Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
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	0.0	1,119.2
Current assets, discontinued operations	0.0	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
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	0.0	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.	0.0	0.0
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