10-Q Filing

FORTIVE CORP CIK: 1659166 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001659166-21-000199`
Period End Date	20210630
Filing Date	20210729
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	ftv-20210702_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 91 Income Statement 104 Cash Flow Statement 80 Stockholders Equity 24 Comprehensive Income 20

Balance Sheet 91 line items

Line Item	Tag	Value	Unit	Period
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$674.50M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$696.20M	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
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.57B	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.82B	USD	Point-in-time
Preferred stock, dividend rate	`PreferredStockDividendRatePercentage`	0.05	pure	Point-in-time
Preferred stock, dividend rate	`PreferredStockDividendRatePercentage`	0.05	pure	Annual
Preferred stock, dividend rate	`PreferredStockDividendRatePercentage`	0.05	pure	2 Qtrs
Accounts receivable, net	`AccountsReceivableNetCurrent`	$810.30M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$817.90M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	1.40M	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	1.40M	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$227.90M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$235.50M	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$75.20M	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`	$80.20M	USD	Point-in-time
Raw materials	`InventoryRawMaterialsNetOfReserves`	$152.40M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Raw materials	`InventoryRawMaterialsNetOfReserves`	$172.30M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	359.70M	shares	Point-in-time
Inventories	`InventoryNet`	$488.00M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	339.00M	shares	Point-in-time
Inventories	`InventoryNet`	$455.50M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$206.70M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	337.90M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	358.40M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$214.70M	USD	Point-in-time
Investment in Vontier Corporation	`EquitySecuritiesFvNi`	-	USD	Point-in-time
Investment in Vontier Corporation	`EquitySecuritiesFvNi`	$1.12B	USD	Point-in-time
Current assets, discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$30.40M	USD	Point-in-time
Current assets, discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.09B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.45B	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $696.2 and $674.5 at July 2, 2021 and December 31, 2020, respectively	`PropertyPlantAndEquipmentNet`	$422.00M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $696.2 and $674.5 at July 2, 2021 and December 31, 2020, respectively	`PropertyPlantAndEquipmentNet`	$400.00M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$180.10M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$188.70M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$348.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$344.10M	USD	Point-in-time
Goodwill	`Goodwill`	$7.35B	USD	Point-in-time
Goodwill	`Goodwill`	$7.36B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.29B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.13B	USD	Point-in-time
Total assets	`Assets`	$16.05B	USD	Point-in-time
Total assets	`Assets`	$14.50B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.40B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.13B	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$489.40M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$480.80M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$44.20M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$47.00M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$899.90M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$900.00M	USD	Point-in-time
Current liabilities, discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$1.50M	USD	Point-in-time
Current liabilities, discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$33.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.57B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.86B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$154.30M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$145.70M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.13B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.23B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.44B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.83B	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock: $0.01 par value, 15.0 million shares authorized at July 2, 2021 and December 31, 2020; 5.0% Mandatory convertible preferred stock, series A, 0.0 million and 1.4 million shares designated, issued and outstanding at July 2, 2021 and December 31, 2020, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock: $0.01 par value, 15.0 million shares authorized at July 2, 2021 and December 31, 2020; 5.0% Mandatory convertible preferred stock, series A, 0.0 million and 1.4 million shares designated, issued and outstanding at July 2, 2021 and December 31, 2020, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock: $0.01 par value, 2.0 billion shares authorized; 359.7 and 339.0 million issued; 358.4 and 337.9 million outstanding at July 2, 2021 and December 31, 2020, respectively	`CommonStockValue`	$3.60M	USD	Point-in-time
Common stock: $0.01 par value, 2.0 billion shares authorized; 359.7 and 339.0 million issued; 358.4 and 337.9 million outstanding at July 2, 2021 and December 31, 2020, respectively	`CommonStockValue`	$3.40M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.55B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.60B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.76B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.55B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-157.30M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-141.10M	USD	Point-in-time
Total Fortive stockholders equity	`StockholdersEquity`	$9.21B	USD	Point-in-time
Total Fortive stockholders equity	`StockholdersEquity`	$8.96B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$8.50M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$4.70M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.21B	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.97B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$14.50B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$16.05B	USD	Point-in-time

Income Statement 104 line items

Line Item	Tag	Value	Unit	Period
Total sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.04B	USD	1 Quarter
Total sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.15B	USD	2 Qtrs
Total sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.58B	USD	2 Qtrs
Total sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.32B	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$954.90M	USD	2 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$564.20M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$1.11B	USD	2 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$458.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.19B	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.47B	USD	2 Qtrs
Gross profit	`GrossProfit`	$755.50M	USD	1 Quarter
Gross profit	`GrossProfit`	$582.80M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$818.60M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$456.40M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$402.80M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$884.50M	USD	2 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$158.20M	USD	2 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$77.40M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$174.00M	USD	2 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$87.80M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$408.90M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$211.30M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$218.00M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$102.60M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$36.20M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$25.20M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$74.80M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$52.90M	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-104.90M	USD	2 Qtrs
Gain on investment in Vontier Corporation	`EquitySecuritiesFvNiRealizedGain`	-	USD	2 Qtrs
Gain on investment in Vontier Corporation	`EquitySecuritiesFvNiRealizedGain`	$57.00M	USD	2 Qtrs
Gain on investment in Vontier Corporation	`EquitySecuritiesFvNiRealizedGain`	-	USD	1 Quarter
Gain on investment in Vontier Corporation	`EquitySecuritiesFvNiRealizedGain`	-	USD	1 Quarter
Gain on litigation dismissal	`GainLossRelatedToLitigationSettlement`	$26.00M	USD	1 Quarter
Gain on litigation dismissal	`GainLossRelatedToLitigationSettlement`	$26.00M	USD	2 Qtrs
Gain on litigation dismissal	`GainLossRelatedToLitigationSettlement`	-	USD	1 Quarter
Gain on litigation dismissal	`GainLossRelatedToLitigationSettlement`	-	USD	2 Qtrs
Other non-operating expense, net	`OtherNonoperatingIncomeExpense`	$5.60M	USD	1 Quarter
Other non-operating expense, net	`OtherNonoperatingIncomeExpense`	$-4.60M	USD	1 Quarter
Other non-operating expense, net	`OtherNonoperatingIncomeExpense`	$1.10M	USD	2 Qtrs
Other non-operating expense, net	`OtherNonoperatingIncomeExpense`	$-7.90M	USD	2 Qtrs
Earnings from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$72.00M	USD	1 Quarter
Earnings from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$207.50M	USD	1 Quarter
Earnings from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$326.20M	USD	2 Qtrs
Earnings from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$144.30M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$12.20M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$29.70M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$25.50M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$32.50M	USD	2 Qtrs
Net earnings from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$182.00M	USD	1 Quarter
Net earnings from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$59.80M	USD	1 Quarter
Net earnings from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$293.70M	USD	2 Qtrs
Net earnings from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$114.60M	USD	2 Qtrs
Earnings (loss) from discontinued operations, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$57.30M	USD	2 Qtrs
Earnings (loss) from discontinued operations, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-1.10M	USD	1 Quarter
Earnings (loss) from discontinued operations, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$70.20M	USD	1 Quarter
Earnings (loss) from discontinued operations, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-2.60M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$291.10M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$130.00M	USD	1 Quarter
Net earnings	`ProfitLoss`	$171.90M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$180.90M	USD	1 Quarter
Mandatory convertible preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	$34.50M	USD	2 Qtrs
Mandatory convertible preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	$17.20M	USD	1 Quarter
Mandatory convertible preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	$17.20M	USD	1 Quarter
Mandatory convertible preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	$34.50M	USD	2 Qtrs
Net earnings attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$137.40M	USD	2 Qtrs
Net earnings attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$112.80M	USD	1 Quarter
Net earnings attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$163.70M	USD	1 Quarter
Net earnings attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$256.60M	USD	2 Qtrs
Net earnings per common share from continuing operations - Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.49	USD	1 Quarter
Net earnings per common share from continuing operations - Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.24	USD	2 Qtrs
Net earnings per common share from continuing operations - Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.76	USD	2 Qtrs
Net earnings per common share from continuing operations - Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.13	USD	1 Quarter
Net earnings per common share from continuing operations - Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.48	USD	1 Quarter
Net earnings per common share from continuing operations - Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.13	USD	1 Quarter
Net earnings per common share from continuing operations - Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.76	USD	2 Qtrs
Net earnings per common share from continuing operations - Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.24	USD	2 Qtrs
Net earnings (loss) per share from discontinued operations - Basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.17	USD	2 Qtrs
Net earnings (loss) per share from discontinued operations - Basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.01	USD	2 Qtrs
Net earnings (loss) per share from discontinued operations - Basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Net earnings (loss) per share from discontinued operations - Basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.21	USD	1 Quarter
Net earnings (loss) per share from discontinued operations - Diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.01	USD	2 Qtrs
Net earnings (loss) per share from discontinued operations - Diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Net earnings (loss) per share from discontinued operations - Diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.17	USD	2 Qtrs
Net earnings (loss) per share from discontinued operations - Diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.21	USD	1 Quarter
Net earnings per share - Basic (in dollars per share)	`EarningsPerShareBasic`	$0.33	USD	1 Quarter
Net earnings per share - Basic (in dollars per share)	`EarningsPerShareBasic`	$0.48	USD	1 Quarter
Net earnings per share - Basic (in dollars per share)	`EarningsPerShareBasic`	$0.41	USD	2 Qtrs
Net earnings per share - Basic (in dollars per share)	`EarningsPerShareBasic`	$0.76	USD	2 Qtrs
Net earnings per share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.33	USD	1 Quarter
Net earnings per share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.40	USD	2 Qtrs
Net earnings per share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.48	USD	1 Quarter
Net earnings per share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.75	USD	2 Qtrs
Average common stock and common equivalent shares outstanding - Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	339.40M	shares	1 Quarter
Average common stock and common equivalent shares outstanding - Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	337.30M	shares	1 Quarter
Average common stock and common equivalent shares outstanding - Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	337.10M	shares	2 Qtrs
Average common stock and common equivalent shares outstanding - Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	339.00M	shares	2 Qtrs
Average common stock and common equivalent shares outstanding - Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	342.10M	shares	2 Qtrs
Average common stock and common equivalent shares outstanding - Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	339.90M	shares	2 Qtrs
Average common stock and common equivalent shares outstanding - Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	342.40M	shares	1 Quarter
Average common stock and common equivalent shares outstanding - Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	339.70M	shares	1 Quarter

Cash Flow Statement 80 line items

Line Item	Tag	Value	Unit	Period
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.00M	USD	2 Qtrs
Net earnings from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$182.00M	USD	1 Quarter
Net earnings from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$59.80M	USD	1 Quarter
Net earnings from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$293.70M	USD	2 Qtrs
Net earnings from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$114.60M	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$155.60M	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$155.00M	USD	2 Qtrs
Depreciation	`Depreciation`	$42.30M	USD	2 Qtrs
Depreciation	`Depreciation`	$37.70M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$36.80M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$29.70M	USD	2 Qtrs
Loss on extinguishment of debt	`GainLossOnExtinguishmentOfDebtNoncash`	-	USD	2 Qtrs
Loss on extinguishment of debt	`GainLossOnExtinguishmentOfDebtNoncash`	$-104.20M	USD	2 Qtrs
Gain on investment in Vontier Corporation	`EquitySecuritiesFvNiRealizedGain`	-	USD	2 Qtrs
Gain on investment in Vontier Corporation	`EquitySecuritiesFvNiRealizedGain`	$57.00M	USD	2 Qtrs
Gain on investment in Vontier Corporation	`EquitySecuritiesFvNiRealizedGain`	-	USD	1 Quarter
Gain on investment in Vontier Corporation	`EquitySecuritiesFvNiRealizedGain`	-	USD	1 Quarter
Gain on litigation dismissal	`GainLossRelatedToLitigationSettlement`	$26.00M	USD	1 Quarter
Gain on litigation dismissal	`GainLossRelatedToLitigationSettlement`	$26.00M	USD	2 Qtrs
Gain on litigation dismissal	`GainLossRelatedToLitigationSettlement`	-	USD	1 Quarter
Gain on litigation dismissal	`GainLossRelatedToLitigationSettlement`	-	USD	2 Qtrs
Change in trade accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$11.80M	USD	2 Qtrs
Change in trade accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-133.40M	USD	2 Qtrs
Change in inventories	`IncreaseDecreaseInInventories`	$26.00M	USD	2 Qtrs
Change in inventories	`IncreaseDecreaseInInventories`	$24.00M	USD	2 Qtrs
Change in trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$9.10M	USD	2 Qtrs
Change in trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.40M	USD	2 Qtrs
Change in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$21.40M	USD	2 Qtrs
Change in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-30.50M	USD	2 Qtrs
Change in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-53.30M	USD	2 Qtrs
Change in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-52.70M	USD	2 Qtrs
Total operating cash provided by continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$443.00M	USD	2 Qtrs
Total operating cash provided by continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$430.80M	USD	2 Qtrs
Total operating cash provided by (used in) discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-18.70M	USD	2 Qtrs
Total operating cash provided by (used in) discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$239.50M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$424.30M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$670.30M	USD	2 Qtrs
Payments for additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$17.10M	USD	2 Qtrs
Payments for additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$45.50M	USD	2 Qtrs
Cash paid for acquisitions, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.80M	USD	2 Qtrs
Cash paid for acquisitions, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-900.00K	USD	2 Qtrs
All other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.10M	USD	2 Qtrs
All other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-5.20M	USD	2 Qtrs
Total investing cash used in continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-42.10M	USD	2 Qtrs
Total investing cash used in continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-15.10M	USD	2 Qtrs
Total investing cash used in discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	-	USD	2 Qtrs
Total investing cash used in discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$-23.20M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-65.30M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.10M	USD	2 Qtrs
Net repayments of commercial paper borrowings	`RepaymentsOfCommercialPaper`	-	USD	2 Qtrs
Net repayments of commercial paper borrowings	`RepaymentsOfCommercialPaper`	$1.14B	USD	2 Qtrs
Proceeds from borrowings (maturities longer than 90 days), net of issuance costs of $1 million in 2020	`ProceedsFromDebtMaturingInMoreThanThreeMonths`	-	USD	2 Qtrs
Proceeds from borrowings (maturities longer than 90 days), net of issuance costs of $1 million in 2020	`ProceedsFromDebtMaturingInMoreThanThreeMonths`	$741.70M	USD	2 Qtrs
Repayment of borrowings (maturities greater than 90 days)	`RepaymentsOfDebtMaturingInMoreThanThreeMonths`	$611.10M	USD	2 Qtrs
Repayment of borrowings (maturities greater than 90 days)	`RepaymentsOfDebtMaturingInMoreThanThreeMonths`	$250.00M	USD	2 Qtrs
Payment of common stock cash dividend to shareholders	`PaymentsOfDividendsCommonStock`	$47.40M	USD	2 Qtrs
Payment of common stock cash dividend to shareholders	`PaymentsOfDividendsCommonStock`	$47.10M	USD	2 Qtrs
Payment of mandatory convertible preferred stock cash dividend to shareholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$17.20M	USD	Point-in-time
Payment of mandatory convertible preferred stock cash dividend to shareholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$17.30M	USD	2 Qtrs
Payment of mandatory convertible preferred stock cash dividend to shareholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$34.50M	USD	2 Qtrs
All other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-10.00M	USD	2 Qtrs
All other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$25.20M	USD	2 Qtrs
Total financing cash used in continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-667.80M	USD	2 Qtrs
Total financing cash used in continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-724.60M	USD	2 Qtrs
Total financing cash used in discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$-3.90M	USD	2 Qtrs
Total financing cash used in discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	-	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-667.80M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-728.50M	USD	2 Qtrs
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-400.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-18.70M	USD	2 Qtrs
Net change in cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-259.00M	USD	2 Qtrs
Net change in cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-142.20M	USD	2 Qtrs
Beginning balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.57B	USD	Point-in-time
Beginning balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.21B	USD	Point-in-time
Beginning balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.06B	USD	Point-in-time
Beginning balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.82B	USD	Point-in-time
Ending balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.57B	USD	Point-in-time
Ending balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.21B	USD	Point-in-time
Ending balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.06B	USD	Point-in-time
Ending balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.82B	USD	Point-in-time

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.21B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.97B	USD	Point-in-time
Net earnings for the period	`ProfitLoss`	$291.10M	USD	2 Qtrs
Net earnings for the period	`ProfitLoss`	$130.00M	USD	1 Quarter
Net earnings for the period	`ProfitLoss`	$171.90M	USD	2 Qtrs
Net earnings for the period	`ProfitLoss`	$180.90M	USD	1 Quarter
Dividends to common shareholders	`DividendsCommonStockCash`	$23.60M	USD	1 Quarter
Dividends to common shareholders	`DividendsCommonStockCash`	$23.70M	USD	1 Quarter
Dividends to common shareholders	`DividendsCommonStockCash`	$23.50M	USD	1 Quarter
Dividends to common shareholders	`DividendsCommonStockCash`	$47.40M	USD	2 Qtrs
Dividends to common shareholders	`DividendsCommonStockCash`	$47.10M	USD	2 Qtrs
Dividends to common shareholders	`DividendsCommonStockCash`	$23.70M	USD	1 Quarter
Mandatory convertible preferred stock cumulative dividends	`DividendsPreferredStockCash`	$17.20M	USD	1 Quarter
Mandatory convertible preferred stock cumulative dividends	`DividendsPreferredStockCash`	$17.20M	USD	1 Quarter
Mandatory convertible preferred stock cumulative dividends	`DividendsPreferredStockCash`	$17.30M	USD	1 Quarter
Mandatory convertible preferred stock cumulative dividends	`DividendsPreferredStockCash`	$34.50M	USD	2 Qtrs
Mandatory convertible preferred stock cumulative dividends	`DividendsPreferredStockCash`	$17.30M	USD	1 Quarter
Mandatory convertible preferred stock cumulative dividends	`DividendsPreferredStockCash`	$34.50M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-16.20M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$37.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-100.30M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$17.50M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.21B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.97B	USD	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`ProfitLoss`	$291.10M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$130.00M	USD	1 Quarter
Net earnings	`ProfitLoss`	$171.90M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$180.90M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-18.10M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$16.60M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$36.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-100.30M	USD	2 Qtrs
Pension adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-1.90M	USD	2 Qtrs
Pension adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	-	USD	2 Qtrs
Pension adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-1.00M	USD	1 Quarter
Pension adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-900.00K	USD	1 Quarter
Total other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-16.20M	USD	2 Qtrs
Total other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$37.00M	USD	1 Quarter
Total other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-100.30M	USD	2 Qtrs
Total other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$17.50M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$198.40M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$71.60M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$167.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$274.90M	USD	2 Qtrs

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