Issuance of 0.875% senior convertible notes due 2022

[Table of Conten](#i207805ce14724a60909000a6c8cb9e11_7)[t](#i207805ce14724a60909000a6c8cb9e11_7)[s](#i207805ce14724a60909000a6c8cb9e11_7)FORTIVE CORPORATION AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CHANGES IN EQUITY($ and shares in millions) 

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|  | Common Stock |  | Preferred Stock |  | Additional Paid-In Capital |  | Retained Earnings |  |  |  | AccumulatedOtherComprehensiveLoss |  | NoncontrollingInterests |
|  | Shares |  | Amount | Shares |  | Amount |  |
| Balance, January 1, 2019 | 334.5  |  |  | $ | 3.4  |  |  | 1.4  |  |  | $ | —  |  |  | $ | 3,126.0  |  |  | $ | 3,552.7  |  |  |  |  | $ | (86.6) |  |  | $ | 17.4  |  |
| Net earnings for the period | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 738.9  |  |  |  |  | —  |  |  | —  |  |
| Dividends to common shareholders | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | (93.8) |  |  |  |  | —  |  |  | —  |  |
| Mandatory convertible preferred dividends | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | (69.0) |  |  |  |  | —  |  |  | —  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Other comprehensive income | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  |  |  | 30.3  |  |  | —  |  |
| Common stock-based award activity | 1.5  |  |  | —  |  |  | —  |  |  | —  |  |  | 88.8  |  |  | —  |  |  |  |  | —  |  |  | —  |  |
| Issuance of 0.875% senior convertible notes due 2022 | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 100.4  |  |  | —  |  |  |  |  | —  |  |  | —  |  |
| Changes in noncontrolling interests | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  |  |  | —  |  |  | (4.2) |  |
| Net transfers to Former Parent | —  |  |  | —  |  |  | —  |  |  | —  |  |  | (4.1) |  |  | —  |  |  |  |  | —  |  |  |  |
| Balance, December 31, 2019 | 336.0  |  |  | 3.4  |  |  | 1.4  |  |  | —  |  |  | 3,311.1  |  |  | 4,128.8  |  |  |  |  | (56.3) |  |  | 13.2  |  |
| Adoption of accounting standards |  |  |  |  |  |  |  |  |  |  | (31.3) |  |  |  |  |  |  |  |
| Balance, January 1, 2020 | 336.0  |  |  | 3.4  |  |  | 1.4  |  |  | —  |  |  | 3,311.1  |  |  | 4,097.5  |  |  |  |  | (56.3) |  |  | 13.2  |  |
| Net earnings for the period | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 1,613.3  |  |  |  |  | —  |  |  | —  |  |
| Dividends to common shareholders | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | (94.4) |  |  |  |  | —  |  |  | —  |  |
| Mandatory convertible preferred dividends | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | (69.0) |  |  |  |  | —  |  |  | —  |  |
| Other comprehensive loss | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  |  |  | 50.8  |  |  | —  |  |
| Common stock-based award activity | 3.0  |  |  | —  |  |  | —  |  |  | —  |  |  | 112.9  |  |  | —  |  |  |  |  | —  |  |  | —  |  |
| Vontier Separation and other | —  |  |  | —  |  |  |  |  | —  |  |  | 130.5  |  |  | —  |  |  |  |  | (135.6) |  |  | —  |  |
| Change in noncontrolling interests | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  |  |  | —  |  |  | (4.7) |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Balance, December 31, 2020 | 339.0  |  |  | 3.4  |  |  | 1.4  |  |  | —  |  |  | 3,554.5  |  |  | 5,547.4  |  |  |  |  | (141.1) |  |  | 8.5  |  |
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| Net earnings for the period | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 608.4  |  |  |  |  | —  |  |  | —  |  |
| Dividends to common shareholders | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | (97.7) |  |  |  |  | —  |  |  | —  |  |
| Mandatory convertible preferred stock cumulative dividends | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | (34.5) |  |  |  |  | —  |  |  | —  |  |
| Conversion of Mandatory convertible preferred stock to common stock | 19.4  |  |  | 0.2  |  |  | (1.4) |  |  | —  |  |  | —  |  |  | —  |  |  |  |  | —  |  |  | —  |  |
| Other comprehensive income | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  |  |  | (43.9) |  |  | —  |  |
| Common stock-based award activity | 0.7  |  |  | —  |  |  | —  |  |  | —  |  |  | 117.7  |  |  | —  |  |  |  |  | —  |  |  | —  |  |
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| Early extinguishment of 0.875% senior convertible notes due 2022 | —  |  |  | —  |  |  | —  |  |  | —  |  |  | (11.6) |  |  | —  |  |  |  |  | —  |  |  | —  |  |
| Vontier Separation and other | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 8.6  |  |  |  |  |  |  |  |  |  |
| Change in noncontrolling interests | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 0.8  |  |  | —  |  |  |  |  | —  |  |  | (3.7) |  |
| Balance, December 31, 2021 | 359.1  |  |  | $ | 3.6  |  |  | —  |  |  | $ | —  |  |  | $ | 3,670.0  |  |  | $ | 6,023.6  |  |  |  |  | $ | (185.0) |  |  | $ | 4.8  |  |

See the accompanying Notes to the Consolidated Financial Statements.  
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