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Stock Transactions And Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Summary of Share Activity
The following table summarizes the Company’s stock activity (shares in millions):
Year Ended
December 31, 2021December 31, 2020December 31, 2019
Common stock - shares issued:
Balance, beginning of period160.2 158.7 — 
Shares issued to Danaher— — 127.9 
Issuance of common stock 1.8 1.5 30.8 
Balance, end of period162.0 160.2 158.7 
Summary of Assumption Used in the Black-Scholes Value Options Granted
The following summarizes the assumptions used in the Black-Scholes model to value options granted during the years ended December 31:
202120202019
Risk-free interest rate
1.0 – 1.3%
0.4 – 1.2%
1.7 – 2.6%
Weighted average volatility25.3 %25.3 %21.1 %
Dividend yield— %— %0.5 %
Expected years until exercise
6.0
6.0
5.0 – 8.0
Components Of Stock-Based Compensation Program
The following summarizes the components of the Company’s stock-based compensation expense under the Stock Plan and Danaher’s stock plans for the years ended December 31 ($ in millions):
202120202019
RSUs/PSUs$15.5 $13.3 $11.0 
Stock options12.2 8.9 7.1 
Total stock-based compensation expense$27.7 $22.2 $18.1 
Schedule of Option Activity
The following summarizes the Company’s option activity under the Company’s and Danaher’s stock plans (in millions; except price per share and numbers of years):
Number of Stock Options
Weighted
Average
Exercise Price
Weighted Average
Remaining
Contractual Term
(in years)
Aggregate
Intrinsic
Value
Outstanding as of December 31, 20181.7 $75.43 
Granted
0.8 
Exercised
(0.5)
Cancelled/forfeited
(0.1)
Conversion impact (1)
6.1 
Outstanding as of December 31, 20198.0 $17.81 
Granted
2.2 $26.14 
Exercised
(1.0)$14.01 
Cancelled/forfeited
(1.1)$21.17 
Outstanding as of December 31, 20208.1 $20.08 
Granted
1.7 $38.15 
Exercised
(1.3)$15.74 
Cancelled/forfeited
(0.6)$26.74 
Outstanding as of December 31, 20217.9 $24.16 7.0$165.0 
Vested and expected to vest as of December 31, 2021
7.5 $23.94 7.0$159.3 
Vested as of December 31, 2021
2.8 $17.96 5.4$74.6 
______________
(1)The “Conversion impact” represents the additional stock options issued by Envista as a result of the Separation by applying the “concentration method” to convert employee options based on the ratio of the fair value of Danaher and Envista common stock calculated using the closing prices on December 17, 2019.
Schedule of Options Outstanding
Options outstanding as of December 31, 2021 are summarized below (in millions; except price per share and numbers of years):
OutstandingExercisable
Exercise PriceNumber of Stock OptionsAverage
Exercise Price		Average
Remaining
Life
(in years)		Number of Stock OptionsAverage
Exercise Price
$7.41 to 12.62
0.3 $10.47 2.00.3 $10.47 
$12.63 to 19.02
1.7 $15.81 5.11.2 $15.03 
$19.03 to 21.76
2.2 $20.54 6.50.9 $20.34 
$21.77 to $26.50
2.0 $25.60 8.00.3 $26.38 
$26.51 to 43.56
1.7 $36.95 9.00.1 $27.24 
Summery Information of Unvested RSUs and PSUs Activity
The following summarizes information on unvested RSUs and PSUs activity related to the Company’s employees and non-employee directors (in millions; except weighted average grant-date fair value):
Number of
RSUs/PSUs		Weighted Average
Grant-Date Fair Value
Unvested at December 31, 20180.4 $79.21 
Granted0.4 
Vested(0.1)
Forfeited(0.1)
Conversion impact (1)
1.5 
Unvested at December 31, 20192.1 $19.60 
Granted0.7 $25.76 
Vested(0.5)$17.87 
Forfeited(0.4)$20.98 
Unvested at December 31, 20201.9 $22.01 
Granted0.5 $38.76 
Vested(0.5)$20.34 
Forfeited(0.2)$26.54 
Unvested at December 31, 20211.7 $26.82 
______________
(1)The “Conversion impact” represents the additional RSUs issued by Envista as a result of the Separation by applying the “concentration method” to convert RSUs and PSUs based on the ratio of the fair value of Danaher and Envista common stock calculated using the closing prices on December 17, 2019.