Consolidated Condensed Balance Sheets - USD ($) $ in Millions	Mar. 27, 2020	Dec. 31, 2019
Current assets:
Cash and equivalents	$ 1,040.5	$ 1,205.2
Accounts receivable, net	1,317.6	1,384.5
Inventories:
Finished goods	282.7	285.6
Work in process	103.1	100.4
Raw materials	264.6	254.3
Inventories	650.4	640.3
Prepaid expenses and other current assets	433.8	455.6
Current assets, discontinued operations	3.3	3.2
Total current assets	3,445.6	3,688.8
Property, plant and equipment, net of accumulated depreciation of $843.2 and $838.7 at March 27, 2020 and December 31, 2019, respectively	520.0	519.5
Operating lease right-of-use assets	200.0	206.8
Other assets	744.0	779.6
Goodwill	8,271.1	8,399.3
Other intangible assets, net	3,751.0	3,845.0
Total assets	16,931.7	17,439.0
Current liabilities:
Current portion of long-term debt	250.0	1,500.0
Trade accounts payable	745.4	765.5
Current operating lease liabilities	53.3	54.9
Accrued expenses and other current liabilities	1,072.4	1,146.8
Total current liabilities	2,121.1	3,467.2
Operating lease liabilities	154.5	159.0
Other long-term liabilities	1,576.7	1,584.2
Long-term debt	5,826.1	4,828.4
Commitments and Contingencies
Equity:
Preferred stock: $0.01 par value, 15.0 million shares authorized; 5.0% Mandatory convertible preferred stock, series A, 1.4 million shares designated, issued and outstanding at March 27, 2020 and December 31, 2019	0.0	0.0
Common stock: $0.01 par value, 2.0 billion shares authorized; 337.7 and 336.9 million issued; 336.8 and 336.0 million outstanding at March 27, 2020 and December 31, 2019, respectively	3.4	3.4
Additional paid-in capital	3,333.7	3,311.1
Retained earnings	4,098.6	4,128.8
Accumulated other comprehensive income (loss)	(193.6)	(56.3)
Total Fortive stockholders’ equity	7,242.1	7,387.0
Noncontrolling interests	11.2	13.2
Total stockholders’ equity	7,253.3	7,400.2
Total liabilities and equity	16,931.7	17,439.0
Accumulated depreciation	$ 843.2	$ 838.7