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Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Total sales $ 6,065.3 $ 5,825.7 $ 5,254.7
Total cost of sales (2,471.2) (2,462.3) (2,247.6)
Gross profit 3,594.1 3,363.4 3,007.1
Operating costs:      
Selling, general, and administrative expenses (2,062.6) (1,956.6) (1,839.5)
Research and development expenses (397.8) (401.5) (354.8)
Russia exit and wind down costs 0.0 (17.9) 0.0
Operating profit 1,133.7 987.4 812.8
Non-operating income (expense), net:      
Interest expense, net (123.5) (98.3) (103.2)
Loss on extinguishment of debt 0.0 0.0 (104.9)
Gain on investment in Vontier Corporation 0.0 0.0 57.0
Gain on litigation resolution 0.0 0.0 29.9
Other non-operating expenses, net (19.4) (15.6) (14.1)
Earnings from continuing operations before income taxes 990.8 873.5 677.5
Income taxes (125.0) (118.3) (63.3)
Net earnings from continuing operations 865.8 755.2 614.2
Earnings (loss) from discontinued operations, net of income taxes 0.0 0.0 (5.8)
Net earnings 865.8 755.2 608.4
Mandatory convertible preferred dividends 0.0 0.0 (34.5)
Net earnings attributable to common stockholders $ 865.8 $ 755.2 $ 573.9
Net earnings per common share from continuing operations:      
Net earnings per common share from continuing operations, basic (in dollars per share) $ 2.46 $ 2.12 $ 1.66
Net earnings per common share from continuing operations, diluted (in dollars per share) 2.43 2.10 1.65
Net earnings per common share from discontinued operations:      
Net earnings per common share from discontinued operations, basic (in dollars per share) 0 0 (0.02)
Net earnings per common share from discontinued operations, diluted (in dollars per share) 0 0 (0.02)
Net earnings per common share:      
Net earnings per common share, basic (in dollars per share) 2.46 2.12 1.64
Net earnings per common share, diluted (in dollars per share) $ 2.43 $ 2.10 $ 1.63
Average common stock and common equivalent shares outstanding:      
Average common stock and common equivalent shares outstanding, basic (in shares) 352.5 356.4 349.0
Average common stock and common equivalent shares outstanding, diluted (in shares) 355.6 360.8 352.3
Sales of products and software      
Total sales $ 5,137.7 $ 4,920.1 $ 4,496.1
Total cost of sales (1,981.8) (1,994.8) (1,833.4)
Sales of services      
Total sales 927.6 905.6 758.6
Total cost of sales $ (489.4) $ (467.5) $ (414.2)