Preferred stock, shares outstanding (in shares)

[Table of Conten](#i207805ce14724a60909000a6c8cb9e11_7)[t](#i207805ce14724a60909000a6c8cb9e11_7)[s](#i207805ce14724a60909000a6c8cb9e11_7)FORTIVE CORPORATION AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS($ and shares in millions, except per share amounts) 

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|   | As of December 31 |
|   | 2021 |  | 2020 |
| ASSETS |  |  |  |
| Current assets: |  |  |  |
| Cash and equivalents | $ | 819.3  |  |  | $ | 1,824.8  |  |
| Accounts receivable less allowance for doubtful accounts of $39.7 million and $42.5 million, respectively | 930.2  |  |  | 810.3  |  |
| Inventories | 512.7  |  |  | 455.5  |  |
| Prepaid expenses and other current assets | 252.7  |  |  | 206.7  |  |
| Investment in Vontier Corporation | —  |  |  | 1,119.2  |  |
| Current assets, discontinued operations | —  |  |  | 30.4  |  |
| Total current assets | 2,514.9  |  |  | 4,446.9  |  |
| Property, plant and equipment, net | 395.5  |  |  | 422.0  |  |
| Operating lease right-of-use assets | 175.6  |  |  | 188.7  |  |
| Other assets | 337.3  |  |  | 344.1  |  |
| Goodwill | 9,152.0  |  |  | 7,359.2  |  |
| Other intangible assets, net | 3,890.2  |  |  | 3,290.6  |  |
| Total assets | $ | 16,465.5  |  |  | $ | 16,051.5  |  |
| LIABILITIES AND EQUITY |  |  |  |
| Current liabilities: |  |  |  |
| Current portion of long-term debt | $ | 2,151.7  |  |  | $ | 1,399.8  |  |
| Trade accounts payable | 557.9  |  |  | 480.8  |  |
| Current operating lease liabilities | 44.6  |  |  | 47.0  |  |
| Accrued expenses and other current liabilities | 960.7  |  |  | 899.9  |  |
| Current liabilities, discontinued operations | —  |  |  | 33.3  |  |
| Total current liabilities | 3,714.9  |  |  | 2,860.8  |  |
| Operating lease liabilities | 139.9  |  |  | 154.3  |  |
| Other long-term liabilities | 1,286.4  |  |  | 1,233.4  |  |
| Long-term debt | 1,807.3  |  |  | 2,830.3  |  |
| Commitments and Contingencies |  |  |  |
| Equity: |  |  |  |
| Preferred stock: $0.01 par value, 15.0 million shares authorized; 5.0% Mandatory convertible preferred stock, series A, zero shares and 1.4 million shares designated, issued and outstanding at December 31, 2021 and December 31, 2020, respectively. | —  |  |  | —  |  |
| Common stock: $0.01 par value, 2.0 billion shares authorized; 360.4 million and 339.0 million issued; 359.1 million and 337.9 million outstanding at December 31, 2021 and December 31, 2020, respectively | 3.6  |  |  | 3.4  |  |
| Additional paid-in capital | 3,670.0  |  |  | 3,554.5  |  |
| Retained earnings | 6,023.6  |  |  | 5,547.4  |  |
| Accumulated other comprehensive loss | (185.0) |  |  | (141.1) |  |
| Total Fortive stockholders’ equity | 9,512.2  |  |  | 8,964.2  |  |
| Noncontrolling interests | 4.8  |  |  | 8.5  |  |
| Total stockholders’ equity | 9,517.0  |  |  | 8,972.7  |  |
| Total liabilities and equity | $ | 16,465.5  |  |  | $ | 16,051.5  |  |

See the accompanying Notes to the Consolidated Financial Statements.54
