10-Q Filing

FORTIVE CORP CIK: 1659166 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001659166-19-000227`
Period End Date	20190930
Filing Date	20191025
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	a20190927-10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 96 Cash Flow Statement 74 Stockholders Equity 28 Comprehensive Income 20

Balance Sheet 83 line items

Line Item	Tag	Value	Unit	Period
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$825.70M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$889.80M	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`	$1.06B	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
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.18B	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.20B	USD	Point-in-time
Preferred stock, dividend rate	`PreferredStockDividendRatePercentage`	0.05	pure	3 Qtrs
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.33B	USD	Point-in-time
Preferred stock, dividend rate	`PreferredStockDividendRatePercentage`	0.05	pure	Annual
Preferred stock issued (in shares)	`PreferredStockSharesIssued`	1.40M	shares	Point-in-time
Preferred stock issued (in shares)	`PreferredStockSharesIssued`	1.40M	shares	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$311.70M	USD	Point-in-time
Preferred stock outstanding (in shares)	`PreferredStockSharesOutstanding`	1.40M	shares	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$219.50M	USD	Point-in-time
Preferred stock outstanding (in shares)	`PreferredStockSharesOutstanding`	1.40M	shares	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$103.10M	USD	Point-in-time
Common stock par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$102.30M	USD	Point-in-time
Raw materials	`InventoryRawMaterialsNetOfReserves`	$251.90M	USD	Point-in-time
Raw materials	`InventoryRawMaterialsNetOfReserves`	$266.70M	USD	Point-in-time
Common stock authorized (in shares)	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Common stock authorized (in shares)	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Common stock issued (in shares)	`CommonStockSharesIssued`	336.60M	shares	Point-in-time
Common stock issued (in shares)	`CommonStockSharesIssued`	335.10M	shares	Point-in-time
Total inventories	`InventoryNet`	$574.50M	USD	Point-in-time
Total inventories	`InventoryNet`	$680.70M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$193.20M	USD	Point-in-time
Common stock outstanding (in shares)	`CommonStockSharesOutstanding`	334.50M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$374.90M	USD	Point-in-time
Common stock outstanding (in shares)	`CommonStockSharesOutstanding`	335.70M	shares	Point-in-time
Current assets, discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$30.00M	USD	Point-in-time
Current assets, discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$17.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.17B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.47B	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $825.7 and $889.8 at September 27, 2019 and December 31, 2018, respectively	`PropertyPlantAndEquipmentNet`	$576.10M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $825.7 and $889.8 at September 27, 2019 and December 31, 2018, respectively	`PropertyPlantAndEquipmentNet`	$519.80M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$210.20M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$548.90M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$808.40M	USD	Point-in-time
Goodwill	`Goodwill`	$6.13B	USD	Point-in-time
Goodwill	`Goodwill`	$8.00B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.48B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.66B	USD	Point-in-time
Total assets	`Assets`	$16.66B	USD	Point-in-time
Total assets	`Assets`	$12.91B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.00B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$455.60M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$693.80M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$706.50M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$52.20M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$999.30M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$1.15B	USD	Point-in-time
Current liabilities, discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$30.70M	USD	Point-in-time
Current liabilities, discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$15.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.92B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.19B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$165.30M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.13B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.40B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.97B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$5.02B	USD	Point-in-time
Preferred stock: $0.01 par value, 15.0 million shares authorized; 5.0% Mandatory convertible preferred stock, series A, 1.4 million shares designated, issued and outstanding at September 27, 2019 and December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock: $0.01 par value, 15.0 million shares authorized; 5.0% Mandatory convertible preferred stock, series A, 1.4 million shares designated, issued and outstanding at September 27, 2019 and December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Common stock: $0.01 par value, 2.0 billion shares authorized; 336.6 and 335.1 million issued; 335.7 and 334.5 million outstanding at September 27, 2019 and December 31, 2018, respectively	`CommonStockValue`	$3.40M	USD	Point-in-time
Common stock: $0.01 par value, 2.0 billion shares authorized; 336.6 and 335.1 million issued; 335.7 and 334.5 million outstanding at September 27, 2019 and December 31, 2018, respectively	`CommonStockValue`	$3.40M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.13B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.29B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.98B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.55B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-86.60M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-119.60M	USD	Point-in-time
Total Fortive stockholders equity	`StockholdersEquity`	$6.60B	USD	Point-in-time
Total Fortive stockholders equity	`StockholdersEquity`	$7.15B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$17.40M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$11.90M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.16B	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.61B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$16.66B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$12.91B	USD	Point-in-time

Income Statement 96 line items

Line Item	Tag	Value	Unit	Period
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.86B	USD	1 Quarter
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$5.32B	USD	3 Qtrs
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.60B	USD	1 Quarter
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.70B	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$2.27B	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$2.67B	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$775.30M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$932.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$825.90M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.42B	USD	3 Qtrs
Gross profit	`GrossProfit`	$2.64B	USD	3 Qtrs
Gross profit	`GrossProfit`	$927.70M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$440.60M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$566.50M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.59B	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.23B	USD	3 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$345.50M	USD	3 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$305.50M	USD	3 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$103.70M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$119.10M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$281.60M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$883.90M	USD	3 Qtrs
Operating profit	`OperatingIncomeLoss`	$708.90M	USD	3 Qtrs
Operating profit	`OperatingIncomeLoss`	$242.10M	USD	1 Quarter
Gain from combination of business	`GainLossOnSaleOfBusiness`	-	USD	1 Quarter
Gain from combination of business	`GainLossOnSaleOfBusiness`	-	USD	3 Qtrs
Gain from combination of business	`GainLossOnSaleOfBusiness`	$41.20M	USD	1 Quarter
Gain from combination of business	`GainLossOnSaleOfBusiness`	$41.20M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$116.70M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$23.10M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$70.30M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$47.00M	USD	1 Quarter
Other non-operating expenses, net	`OtherNonoperatingIncomeExpense`	$-2.60M	USD	3 Qtrs
Other non-operating expenses, net	`OtherNonoperatingIncomeExpense`	$-1.60M	USD	3 Qtrs
Other non-operating expenses, net	`OtherNonoperatingIncomeExpense`	$-800.00K	USD	1 Quarter
Other non-operating expenses, net	`OtherNonoperatingIncomeExpense`	$-1.20M	USD	1 Quarter
Earnings from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$631.80M	USD	3 Qtrs
Earnings from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$811.00M	USD	3 Qtrs
Earnings from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$235.10M	USD	1 Quarter
Earnings from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$257.70M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$85.20M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$27.80M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$132.80M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$43.70M	USD	1 Quarter
Net earnings from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$546.60M	USD	3 Qtrs
Net earnings from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$678.20M	USD	3 Qtrs
Net earnings from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$207.30M	USD	1 Quarter
Net earnings from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$214.00M	USD	1 Quarter
Earnings from discontinued operations, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$31.30M	USD	1 Quarter
Earnings from discontinued operations, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-200.00K	USD	1 Quarter
Earnings from discontinued operations, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$123.30M	USD	3 Qtrs
Earnings from discontinued operations, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-500.00K	USD	3 Qtrs
Net earnings	`ProfitLoss`	$245.30M	USD	1 Quarter
Net earnings	`ProfitLoss`	$207.10M	USD	1 Quarter
Net earnings	`ProfitLoss`	$801.50M	USD	3 Qtrs
Net earnings	`ProfitLoss`	$546.10M	USD	3 Qtrs
Mandatory convertible preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	$51.80M	USD	3 Qtrs
Mandatory convertible preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	$17.30M	USD	1 Quarter
Mandatory convertible preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	$17.60M	USD	3 Qtrs
Mandatory convertible preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	$17.40M	USD	1 Quarter
Net earnings attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$783.90M	USD	3 Qtrs
Net earnings attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$189.80M	USD	1 Quarter
Net earnings attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$494.30M	USD	3 Qtrs
Net earnings attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$227.90M	USD	1 Quarter
Net earnings per common share from continuing operations - basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.56	USD	1 Quarter
Net earnings per common share from continuing operations - basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.47	USD	3 Qtrs
Net earnings per common share from continuing operations - basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.89	USD	3 Qtrs
Net earnings per common share from continuing operations - basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.57	USD	1 Quarter
Net earnings per common share from continuing operations - diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.56	USD	1 Quarter
Net earnings per common share from continuing operations - diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.86	USD	3 Qtrs
Net earnings per common share from continuing operations - diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.46	USD	3 Qtrs
Net earnings per common share from continuing operations - diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.55	USD	1 Quarter
Net earnings per share from discontinued operations - basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	3 Qtrs
Net earnings per share from discontinued operations - basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.35	USD	3 Qtrs
Net earnings per share from discontinued operations - basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.09	USD	1 Quarter
Net earnings per share from discontinued operations - basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Net earnings per share from discontinued operations - diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Net earnings per share from discontinued operations - diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.09	USD	1 Quarter
Net earnings per share from discontinued operations - diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.35	USD	3 Qtrs
Net earnings per share from discontinued operations - diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	3 Qtrs
Net earnings per share - Basic (in dollars per share)	`EarningsPerShareBasic`	$0.65	USD	1 Quarter
Net earnings per share - Basic (in dollars per share)	`EarningsPerShareBasic`	$0.56	USD	1 Quarter
Net earnings per share - Basic (in dollars per share)	`EarningsPerShareBasic`	$1.47	USD	3 Qtrs
Net earnings per share - Basic (in dollars per share)	`EarningsPerShareBasic`	$2.24	USD	3 Qtrs
Net earnings per share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.46	USD	3 Qtrs
Net earnings per share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.21	USD	3 Qtrs
Net earnings per share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.64	USD	1 Quarter
Net earnings per share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.56	USD	1 Quarter
Weighted average common shares outstanding used in basic earnings per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	335.60M	shares	3 Qtrs
Weighted average common shares outstanding used in basic earnings per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	349.90M	shares	1 Quarter
Weighted average common shares outstanding used in basic earnings per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	336.10M	shares	1 Quarter
Weighted average common shares outstanding used in basic earnings per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	349.20M	shares	3 Qtrs
Weighted average common shares outstanding used in diluted earnings per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	339.70M	shares	3 Qtrs
Weighted average common shares outstanding used in diluted earnings per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	355.30M	shares	1 Quarter
Weighted average common shares outstanding used in diluted earnings per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	339.90M	shares	1 Quarter
Weighted average common shares outstanding used in diluted earnings per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	354.80M	shares	3 Qtrs

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Payments of stock issuance costs	`PaymentsOfStockIssuanceCosts`	$43.00M	USD	3 Qtrs
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$24.30M	USD	3 Qtrs
Net earnings from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$546.60M	USD	3 Qtrs
Net earnings from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$678.20M	USD	3 Qtrs
Net earnings from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$207.30M	USD	1 Quarter
Net earnings from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$214.00M	USD	1 Quarter
Depreciation	`Depreciation`	$97.70M	USD	3 Qtrs
Depreciation	`Depreciation`	$91.20M	USD	3 Qtrs
Amortization	`AdjustmentForAmortization`	$81.30M	USD	3 Qtrs
Amortization	`AdjustmentForAmortization`	$211.40M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$37.40M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$45.50M	USD	3 Qtrs
Gain from combination of business	`GainLossOnSaleOfBusiness`	-	USD	1 Quarter
Gain from combination of business	`GainLossOnSaleOfBusiness`	-	USD	3 Qtrs
Gain from combination of business	`GainLossOnSaleOfBusiness`	$41.20M	USD	1 Quarter
Gain from combination of business	`GainLossOnSaleOfBusiness`	$41.20M	USD	3 Qtrs
Change in trade accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$133.50M	USD	3 Qtrs
Change in trade accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$71.80M	USD	3 Qtrs
Change in inventories	`IncreaseDecreaseInInventories`	$73.40M	USD	3 Qtrs
Change in inventories	`IncreaseDecreaseInInventories`	$-69.40M	USD	3 Qtrs
Change in trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.90M	USD	3 Qtrs
Change in trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$27.60M	USD	3 Qtrs
Change in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$29.20M	USD	3 Qtrs
Change in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$115.10M	USD	3 Qtrs
Change in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$37.60M	USD	3 Qtrs
Change in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$127.50M	USD	3 Qtrs
Total operating cash provided by continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$800.40M	USD	3 Qtrs
Total operating cash provided by continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$778.90M	USD	3 Qtrs
Total operating cash provided by (used in) discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$120.70M	USD	3 Qtrs
Total operating cash provided by (used in) discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-4.40M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$899.60M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$796.00M	USD	3 Qtrs
Cash paid for acquisitions, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$3.39B	USD	3 Qtrs
Cash paid for acquisitions, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$2.83B	USD	3 Qtrs
Payments for additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$79.60M	USD	3 Qtrs
Payments for additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$76.80M	USD	3 Qtrs
All other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	3 Qtrs
All other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-4.00M	USD	3 Qtrs
Total investing cash used in continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.90B	USD	3 Qtrs
Total investing cash used in continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.47B	USD	3 Qtrs
Total investing cash used in discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	-	USD	3 Qtrs
Total investing cash used in discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$-16.80M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.91B	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.47B	USD	3 Qtrs
Net proceeds from (repayments of) commercial paper borrowings	`ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess`	$-64.30M	USD	3 Qtrs
Net proceeds from (repayments of) commercial paper borrowings	`ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess`	$695.50M	USD	3 Qtrs
Proceeds from borrowings (maturities longer than 90 days), net of issuance costs of $24.3 million for the nine months ended September 27, 2019	`ProceedsFromDebtMaturingInMoreThanThreeMonths`	$2.41B	USD	3 Qtrs
Proceeds from borrowings (maturities longer than 90 days), net of issuance costs of $24.3 million for the nine months ended September 27, 2019	`ProceedsFromDebtMaturingInMoreThanThreeMonths`	$1.75B	USD	3 Qtrs
Proceeds from issuance of mandatory convertible preferred stock net of $43.0 million of issuance costs	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	3 Qtrs
Proceeds from issuance of mandatory convertible preferred stock net of $43.0 million of issuance costs	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$1.34B	USD	3 Qtrs
Repayment of borrowings (maturities greater than 90 days)	`RepaymentsOfDebtMaturingInMoreThanThreeMonths`	$725.00M	USD	3 Qtrs
Repayment of borrowings (maturities greater than 90 days)	`RepaymentsOfDebtMaturingInMoreThanThreeMonths`	$455.30M	USD	3 Qtrs
Payment of common stock cash dividend to shareholders	`PaymentsOfDividends`	$73.20M	USD	3 Qtrs
Payment of common stock cash dividend to shareholders	`PaymentsOfDividends`	$70.30M	USD	3 Qtrs
Payment of mandatory convertible preferred stock cash dividend to shareholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$34.50M	USD	3 Qtrs
Payment of mandatory convertible preferred stock cash dividend to shareholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$17.60M	USD	3 Qtrs
All other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$27.20M	USD	3 Qtrs
All other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$16.40M	USD	3 Qtrs
Total financing cash provided by continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$2.56B	USD	3 Qtrs
Total financing cash provided by continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$2.23B	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.56B	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.23B	USD	3 Qtrs
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-36.30M	USD	3 Qtrs
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-11.60M	USD	3 Qtrs
Net change in cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-117.90M	USD	3 Qtrs
Net change in cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$183.00M	USD	3 Qtrs
Beginning balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.15B	USD	Point-in-time
Beginning balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.18B	USD	Point-in-time
Beginning balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.06B	USD	Point-in-time
Beginning balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$962.10M	USD	Point-in-time
Ending balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.15B	USD	Point-in-time
Ending balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.18B	USD	Point-in-time
Ending balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.06B	USD	Point-in-time
Ending balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$962.10M	USD	Point-in-time

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.16B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.61B	USD	Point-in-time
Net earnings for the period	`ProfitLoss`	$245.30M	USD	1 Quarter
Net earnings for the period	`ProfitLoss`	$207.10M	USD	1 Quarter
Net earnings for the period	`ProfitLoss`	$801.50M	USD	3 Qtrs
Net earnings for the period	`ProfitLoss`	$546.10M	USD	3 Qtrs
Dividends to common shareholders	`DividendsCommonStockCash`	$73.20M	USD	3 Qtrs
Dividends to common shareholders	`DividendsCommonStockCash`	$23.40M	USD	1 Quarter
Dividends to common shareholders	`DividendsCommonStockCash`	$24.50M	USD	1 Quarter
Dividends to common shareholders	`DividendsCommonStockCash`	$70.30M	USD	3 Qtrs
Dividends to common shareholders	`DividendsCommonStockCash`	$23.40M	USD	1 Quarter
Dividends to common shareholders	`DividendsCommonStockCash`	$24.40M	USD	1 Quarter
Dividends to common shareholders	`DividendsCommonStockCash`	$23.50M	USD	1 Quarter
Dividends to common shareholders	`DividendsCommonStockCash`	$24.30M	USD	1 Quarter
Mandatory convertible preferred stock cumulative dividends	`DividendsPreferredStockCash`	-	USD	1 Quarter
Mandatory convertible preferred stock cumulative dividends	`DividendsPreferredStockCash`	$17.30M	USD	1 Quarter
Mandatory convertible preferred stock cumulative dividends	`DividendsPreferredStockCash`	$17.20M	USD	1 Quarter
Mandatory convertible preferred stock cumulative dividends	`DividendsPreferredStockCash`	$17.60M	USD	1 Quarter
Mandatory convertible preferred stock cumulative dividends	`DividendsPreferredStockCash`	$17.60M	USD	3 Qtrs
Mandatory convertible preferred stock cumulative dividends	`DividendsPreferredStockCash`	$17.30M	USD	1 Quarter
Mandatory convertible preferred stock cumulative dividends	`DividendsPreferredStockCash`	$51.80M	USD	3 Qtrs
Mandatory convertible preferred stock cumulative dividends	`DividendsPreferredStockCash`	-	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-85.20M	USD	3 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-33.00M	USD	3 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-23.20M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-52.00M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.16B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.61B	USD	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`ProfitLoss`	$245.30M	USD	1 Quarter
Net earnings	`ProfitLoss`	$207.10M	USD	1 Quarter
Net earnings	`ProfitLoss`	$801.50M	USD	3 Qtrs
Net earnings	`ProfitLoss`	$546.10M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-23.90M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-87.30M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-52.50M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-34.50M	USD	3 Qtrs
Pension adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-1.50M	USD	3 Qtrs
Pension adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-2.10M	USD	3 Qtrs
Pension adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-500.00K	USD	1 Quarter
Pension adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-700.00K	USD	1 Quarter
Total other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-85.20M	USD	3 Qtrs
Total other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-33.00M	USD	3 Qtrs
Total other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-23.20M	USD	1 Quarter
Total other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-52.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$155.10M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$716.30M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$222.10M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$513.10M	USD	3 Qtrs

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