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Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 244.0 $ 204.5
Accounts receivable, less allowance for credit losses of $34.9 million and $34.2 million as of June 30, 2023 and December 31, 2022, respectively 490.9 514.8
Inventories 329.2 346.0
Prepaid expenses and other current assets 158.6 152.8
Equity securities measured at fair value 0.0 21.3
Current assets held for sale 53.5 145.6
Total current assets 1,276.2 1,385.0
Property, plant and equipment, net 94.5 92.1
Operating lease right-of-use assets 42.0 44.5
Long-term financing receivables, less allowance for credit losses of $33.3 million and $37.7 million as of June 30, 2023 and December 31, 2022, respectively 265.0 249.8
Other intangible assets, net 606.6 649.7
Goodwill 1,733.9 1,738.7
Other assets 187.4 183.5
Total assets 4,205.6 4,343.3
Current liabilities:    
Short-term borrowings 8.7 4.6
Trade accounts payable 353.9 430.9
Current operating lease liabilities 12.9 13.8
Accrued expenses and other current liabilities 441.7 437.6
Current liabilities held for sale 29.0 43.0
Total current liabilities 846.2 929.9
Long-term operating lease liabilities 31.8 34.0
Long-term debt 2,422.4 2,585.7
Other long-term liabilities 203.8 214.2
Total liabilities 3,504.2 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; 170.3 million and 169.7 million shares issued, and 154.6 million and 156.0 million outstanding as of June 30, 2023 and December 31, 2022, respectively 0.0 0.0
Treasury stock, at cost, 15.7 million and 13.7 million shares as of June 30, 2023 and December 31, 2022, respectively 378.5 328.0
Additional paid-in capital 37.8 27.6
Retained earnings 943.1 770.8
Accumulated other comprehensive income 94.1 106.1
Total Vontier stockholders’ equity 696.5 576.5
Noncontrolling interests 4.9 3.0
Total equity 701.4 579.5
Total liabilities and equity $ 4,205.6 $ 4,343.3