 Qtrs
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.85B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.81B	USD	Point-in-time
Common stock outstanding (in shares)	`CommonStockSharesOutstanding`	347.80M	shares	Point-in-time
Common stock outstanding (in shares)	`CommonStockSharesOutstanding`	349.80M	shares	Point-in-time
Preferred stock outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock outstanding (in shares)	`PreferredStockSharesOutstanding`	1.40M	shares	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`ProfitLoss`	$267.80M	USD	1 Quarter
Net earnings	`ProfitLoss`	$707.60M	USD	3 Qtrs
Net earnings	`ProfitLoss`	$245.30M	USD	1 Quarter
Net earnings	`ProfitLoss`	$801.50M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$126.90M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$38.10M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-23.90M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-87.30M	USD	3 Qtrs
Pension adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-2.60M	USD	3 Qtrs
Pension adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-700.00K	USD	1 Quarter
Pension adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-2.10M	USD	3 Qtrs
Pension adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-900.00K	USD	1 Quarter
Total other comprehensive income, net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$39.00M	USD	1 Quarter
Total other comprehensive income, net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$129.50M	USD	3 Qtrs
Total other comprehensive income, net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-23.20M	USD	1 Quarter
Total other comprehensive income, net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-85.20M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$306.80M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$222.10M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$837.10M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$716.30M	USD	3 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.