10-Q Filing

FORTIVE CORP CIK: 1659166 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001659166-21-000235`
Period End Date	20210930
Filing Date	20211028
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	ftv-20211001_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 93 Income Statement 104 Cash Flow Statement 80 Stockholders Equity 28 Comprehensive Income 20

Balance Sheet 93 line items

Line Item	Tag	Value	Unit	Period
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$674.50M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$701.10M	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`	$1.82B	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$838.40M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$830.40M	USD	Point-in-time
Preferred stock, dividend rate	`PreferredStockDividendRatePercentage`	0.05	pure	Annual
Accounts receivable, net	`AccountsReceivableNetCurrent`	$810.30M	USD	Point-in-time
Preferred stock, dividend rate	`PreferredStockDividendRatePercentage`	0.05	pure	3 Qtrs
Preferred stock, dividend rate	`PreferredStockDividendRatePercentage`	0.05	pure	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	1.40M	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	1.40M	shares	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$231.10M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$227.90M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$87.90M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$75.20M	USD	Point-in-time
Raw materials	`InventoryRawMaterialsNetOfReserves`	$152.40M	USD	Point-in-time
Raw materials	`InventoryRawMaterialsNetOfReserves`	$187.80M	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
Inventories	`InventoryNet`	$455.50M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	359.90M	shares	Point-in-time
Inventories	`InventoryNet`	$506.80M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	339.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$249.70M	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`	358.60M	shares	Point-in-time
Investment in Vontier Corporation	`EquitySecuritiesFvNi`	$1.12B	USD	Point-in-time
Investment in Vontier Corporation	`EquitySecuritiesFvNi`	-	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`	$2.43B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.45B	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $701.1 and $674.5 at October 1, 2021 and December 31, 2020, respectively	`PropertyPlantAndEquipmentNet`	$422.00M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $701.1 and $674.5 at October 1, 2021 and December 31, 2020, respectively	`PropertyPlantAndEquipmentNet`	$395.00M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$188.70M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$180.30M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$344.10M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$361.90M	USD	Point-in-time
Goodwill	`Goodwill`	$8.22B	USD	Point-in-time
Goodwill	`Goodwill`	$7.36B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.39B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.29B	USD	Point-in-time
Total assets	`Assets`	$14.98B	USD	Point-in-time
Total assets	`Assets`	$16.05B	USD	Point-in-time
Commercial paper	`CommercialPaper`	-	USD	Point-in-time
Commercial paper	`CommercialPaper`	$215.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.14B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.40B	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$480.80M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$494.90M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$45.40M	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`	$969.20M	USD	Point-in-time
Current liabilities, discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$33.30M	USD	Point-in-time
Current liabilities, discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$1.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.87B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.86B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$144.30M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$154.30M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.23B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.20B	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 October 1, 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 October 1, 2021 and December 31, 2020, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock: $0.01 par value, 15.0 million shares authorized at October 1, 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 October 1, 2021 and December 31, 2020, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock: $0.01 par value, 2.0 billion shares authorized; 359.9 and 339.0 million issued; 358.6 and 337.9 million outstanding at October 1, 2021 and December 31, 2020, respectively	`CommonStockValue`	$3.60M	USD	Point-in-time
Common stock: $0.01 par value, 2.0 billion shares authorized; 359.9 and 339.0 million issued; 358.6 and 337.9 million outstanding at October 1, 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`	$3.62B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.55B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.88B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-192.10M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-141.10M	USD	Point-in-time
Total Fortive stockholders equity	`StockholdersEquity`	$8.96B	USD	Point-in-time
Total Fortive stockholders equity	`StockholdersEquity`	$9.32B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$8.50M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$4.80M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.32B	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.97B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$14.98B	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`	$1.30B	USD	1 Quarter
Total sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.88B	USD	3 Qtrs
Total sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.16B	USD	1 Quarter
Total sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.31B	USD	3 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$1.46B	USD	3 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$508.20M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$1.67B	USD	3 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$555.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.85B	USD	3 Qtrs
Gross profit	`GrossProfit`	$744.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.21B	USD	3 Qtrs
Gross profit	`GrossProfit`	$651.60M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$434.80M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$455.60M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.34B	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.25B	USD	3 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$87.80M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$237.40M	USD	3 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$79.20M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$261.80M	USD	3 Qtrs
Operating profit	`OperatingIncomeLoss`	$609.70M	USD	3 Qtrs
Operating profit	`OperatingIncomeLoss`	$200.80M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$355.60M	USD	3 Qtrs
Operating profit	`OperatingIncomeLoss`	$137.60M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$78.00M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$111.70M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$25.10M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$36.90M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-104.90M	USD	3 Qtrs
Gain on investment in Vontier Corporation	`EquitySecuritiesFvNiRealizedGain`	-	USD	1 Quarter
Gain on investment in Vontier Corporation	`EquitySecuritiesFvNiRealizedGain`	-	USD	1 Quarter
Gain on investment in Vontier Corporation	`EquitySecuritiesFvNiRealizedGain`	$57.00M	USD	3 Qtrs
Gain on investment in Vontier Corporation	`EquitySecuritiesFvNiRealizedGain`	-	USD	3 Qtrs
Gain on litigation dismissal	`GainLossRelatedToLitigationSettlement`	$26.00M	USD	3 Qtrs
Gain on litigation dismissal	`GainLossRelatedToLitigationSettlement`	-	USD	1 Quarter
Gain on litigation dismissal	`GainLossRelatedToLitigationSettlement`	-	USD	3 Qtrs
Gain on litigation dismissal	`GainLossRelatedToLitigationSettlement`	-	USD	1 Quarter
Other non-operating expense, net	`OtherNonoperatingIncomeExpense`	$-1.40M	USD	1 Quarter
Other non-operating expense, net	`OtherNonoperatingIncomeExpense`	$-9.50M	USD	3 Qtrs
Other non-operating expense, net	`OtherNonoperatingIncomeExpense`	$-1.60M	USD	1 Quarter
Other non-operating expense, net	`OtherNonoperatingIncomeExpense`	$-300.00K	USD	3 Qtrs
Earnings from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$243.60M	USD	3 Qtrs
Earnings from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$99.30M	USD	1 Quarter
Earnings from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$500.30M	USD	3 Qtrs
Earnings from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$174.10M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$55.50M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$23.00M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$13.30M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$43.00M	USD	3 Qtrs
Net earnings from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$151.10M	USD	1 Quarter
Net earnings from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$86.00M	USD	1 Quarter
Net earnings from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$200.60M	USD	3 Qtrs
Net earnings from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$444.80M	USD	3 Qtrs
Earnings (loss) from discontinued operations, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-300.00K	USD	1 Quarter
Earnings (loss) from discontinued operations, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-2.90M	USD	3 Qtrs
Earnings (loss) from discontinued operations, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$197.10M	USD	3 Qtrs
Earnings (loss) from discontinued operations, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$139.80M	USD	1 Quarter
Net earnings	`ProfitLoss`	$150.80M	USD	1 Quarter
Net earnings	`ProfitLoss`	$225.80M	USD	1 Quarter
Net earnings	`ProfitLoss`	$441.90M	USD	3 Qtrs
Net earnings	`ProfitLoss`	$397.70M	USD	3 Qtrs
Mandatory convertible preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	-	USD	1 Quarter
Mandatory convertible preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	$51.80M	USD	3 Qtrs
Mandatory convertible preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	$34.50M	USD	3 Qtrs
Mandatory convertible preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	$17.30M	USD	1 Quarter
Net earnings attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$150.80M	USD	1 Quarter
Net earnings attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$208.50M	USD	1 Quarter
Net earnings attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$345.90M	USD	3 Qtrs
Net earnings attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$407.40M	USD	3 Qtrs
Net earnings per common share from continuing operations - Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.19	USD	3 Qtrs
Net earnings per common share from continuing operations - Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.42	USD	1 Quarter
Net earnings per common share from continuing operations - Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.20	USD	1 Quarter
Net earnings per common share from continuing operations - Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.44	USD	3 Qtrs
Net earnings per common share from continuing operations - Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.44	USD	3 Qtrs
Net earnings per common share from continuing operations - Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.42	USD	1 Quarter
Net earnings per common share from continuing operations - Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.18	USD	3 Qtrs
Net earnings per common share from continuing operations - Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.20	USD	1 Quarter
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`	$0.58	USD	3 Qtrs
Net earnings (loss) per share from discontinued operations - Basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.41	USD	1 Quarter
Net earnings (loss) per share from discontinued operations - Basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.01	USD	3 Qtrs
Net earnings (loss) per share from discontinued operations - Diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.01	USD	3 Qtrs
Net earnings (loss) per share from discontinued operations - Diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.41	USD	1 Quarter
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`	$0.58	USD	3 Qtrs
Net earnings per share - Basic (in dollars per share)	`EarningsPerShareBasic`	$0.62	USD	1 Quarter
Net earnings per share - Basic (in dollars per share)	`EarningsPerShareBasic`	$0.42	USD	1 Quarter
Net earnings per share - Basic (in dollars per share)	`EarningsPerShareBasic`	$1.03	USD	3 Qtrs
Net earnings per share - Basic (in dollars per share)	`EarningsPerShareBasic`	$1.18	USD	3 Qtrs
Net earnings per share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.42	USD	1 Quarter
Net earnings per share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.61	USD	1 Quarter
Net earnings per share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.17	USD	3 Qtrs
Net earnings per share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.02	USD	3 Qtrs
Average common stock and common equivalent shares outstanding - Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	358.90M	shares	1 Quarter
Average common stock and common equivalent shares outstanding - Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	337.30M	shares	3 Qtrs
Average common stock and common equivalent shares outstanding - Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	345.60M	shares	3 Qtrs
Average common stock and common equivalent shares outstanding - Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	337.60M	shares	1 Quarter
Average common stock and common equivalent shares outstanding - Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	340.20M	shares	3 Qtrs
Average common stock and common equivalent shares outstanding - Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	362.20M	shares	1 Quarter
Average common stock and common equivalent shares outstanding - Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	348.80M	shares	3 Qtrs
Average common stock and common equivalent shares outstanding - Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	340.80M	shares	1 Quarter

Cash Flow Statement 80 line items

Line Item	Tag	Value	Unit	Period
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$8.00M	USD	3 Qtrs
Net earnings from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$151.10M	USD	1 Quarter
Net earnings from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$86.00M	USD	1 Quarter
Net earnings from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$200.60M	USD	3 Qtrs
Net earnings from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$444.80M	USD	3 Qtrs
Amortization	`AdjustmentForAmortization`	$232.70M	USD	3 Qtrs
Amortization	`AdjustmentForAmortization`	$235.40M	USD	3 Qtrs
Depreciation	`Depreciation`	$60.30M	USD	3 Qtrs
Depreciation	`Depreciation`	$56.10M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$55.20M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$45.30M	USD	3 Qtrs
Loss on extinguishment of debt	`GainLossOnExtinguishmentOfDebtNoncash`	$-104.20M	USD	3 Qtrs
Loss on extinguishment of debt	`GainLossOnExtinguishmentOfDebtNoncash`	-	USD	3 Qtrs
Gain on investment in Vontier Corporation	`EquitySecuritiesFvNiRealizedGain`	-	USD	1 Quarter
Gain on investment in Vontier Corporation	`EquitySecuritiesFvNiRealizedGain`	-	USD	1 Quarter
Gain on investment in Vontier Corporation	`EquitySecuritiesFvNiRealizedGain`	$57.00M	USD	3 Qtrs
Gain on investment in Vontier Corporation	`EquitySecuritiesFvNiRealizedGain`	-	USD	3 Qtrs
Gain on litigation dismissal	`GainLossRelatedToLitigationSettlement`	$26.00M	USD	3 Qtrs
Gain on litigation dismissal	`GainLossRelatedToLitigationSettlement`	-	USD	1 Quarter
Gain on litigation dismissal	`GainLossRelatedToLitigationSettlement`	-	USD	3 Qtrs
Gain on litigation dismissal	`GainLossRelatedToLitigationSettlement`	-	USD	1 Quarter
Change in trade accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$20.40M	USD	3 Qtrs
Change in trade accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-102.90M	USD	3 Qtrs
Change in inventories	`IncreaseDecreaseInInventories`	$14.20M	USD	3 Qtrs
Change in inventories	`IncreaseDecreaseInInventories`	$46.10M	USD	3 Qtrs
Change in trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$-24.70M	USD	3 Qtrs
Change in trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$14.80M	USD	3 Qtrs
Change in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-23.20M	USD	3 Qtrs
Change in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$61.50M	USD	3 Qtrs
Change in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$6.40M	USD	3 Qtrs
Change in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$22.20M	USD	3 Qtrs
Total operating cash provided by continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$648.30M	USD	3 Qtrs
Total operating cash provided by continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$705.90M	USD	3 Qtrs
Total operating cash provided by (used in) discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-19.40M	USD	3 Qtrs
Total operating cash provided by (used in) discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$503.70M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$686.50M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.15B	USD	3 Qtrs
Cash paid for acquisitions, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.16B	USD	3 Qtrs
Cash paid for acquisitions, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$15.20M	USD	3 Qtrs
Payments for additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$28.00M	USD	3 Qtrs
Payments for additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$58.90M	USD	3 Qtrs
All other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-5.30M	USD	3 Qtrs
All other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.10M	USD	3 Qtrs
Total investing cash used in continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.18B	USD	3 Qtrs
Total investing cash used in continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-68.80M	USD	3 Qtrs
Total investing cash used in discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$-36.30M	USD	3 Qtrs
Total investing cash used in discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-105.10M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.18B	USD	3 Qtrs
Net proceeds from (repayment of) commercial paper borrowings	`ProceedsFromRepaymentsOfCommercialPaper`	$215.00M	USD	3 Qtrs
Net proceeds from (repayment of) commercial paper borrowings	`ProceedsFromRepaymentsOfCommercialPaper`	$-1.14B	USD	3 Qtrs
Proceeds from borrowings (maturities greater than 90 days), net of issuance costs of $8 million in 2020	`ProceedsFromDebtMaturingInMoreThanThreeMonths`	-	USD	3 Qtrs
Proceeds from borrowings (maturities greater than 90 days), net of issuance costs of $8 million in 2020	`ProceedsFromDebtMaturingInMoreThanThreeMonths`	$741.70M	USD	3 Qtrs
Repayment of borrowings (maturities greater than 90 days)	`RepaymentsOfDebtMaturingInMoreThanThreeMonths`	$611.10M	USD	3 Qtrs
Repayment of borrowings (maturities greater than 90 days)	`RepaymentsOfDebtMaturingInMoreThanThreeMonths`	$250.00M	USD	3 Qtrs
Payment of common stock cash dividend to shareholders	`PaymentsOfDividendsCommonStock`	$72.60M	USD	3 Qtrs
Payment of common stock cash dividend to shareholders	`PaymentsOfDividendsCommonStock`	$70.70M	USD	3 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`	$34.50M	USD	3 Qtrs
Payment of mandatory convertible preferred stock cash dividend to shareholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$34.50M	USD	3 Qtrs
All other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-600.00K	USD	3 Qtrs
All other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$18.10M	USD	3 Qtrs
Total financing cash used in continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-756.00M	USD	3 Qtrs
Total financing cash used in continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-485.10M	USD	3 Qtrs
Total financing cash used in discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$-4.20M	USD	3 Qtrs
Total financing cash used in discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	-	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-485.10M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-760.20M	USD	3 Qtrs
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-4.20M	USD	3 Qtrs
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-2.70M	USD	3 Qtrs
Net change in cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$284.00M	USD	3 Qtrs
Net change in cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-986.40M	USD	3 Qtrs
Beginning balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.82B	USD	Point-in-time
Beginning balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.49B	USD	Point-in-time
Beginning balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.21B	USD	Point-in-time
Beginning balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$838.40M	USD	Point-in-time
Ending balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.82B	USD	Point-in-time
Ending balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.49B	USD	Point-in-time
Ending balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.21B	USD	Point-in-time
Ending balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$838.40M	USD	Point-in-time

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.32B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.97B	USD	Point-in-time
Net earnings for the period	`ProfitLoss`	$150.80M	USD	1 Quarter
Net earnings for the period	`ProfitLoss`	$225.80M	USD	1 Quarter
Net earnings for the period	`ProfitLoss`	$441.90M	USD	3 Qtrs
Net earnings for the period	`ProfitLoss`	$397.70M	USD	3 Qtrs
Dividends to common shareholders	`DividendsCommonStockCash`	$23.70M	USD	1 Quarter
Dividends to common shareholders	`DividendsCommonStockCash`	$23.60M	USD	1 Quarter
Dividends to common shareholders	`DividendsCommonStockCash`	$25.20M	USD	1 Quarter
Dividends to common shareholders	`DividendsCommonStockCash`	$70.70M	USD	3 Qtrs
Dividends to common shareholders	`DividendsCommonStockCash`	$72.60M	USD	3 Qtrs
Dividends to common shareholders	`DividendsCommonStockCash`	$23.60M	USD	1 Quarter
Dividends to common shareholders	`DividendsCommonStockCash`	$23.50M	USD	1 Quarter
Dividends to common shareholders	`DividendsCommonStockCash`	$23.70M	USD	1 Quarter
Mandatory convertible preferred stock cumulative dividends	`DividendsPreferredStockCash`	$51.80M	USD	3 Qtrs
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`	$17.30M	USD	1 Quarter
Mandatory convertible preferred stock cumulative dividends	`DividendsPreferredStockCash`	-	USD	1 Quarter
Mandatory convertible preferred stock cumulative dividends	`DividendsPreferredStockCash`	$17.20M	USD	1 Quarter
Mandatory convertible preferred stock cumulative dividends	`DividendsPreferredStockCash`	$34.50M	USD	3 Qtrs
Mandatory convertible preferred stock cumulative dividends	`DividendsPreferredStockCash`	$17.30M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-35.40M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$64.90M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-34.80M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-51.00M	USD	3 Qtrs
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.32B	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`	$150.80M	USD	1 Quarter
Net earnings	`ProfitLoss`	$225.80M	USD	1 Quarter
Net earnings	`ProfitLoss`	$441.90M	USD	3 Qtrs
Net earnings	`ProfitLoss`	$397.70M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-35.70M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-36.40M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-53.80M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$63.90M	USD	1 Quarter
Pension adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-2.80M	USD	3 Qtrs
Pension adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-1.00M	USD	3 Qtrs
Pension adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-900.00K	USD	1 Quarter
Pension adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-1.00M	USD	1 Quarter
Total other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-35.40M	USD	3 Qtrs
Total other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$64.90M	USD	1 Quarter
Total other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-34.80M	USD	1 Quarter
Total other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-51.00M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$290.70M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$116.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$362.30M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$390.90M	USD	3 Qtrs

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