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Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 208.2 $ 204.5
Accounts receivable, less allowance for credit losses of $36.5 million and $34.2 million as of March 31, 2023 and December 31, 2022, respectively 471.4 514.8
Inventories 350.8 346.0
Prepaid expenses and other current assets 164.8 152.8
Equity securities measured at fair value 0.0 21.3
Current assets held for sale 144.3 145.6
Total current assets 1,339.5 1,385.0
Property, plant and equipment, net 92.8 92.1
Operating lease right-of-use assets 42.4 44.5
Long-term financing receivables, less allowance for credit losses of $36.9 million and $37.7 million as of March 31, 2023 and December 31, 2022, respectively 253.8 249.8
Other intangible assets, net 628.3 649.7
Goodwill 1,737.6 1,738.7
Other assets 184.1 183.5
Total assets 4,278.5 4,343.3
Current liabilities:    
Short-term borrowings 8.5 4.6
Trade accounts payable 373.7 430.9
Current operating lease liabilities 13.1 13.8
Accrued expenses and other current liabilities 438.5 437.6
Current liabilities held for sale 49.3 43.0
Total current liabilities 883.1 929.9
Long-term operating lease liabilities 32.1 34.0
Long-term debt 2,521.6 2,585.7
Other long-term liabilities 201.7 214.2
Total liabilities 3,638.5 3,763.8
Commitments and Contingencies (Note 10)
Equity:    
Preferred stock, 15.0 million shares authorized; no par value; no shares issued and outstanding 0.0 0.0
Common stock, 2.0 billion shares authorized; $0.0001 par value; 170.2 million and 169.7 million shares issued, and 155.6 million and 156.0 million outstanding as of March 31, 2023 and December 31, 2022, respectively 0.0 0.0
Treasury stock, at cost, 14.6 million and 13.7 million shares as of March 31, 2023 and December 31, 2022, respectively (346.4) (328.0)
Additional paid-in capital 30.6 27.6
Retained earnings 849.7 770.8
Accumulated other comprehensive income 102.4 106.1
Total Vontier stockholders’ equity 636.3 576.5
Noncontrolling interests 3.7 3.0
Total equity 640.0 579.5
Total liabilities and equity $ 4,278.5 $ 4,343.3