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Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Sep. 29, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 263.6 $ 204.5
Accounts receivable, less allowance for credit losses of $34.4 million and $34.2 million as of September 29, 2023 and December 31, 2022, respectively 523.9 514.8
Inventories 314.3 346.0
Prepaid expenses and other current assets 149.4 152.8
Equity securities measured at fair value 0.0 21.3
Current assets held for sale 52.0 145.6
Total current assets 1,303.2 1,385.0
Property, plant and equipment, net 97.8 92.1
Operating lease right-of-use assets 37.9 44.5
Long-term financing receivables, less allowance for credit losses of $32.5 million and $37.7 million as of September 29, 2023 and December 31, 2022, respectively 272.0 249.8
Other intangible assets, net 584.8 649.7
Goodwill 1,721.9 1,738.7
Other assets 204.3 183.5
Total assets 4,221.9 4,343.3
Current liabilities:    
Short-term borrowings 6.3 4.6
Trade accounts payable 352.1 430.9
Current operating lease liabilities 12.4 13.8
Accrued expenses and other current liabilities 467.6 437.6
Current liabilities held for sale 29.3 43.0
Total current liabilities 867.7 929.9
Long-term operating lease liabilities 28.2 34.0
Long-term debt 2,348.2 2,585.7
Other long-term liabilities 212.8 214.2
Total liabilities 3,456.9 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; 170.5 million and 169.7 million shares issued, and 154.4 million and 156.0 million outstanding as of September 29, 2023 and December 31, 2022, respectively 0.0 0.0
Treasury stock, at cost, 16.1 million and 13.7 million shares as of September 29, 2023 and December 31, 2022, respectively (390.2) (328.0)
Additional paid-in capital 47.9 27.6
Retained earnings 1,029.8 770.8
Accumulated other comprehensive income 72.0 106.1
Total Vontier stockholders’ equity 759.5 576.5
Noncontrolling interests 5.5 3.0
Total equity 765.0 579.5
Total liabilities and equity $ 4,221.9 $ 4,343.3