10-Q Filing

FORTIVE CORP CIK: 1659166 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001659166-22-000155`
Period End Date	20220630
Filing Date	20220728
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	ftv-20220701_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 108 Cash Flow Statement 77 Stockholders Equity 24 Comprehensive Income 20

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$733.10M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$679.00M	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`	$682.90M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$819.30M	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$940.90M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$930.20M	USD	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`	0.00	shares	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$215.40M	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
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$224.80M	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$94.00M	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$104.00M	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`	$203.30M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	360.40M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	361.20M	shares	Point-in-time
Raw materials	`InventoryRawMaterialsNetOfReserves`	$218.90M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	359.10M	shares	Point-in-time
Inventories	`InventoryNet`	$547.70M	USD	Point-in-time
Inventories	`InventoryNet`	$512.70M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	355.60M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$273.80M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$252.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.45B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.51B	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $733.1 and $679.0 at July 1, 2022 and December 31, 2021, respectively	`PropertyPlantAndEquipmentNet`	$395.50M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $733.1 and $679.0 at July 1, 2022 and December 31, 2021, respectively	`PropertyPlantAndEquipmentNet`	$407.60M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$512.90M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$481.30M	USD	Point-in-time
Goodwill	`Goodwill`	$9.06B	USD	Point-in-time
Goodwill	`Goodwill`	$9.15B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.68B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.89B	USD	Point-in-time
Total assets	`Assets`	$16.47B	USD	Point-in-time
Total assets	`Assets`	$16.07B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$999.90M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$2.15B	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$581.70M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$557.90M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$1.01B	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$1.03B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.71B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.61B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.43B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.33B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.68B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.81B	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 and no shares issued or outstanding at July 1, 2022 and December 31, 2021	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock: $0.01 par value, 15.0 million shares authorized and no shares issued or outstanding at July 1, 2022 and December 31, 2021	`PreferredStockValue`	-	USD	Point-in-time
Common stock: $0.01 par value, 2.0 billion shares authorized; 361.2 and 360.4 million issued; 355.6 and 359.1 million outstanding at July 1, 2022 and December 31, 2021, respectively	`CommonStockValue`	$3.60M	USD	Point-in-time
Common stock: $0.01 par value, 2.0 billion shares authorized; 361.2 and 360.4 million issued; 355.6 and 359.1 million outstanding at July 1, 2022 and December 31, 2021, respectively	`CommonStockValue`	$3.60M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.65B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.67B	USD	Point-in-time
Treasury shares, at cost	`TreasuryStockValue`	-	USD	Point-in-time
Treasury shares, at cost	`TreasuryStockValue`	$242.90M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$6.37B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$6.02B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-185.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-342.10M	USD	Point-in-time
Total Fortive stockholders equity	`StockholdersEquity`	$9.51B	USD	Point-in-time
Total Fortive stockholders equity	`StockholdersEquity`	$9.44B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$4.80M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$5.10M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.52B	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.45B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$16.07B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$16.47B	USD	Point-in-time

Income Statement 108 line items

Line Item	Tag	Value	Unit	Period
Total sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.58B	USD	2 Qtrs
Total sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.32B	USD	1 Quarter
Total sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.46B	USD	1 Quarter
Total sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.84B	USD	2 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$629.80M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$1.11B	USD	2 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$1.21B	USD	2 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$564.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$833.50M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.47B	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.63B	USD	2 Qtrs
Gross profit	`GrossProfit`	$755.50M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$456.40M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$484.90M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$884.50M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$965.50M	USD	2 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$100.10M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$174.00M	USD	2 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$199.20M	USD	2 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$87.80M	USD	1 Quarter
Russia exit and wind down costs	`UnusualOrInfrequentItemOrBothExitAndWindDownCosts`	-	USD	1 Quarter
Russia exit and wind down costs	`UnusualOrInfrequentItemOrBothExitAndWindDownCosts`	$16.20M	USD	1 Quarter
Russia exit and wind down costs	`UnusualOrInfrequentItemOrBothExitAndWindDownCosts`	$16.20M	USD	2 Qtrs
Russia exit and wind down costs	`UnusualOrInfrequentItemOrBothExitAndWindDownCosts`	-	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$211.30M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$444.60M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$408.90M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$232.30M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$21.00M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$52.90M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$25.20M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$39.80M	USD	2 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`	-	USD	2 Qtrs
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`	-	USD	1 Quarter
Gain on investment in Vontier Corporation	`EquitySecuritiesFvNiRealizedGain`	-	USD	1 Quarter
Gain on investment in Vontier Corporation	`EquitySecuritiesFvNiRealizedGain`	$57.00M	USD	2 Qtrs
Gain on litigation resolution	`GainLossRelatedToLitigationSettlement`	-	USD	2 Qtrs
Gain on litigation resolution	`GainLossRelatedToLitigationSettlement`	-	USD	1 Quarter
Gain on litigation resolution	`GainLossRelatedToLitigationSettlement`	$26.00M	USD	1 Quarter
Gain on litigation resolution	`GainLossRelatedToLitigationSettlement`	$26.00M	USD	2 Qtrs
Other non-operating expense, net	`OtherNonoperatingIncomeExpense`	$-7.90M	USD	2 Qtrs
Other non-operating expense, net	`OtherNonoperatingIncomeExpense`	$-3.10M	USD	1 Quarter
Other non-operating expense, net	`OtherNonoperatingIncomeExpense`	$-4.60M	USD	1 Quarter
Other non-operating expense, net	`OtherNonoperatingIncomeExpense`	$-5.80M	USD	2 Qtrs
Earnings from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$399.00M	USD	2 Qtrs
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`	$208.20M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$60.90M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$35.20M	USD	1 Quarter
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`	$338.10M	USD	2 Qtrs
Net earnings from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$173.00M	USD	1 Quarter
Net earnings from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$293.70M	USD	2 Qtrs
Earnings (loss) from discontinued operations, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	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`	$-2.60M	USD	2 Qtrs
Earnings (loss) from discontinued operations, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Net earnings	`ProfitLoss`	$291.10M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$338.10M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$173.00M	USD	1 Quarter
Net earnings	`ProfitLoss`	$180.90M	USD	1 Quarter
Mandatory convertible preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	-	USD	2 Qtrs
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`	-	USD	1 Quarter
Net earnings attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$163.70M	USD	1 Quarter
Net earnings attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$173.00M	USD	1 Quarter
Net earnings attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$338.10M	USD	2 Qtrs
Net earnings attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$256.60M	USD	2 Qtrs
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.48	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.76	USD	2 Qtrs
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.94	USD	2 Qtrs
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.49	USD	1 Quarter
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.76	USD	2 Qtrs
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.48	USD	1 Quarter
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.93	USD	2 Qtrs
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.48	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	2 Qtrs
Basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.01	USD	2 Qtrs
Diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	2 Qtrs
Diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.01	USD	2 Qtrs
Diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.76	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.48	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.94	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.48	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.48	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.48	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.75	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.93	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	339.00M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	358.30M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	339.40M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	357.40M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	342.10M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	364.20M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	342.40M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	359.80M	shares	1 Quarter

Cash Flow Statement 77 line items

Line Item	Tag	Value	Unit	Period
Net earnings from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$182.00M	USD	1 Quarter
Net earnings from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$338.10M	USD	2 Qtrs
Net earnings from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$173.00M	USD	1 Quarter
Net earnings from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$293.70M	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$192.10M	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$155.00M	USD	2 Qtrs
Depreciation	`Depreciation`	$37.70M	USD	2 Qtrs
Depreciation	`Depreciation`	$41.90M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$36.80M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$45.00M	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`	-	USD	1 Quarter
Gain on investment in Vontier Corporation	`EquitySecuritiesFvNiRealizedGain`	-	USD	1 Quarter
Gain on investment in Vontier Corporation	`EquitySecuritiesFvNiRealizedGain`	$57.00M	USD	2 Qtrs
Gain on litigation resolution	`GainLossRelatedToLitigationSettlement`	-	USD	2 Qtrs
Gain on litigation resolution	`GainLossRelatedToLitigationSettlement`	-	USD	1 Quarter
Gain on litigation resolution	`GainLossRelatedToLitigationSettlement`	$26.00M	USD	1 Quarter
Gain on litigation resolution	`GainLossRelatedToLitigationSettlement`	$26.00M	USD	2 Qtrs
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$600.00K	USD	2 Qtrs
Russia exit and wind down costs	`UnusualOrInfrequentItemOrBothNoncashExitAndWindDownCosts`	$9.20M	USD	2 Qtrs
Russia exit and wind down costs	`UnusualOrInfrequentItemOrBothNoncashExitAndWindDownCosts`	-	USD	2 Qtrs
Change in trade accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$37.70M	USD	2 Qtrs
Change in trade accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$11.80M	USD	2 Qtrs
Change in inventories	`IncreaseDecreaseInInventories`	$50.70M	USD	2 Qtrs
Change in inventories	`IncreaseDecreaseInInventories`	$24.00M	USD	2 Qtrs
Change in trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$40.10M	USD	2 Qtrs
Change in trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$9.10M	USD	2 Qtrs
Change in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$21.40M	USD	2 Qtrs
Change in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$39.20M	USD	2 Qtrs
Change in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-53.30M	USD	2 Qtrs
Change in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-29.60M	USD	2 Qtrs
Total operating cash provided by continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$509.20M	USD	2 Qtrs
Total operating cash provided by continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$443.00M	USD	2 Qtrs
Total operating cash used in discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	-	USD	2 Qtrs
Total operating cash used in discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-18.70M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$424.30M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$509.20M	USD	2 Qtrs
Cash paid for acquisitions, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.60M	USD	2 Qtrs
Cash paid for acquisitions, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-900.00K	USD	2 Qtrs
Payments for additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$37.10M	USD	2 Qtrs
Payments for additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$17.10M	USD	2 Qtrs
All other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	2 Qtrs
All other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.10M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-38.70M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.10M	USD	2 Qtrs
Payment of 0.875% convertible senior notes due 2022	`RepaymentsOfConvertibleDebt`	$1.16B	USD	2 Qtrs
Payment of 0.875% convertible senior notes due 2022	`RepaymentsOfConvertibleDebt`	-	USD	2 Qtrs
Net proceeds from commercial paper borrowings	`ProceedsFromRepaymentsOfCommercialPaper`	-	USD	2 Qtrs
Net proceeds from commercial paper borrowings	`ProceedsFromRepaymentsOfCommercialPaper`	$481.30M	USD	2 Qtrs
Proceeds from borrowings (maturities greater than 90 days), net of issuance costs of $0.6 million in 2022	`ProceedsFromDebtMaturingInMoreThanThreeMonths`	-	USD	2 Qtrs
Proceeds from borrowings (maturities greater than 90 days), net of issuance costs of $0.6 million in 2022	`ProceedsFromDebtMaturingInMoreThanThreeMonths`	$397.00M	USD	2 Qtrs
Repayment of borrowings (maturities greater than 90 days)	`RepaymentsOfDebtMaturingInMoreThanThreeMonths`	-	USD	2 Qtrs
Repayment of borrowings (maturities greater than 90 days)	`RepaymentsOfDebtMaturingInMoreThanThreeMonths`	$611.10M	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`	$50.00M	USD	2 Qtrs
Payment of mandatory convertible preferred stock cash dividend to shareholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	-	USD	2 Qtrs
Payment of mandatory convertible preferred stock cash dividend to shareholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$34.50M	USD	2 Qtrs
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$242.90M	USD	2 Qtrs
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
All other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$25.20M	USD	2 Qtrs
All other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-11.80M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-667.80M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-582.90M	USD	2 Qtrs
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-24.00M	USD	2 Qtrs
Effect of exchange rate changes on cash and equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-400.00K	USD	2 Qtrs
Net change in cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-136.40M	USD	2 Qtrs
Net change in cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-259.00M	USD	2 Qtrs
Beginning balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.57B	USD	Point-in-time
Beginning balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.82B	USD	Point-in-time
Beginning balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$682.90M	USD	Point-in-time
Beginning balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$819.30M	USD	Point-in-time
Ending balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.57B	USD	Point-in-time
Ending balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.82B	USD	Point-in-time
Ending balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$682.90M	USD	Point-in-time
Ending balance of cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$819.30M	USD	Point-in-time

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.52B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.45B	USD	Point-in-time
Net earnings for the period	`ProfitLoss`	$291.10M	USD	2 Qtrs
Net earnings for the period	`ProfitLoss`	$338.10M	USD	2 Qtrs
Net earnings for the period	`ProfitLoss`	$173.00M	USD	1 Quarter
Net earnings for the period	`ProfitLoss`	$180.90M	USD	1 Quarter
Dividends to common shareholders	`DividendsCommonStockCash`	$23.70M	USD	1 Quarter
Dividends to common shareholders	`DividendsCommonStockCash`	$47.40M	USD	2 Qtrs
Dividends to common shareholders	`DividendsCommonStockCash`	$50.00M	USD	2 Qtrs
Dividends to common shareholders	`DividendsCommonStockCash`	$23.70M	USD	1 Quarter
Dividends to common shareholders	`DividendsCommonStockCash`	$25.10M	USD	1 Quarter
Dividends to common shareholders	`DividendsCommonStockCash`	$24.90M	USD	1 Quarter
Mandatory convertible preferred stock cumulative dividends	`DividendsPreferredStockCash`	$34.50M	USD	2 Qtrs
Mandatory convertible preferred stock cumulative dividends	`DividendsPreferredStockCash`	-	USD	1 Quarter
Mandatory convertible preferred stock cumulative dividends	`DividendsPreferredStockCash`	-	USD	2 Qtrs
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
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-16.20M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$17.50M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-157.10M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-118.20M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.52B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.45B	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`	$338.10M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$173.00M	USD	1 Quarter
Net earnings	`ProfitLoss`	$180.90M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-158.00M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-18.10M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-118.60M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$16.60M	USD	1 Quarter
Pension adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-1.90M	USD	2 Qtrs
Pension adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-900.00K	USD	2 Qtrs
Pension adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-900.00K	USD	1 Quarter
Pension adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-400.00K	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`	$17.50M	USD	1 Quarter
Total other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-157.10M	USD	2 Qtrs
Total other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-118.20M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$198.40M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$181.00M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$274.90M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$54.80M	USD	1 Quarter

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