Fortive (FTV) 10-K27 Feb 202019 FY Annual reportFinancial data

Company Profile

COVER PAGE

COVER PAGE - USD ($) $ in Billions	12 Months Ended
COVER PAGE - USD ($) $ in Billions	Dec. 31, 2019	Feb. 21, 2020	Jun. 28, 2019
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2019
Document Transition Report	false
Entity File Number	1-37654
Entity Registrant Name	FORTIVE CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	47-5654583
Entity Address, Address Line One	6920 Seaway Blvd
Entity Address, City or Town	Everett,
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	98203
City Area Code	425
Local Phone Number	446 - 5000
Title of 12(g) Security	NONE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		336,415,264
Entity Public Float			$ 24.1
Documents Incorporated by Reference	Part III incorporates certain information by reference from the Registrant’s proxy statement for its 2020 annual meeting of stockholders to be filed pursuant to Regulation 14A within 120 days after Registrant’s fiscal year-end. With the exception of the sections of the 2020 Proxy Statement specifically incorporated herein by reference, the 2020 Proxy Statement is not deemed to be filed as part of this Form 10-K.
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Entity Central Index Key	0001659166
Current Fiscal Year End Date	--12-31
Common stock, par value $0.01 per share
Entity Information [Line Items]
Title of 12(b) Security	Common stock, par value $0.01 per share
Trading Symbol	FTV
Security Exchange Name	NYSE
5% Mandatory convertible preferred stock, Series A, par value $0.01 per share
Entity Information [Line Items]
Title of 12(b) Security	5% Mandatory convertible preferred stock, Series A, par value $0.01 per share
Trading Symbol	FTV. PRA
Security Exchange Name	NYSE

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and equivalents	$ 1,205.2	$ 1,178.4
Accounts receivable less allowance for doubtful accounts of $59.8 million and $54.9 million at December 31, 2019 and December 31, 2018, respectively	1,384.5	1,195.1
Inventories	640.3	574.5
Prepaid expenses and other current assets	455.6	193.2
Current assets, discontinued operations	3.2	30
Total current assets	3,688.8	3,171.2
Property, plant and equipment, net	519.5	576.1
Operating lease right-of-use assets	206.8
Other assets	779.6	548.9
Goodwill	8,399.3	6,133.1
Other intangible assets, net	3,845	2,476.3
Total assets	17,439	12,905.6
Current liabilities:
Current portion of long-term debt	1,500	455.6
Trade accounts payable	765.5	706.5
Current operating lease liabilities	54.9
Accrued expenses and other current liabilities	1,146.8	999.3
Current liabilities, discontinued operations	0	30.7
Total current liabilities	3,467.2	2,192.1
Operating lease liabilities	159
Other long-term liabilities	1,584.2	1,125.9
Long-term debt	4,828.4	2,974.7
Commitments and Contingencies
Equity:
Preferred stock: $0.01 par value, 15.0 million shares authorized; 5.0% Mandatory convertible preferred stock, series A, 1.4 million shares designated, issued and outstanding at December 31, 2019 and December 31, 2018	0	0
Common stock: $0.01 par value, 2.0 billion shares authorized; 336.9 and 335.1 million issued; 336.0 and 334.5 million outstanding at December 31, 2019 and December 31, 2018, respectively	3.4	3.4
Additional paid-in capital	3,311.1	3,126
Retained earnings	4,128.8	3,552.7
Accumulated other comprehensive income (loss)	(56.3)	(86.6)
Total Fortive stockholders’ equity	7,387	6,595.5
Noncontrolling interests	13.2	17.4
Total stockholders’ equity	7,400.2	6,612.9
Total liabilities and equity	$ 17,439	$ 12,905.6

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 59.8	$ 54.9
Preferred stock rate	5.00%	5.00%
Preferred stock authorized (in dollars per shares)	$ 0.01	$ 0.01
Preferred stock authorized (in shares)	15,000,000	15,000,000
Preferred stock issued (in shares)	1,400,000	1,400,000
Preferred stock outstanding (in shares)	1,400,000	1,400,000
Common stock authorized (in dollars per shares)	$ 0.01	$ 0.01
Common stock authorized (in shares)	2,000,000,000	2,000,000,000
Common stock issued (in shares)	336,900,000	335,100,000
Common stock outstanding (in shares)	336,000,000	334,500,000

Consolidated Statements of Earn

Consolidated Statements of Earnings - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Sales	$ 7,320	$ 6,452.7	$ 5,756.1
Cost of sales	(3,639.7)	(3,131.4)	(2,834.7)
Gross profit	3,680.3	3,321.3	2,921.4
Operating costs:
Selling, general, and administrative expenses	(2,219.5)	(1,728.6)	(1,409.1)
Research and development expenses	(456.7)	(414.3)	(369.3)
Operating profit	1,004.1	1,178.4	1,143
Non-operating expenses, net:
Gains from acquisition and combination of business	40.8	0	15.3
Interest expense, net	(164.2)	(97)	(88.7)
Other non-operating expenses, net	(6.2)	(3)	4
Earnings from continuing operations before income taxes	874.5	1,078.4	1,073.6
Income taxes	(149.1)	(160.1)	(189.3)
Net earnings from continuing operations	725.4	918.3	884.3
Earnings from discontinued operations, net of income taxes	13.5	1,995.5	160.2
Net earnings	738.9	2,913.8	1,044.5
Mandatory convertible preferred dividends	(69)	(34.9)	0
Net earnings attributable to common stockholders	$ 669.9	$ 2,878.9	$ 1,044.5
Net earnings per common share from continuing operations:
Net earnings per share from continuing operations, Basic (in dollars per share)	$ 1.95	$ 2.56	$ 2.54
Net earnings per share from continuing operations, Diluted (in dollars per share)	1.93	2.52	2.51
Net earnings per common share from discontinued operations:
Net earnings per share from discontinued operations, Basic (in dollars per share)	0.04	5.78	0.46
Net earnings per share from discontinued operations, Diluted (in dollars per share)	0.04	5.69	0.45
Net earnings per common share:
Net earnings per share, Basic (in dollars per share)	1.99	8.33	3.01
Net earnings per share, Diluted (in dollars per share)	$ 1.97	$ 8.21	$ 2.96
Average common stock and common equivalent shares outstanding:
Average common stock and common equivalent shares outstanding, Basic (in shares)	335.8	345.5	347.5
Average common stock and common equivalent shares outstanding, Diluted (in shares)	340	350.7	352.6
Products
Sales	$ 6,396.9	$ 5,755	$ 5,173.3
Cost of sales	(3,050.8)	(2,657.2)	(2,440.3)
Services
Sales	923.1	697.7	582.8
Cost of sales	$ (588.9)	$ (474.2)	$ (394.4)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement of Comprehensive Income [Abstract]
Net earnings	$ 738.9	$ 2,913.8	$ 1,044.5
Other comprehensive income (loss), net of income taxes:
Foreign currency translation adjustments	50.5	(127.3)	136.6
Pension adjustments	(20.2)	3.6	1.6
Total other comprehensive income (loss), net of income taxes	30.3	(123.7)	138.2
Comprehensive income	$ 769.2	$ 2,790.1	$ 1,182.7

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Preferred Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2016		345.9	0
Beginning balance at Dec. 31, 2016		$ 3.5	$ 0	$ 2,427.2	$ 403	$ (145.8)	$ 3.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings for the period	$ 1,044.5				1,044.5
Dividends to common shareholders					(97.2)
Non-cash adjustment to Net Former Parent investment				(50.2)
Other comprehensive income (loss)	138.2					138.2
Common stock-based award activity (in shares)		1.9
Common stock-based award activity				67.1
Issuance of mandatory convertible preferred stock	0
Changes in noncontrolling interests							14.8
Ending balance (in shares) at Dec. 31, 2017		347.8	0
Ending balance at Dec. 31, 2017		$ 3.5	$ 0	2,444.1	1,350.3	(7.6)	17.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings for the period	2,913.8				2,913.8
Dividends to common shareholders	(96.6)				(96.6)
Mandatory convertible preferred dividends	(34.9)				(34.9)
Non-cash adjustment to Net Former Parent investment				9.1
Other comprehensive income (loss)	(123.7)					(123.7)
Common stock-based award activity (in shares)		2.5
Common stock-based award activity		$ 0.1		95.7
Issuance of mandatory convertible preferred stock (in shares)			1.4
Issuance of mandatory convertible preferred stock	1,337.4			1,337
Split-off of A&S Business (in shares)		(15.8)
Split-off of A&S Business	44.7	$ (0.2)		(759.9)	(576)	44.7
Changes in noncontrolling interests							(0.5)
Ending balance (in shares) at Dec. 31, 2018		334.5	1.4
Ending balance at Dec. 31, 2018	6,612.9	$ 3.4	$ 0	3,126	3,552.7	(86.6)	17.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings for the period	738.9				738.9
Dividends to common shareholders	(93.8)				(93.8)
Mandatory convertible preferred dividends	(69)				(69)
Other comprehensive income (loss)	30.3					30.3
Common stock-based award activity (in shares)		1.5
Common stock-based award activity				88.8
Issuance of mandatory convertible preferred stock	0
Issuance of 0.875% senior convertible notes due 2022				100.4
Changes in noncontrolling interests							(4.2)
Net transfers to Former Parent				(4.1)			0
Ending balance (in shares) at Dec. 31, 2019		336	1.4
Ending balance at Dec. 31, 2019	$ 7,400.2	$ 3.4	$ 0	$ 3,311.1	$ 4,128.8	$ (56.3)	$ 13.2

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net earnings from continuing operations	$ 725.4	$ 918.3	$ 884.3
Noncash items:
Depreciation	133.3	125.7	93.3
Amortization	292.9	135.1	65
Stock-based compensation expense	61.4	50.8	44.2
Gains from acquisition and combination of business	(40.8)	0	(15.3)
Impairment charges on intangible assets	0	1.1	2.3
Gain on sale of property	0	0	(8)
Change in deferred income taxes	13.9	7.7	(61)
Change in accounts receivable, net	(166.9)	(105.9)	(55.4)
Change in inventories	118.8	(73.4)	17.5
Change in trade accounts payable	53.7	76.2	17.7
Change in prepaid expenses and other assets	(163.7)	63.3	(100.5)
Change in accrued expenses and other liabilities	256.9	2.4	136
Total operating cash provided by continuing operations	1,284.9	1,201.3	1,020.1
Total operating cash provided by (used in) discontinued operations	(13.5)	143.1	156.3
Net cash provided by operating activities	1,271.4	1,344.4	1,176.4
Cash flows from investing activities:
Cash paid for acquisitions, net of cash received	(3,943.9)	(2,815.1)	(1,556.6)
Payments for additions to property, plant and equipment	(112.5)	(112.3)	(111.1)
Proceeds from sale of property	0	0	21.5
All other investing activities	1.8	(42.1)	1.5
Total investing cash used in continuing operations	(4,054.6)	(2,969.5)	(1,644.7)
Total investing cash provided by (used in) discontinued operations	0	1,002.9	(25)
Net cash used in investing activities	(4,054.6)	(1,966.6)	(1,669.7)
Cash flows from financing activities:
Net proceeds from (repayments of) commercial paper borrowings	494.8	(266.1)	556.2
Proceeds from borrowings (maturities greater than 90 days), net of $24.3 million of issuance costs in 2019	2,913.2	1,750	125.9
Repayment of borrowings (maturities greater than 90 days)	(455.3)	(1,850)	0
Proceeds from issuance of mandatory convertible preferred stock, net of $43.0 million of issuance costs	0	1,337.4	0
Payment of common stock cash dividend to shareholders	(93.8)	(96.6)	(97.2)
Payment of mandatory convertible preferred stock cash dividend to shareholders	(69)	(34.9)	0
All other financing activities	13	39.3	13.4
Total financing cash provided by continuing operations	2,802.9	879.1	598.3
Total financing cash provided by discontinued operations	0	0	1.4
Net cash provided by financing activities	2,802.9	879.1	599.7
Effect of exchange rate changes on cash and equivalents	7.1	(40.6)	52.5
Net change in cash and equivalents	26.8	216.3	158.9
Beginning balance of cash and equivalents	1,178.4	962.1	803.2
Ending balance of cash and equivalents	$ 1,205.2	$ 1,178.4	$ 962.1

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)
Statement of Cash Flows [Abstract]
Payments of debt issuance costs	$ 24.3

Business Overview and Basis for

Business Overview and Basis for Presentation	12 Months Ended
Business Overview and Basis for Presentation	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business Overview and Basis for Presentation	NOTE 1. BUSINESS OVERVIEW AND BASIS FOR PRESENTATION Fortive Corporation (“Fortive” or “the Company”) is a diversified industrial technology growth company encompassing businesses that are recognized leaders in attractive markets. Our well-known brands hold leading positions in field solutions, product realization, sensing technologies, health, transportation technologies, and franchise distribution. Our businesses design, develop, service, manufacture and market professional and engineered products, software and services for a variety of end markets, building upon leading brand names, innovative technology and significant market positions. Fortive separated from Danaher Corporation (“Danaher”) on July 2, 2016 (the “Separation”). Our research and development, manufacturing, sales, distribution, service and administrative facilities are located in 50 countries. We report our results in two separate business segments consisting of Professional Instrumentation and Industrial Technologies. Our Professional Instrumentation segment consists of our Advanced Instrumentation & Solutions, Sensing Technologies, and Advanced Sterilization Products and Censis businesses. The Advanced Instrumentation & Solutions businesses provide product realization and field solutions services and products. Our field solutions products include a variety of compact professional test tools, thermal imaging and calibration equipment for electrical, industrial, electronic and calibration applications, online condition-based monitoring equipment; portable gas detection equipment, consumables, and software as a service (SaaS) offerings including safety/user behavior, asset management, environmental, health and safety (EHS) quality management and compliance monitoring; subscription-based technical, analytical, and compliance services to determine occupational and environmental radiation exposure; and software, data analytics and services for critical infrastructure in utility, industrial, energy, construction, facilities management, public safety, mining, EHS, and healthcare applications. Our product realization services and products help developers and engineers across the end-to-end product creation cycle from concepts to finished products. Our test, measurement and monitoring products are used in the design, manufacturing and development of electronics, industrial, and other advanced technologies. Our Sensing Technologies business offers devices that sense, monitor and control operational or manufacturing variables, such as temperature, pressure, level, flow, turbidity, and conductivity. Users of these products span a wide variety of industrial and manufacturing markets, including medical equipment, food and beverage, marine, industrial, off-highway vehicles, building automation, and semiconductors. Our Advanced Sterilization Products (“ASP”) business provides critical sterilization and disinfection solutions, including low-temperature hydrogen peroxide sterilization solutions for temperature-sensitive equipment, to advance infection prevention and patient safety in healthcare facilities. Our Censis business provides subscription-based surgical inventory management systems to healthcare facilities to facilitate inventory management and regulatory compliance. Our Industrial Technologies segment consists of our Transportation Technologies and Franchise Distribution businesses. Our Transportation Technologies business is a leading worldwide provider of solutions and services focused on fuel dispensing, remote fuel management, point-of-sale and payment systems, environmental compliance, vehicle tracking and fleet management, and traffic management. Our Franchise Distribution business manufactures and distributes professional tools and a full-line of wheel service equipment. On September 4, 2019, we announced our intention to separate into two independent, publicly traded companies subject to the satisfaction of certain conditions, including obtaining final approval from our Board of Directors. The separation will create (i) an industrial technology company, retaining the Fortive name, with a differentiated portfolio of growth-oriented businesses focused on connected workflow solutions that incorporate advanced sensors, instrumentation, software, data and analytics, and (ii) a global industrial company (“Vontier”) consisting of our Transportation Technologies and Franchise Distribution platforms with a focus on growth opportunities in the rapidly evolving transportation and mobility markets. The separation is expected to be structured in a tax-efficient manner and completed in the second half of 2020. All assets, liabilities, revenues and expenses of the businesses comprising Vontier are included in continuing operations in the accompanying consolidated financial statements. On October 1, 2018, we completed the split-off of businesses in our automation and specialty platform (excluding our Hengstler and Dynapar businesses) (the “A&S Business”) to our shareholders who elected to exchange shares of our common stock for all issued and outstanding shares of Stevens Holding Company, Inc. (“Stevens”), the entity we incorporated to hold the A&S Business. The split-off was immediately followed by the merger of Stevens with a subsidiary of Altra Industrial Motion Corp. (“Altra”). Our shareholders who participated in the exchange offer tendered approximately 15.8 million shares of our common stock in exchange for 35.0 million shares of Altra. Concurrently with such split-off, we sold directly to Altra the remainder of the assets and liabilities of A&S Business that were not otherwise contributed to Stevens. Accordingly, the A&S Business has been reported as discontinued operations in our Consolidated Statements of Earnings, and the related assets and liabilities have been presented as assets and liabilities of discontinued operations in the Consolidated Balance Sheets for all periods presented. Unless otherwise noted, discussion within these notes to the consolidated financial statements relates to continuing operations. Refer to Note 4 for additional information on discontinued operations. The accompanying consolidated financial statements present our historical financial position, results of operations, changes in equity and cash flows in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Certain reclassifications have been made to prior year financial information to conform to the current period presentation. Unless otherwise indicated, all amounts in the notes to the consolidated financial statements refer to continuing operations. The financial statements include our accounts and the accounts of our subsidiaries. All intercompany balances and transactions have been eliminated upon consolidation. The consolidated financial statements also reflect the impact of noncontrolling interests. Noncontrolling interests do not have a significant impact on our consolidated results of operations; therefore, net earnings and net earnings per share attributable to noncontrolling interests are not presented separately in our Consolidated Statements of Earnings. Net earnings attributable to noncontrolling interests have been reflected in Selling, general, and administrative expenses and were insignificant in all periods presented.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
Summary of Significant Accounting Policies	Dec. 31, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Use of Estimates —The preparation of financial statements in conformity with GAAP requires management to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. We base these estimates on historical experience, the current economic environment and on various other assumptions that are believed to be reasonable under the circumstances. However, uncertainties associated with these estimates exist and actual results may differ from these estimates. Cash and Equivalents —We consider all highly liquid investments with a maturity of three months or less at the date of purchase to be cash equivalents. Accounts Receivable and Allowances for Doubtful Accounts —Accounts receivable is reported in the accompanying Consolidated Balance Sheets adjusted for any write-offs and net of allowances for doubtful accounts. The allowances for doubtful accounts represent management’s best estimate of the credit losses expected from our trade accounts, contract and financing receivable portfolios. Determination of the allowances requires management to exercise judgment about the timing, frequency and severity of credit losses that could materially affect the provision for credit losses and, therefore, net earnings. We regularly perform detailed reviews of our portfolios to determine if an impairment has occurred and evaluate the collectability of receivables based on a combination of financial and qualitative factors that may affect customers’ ability to pay, including customers’ financial condition, collateral, debt-servicing ability, past payment experience and credit bureau information. In circumstances where we are aware of a specific customer’s inability to meet its financial obligations, a specific reserve is recorded against amounts due to reduce the recognized receivable to the amount reasonably expected to be collected. Additions to the allowances for doubtful accounts are charged to current period earnings, amounts determined to be uncollectible are charged directly against the allowances, while amounts recovered on previously written-off accounts increase the allowances. If the financial condition of our customers were to deteriorate, resulting in an impairment of their ability to make payments, additional reserves would be required. We do not believe that accounts receivable represent significant concentrations of credit risk because of the diversified portfolio of individual customers and geographical areas. We recorded $64 million , $49 million and $38 million of expense associated with doubtful accounts for the years ended December 31, 2019 , 2018 , and 2017 , respectively. Included in other assets on the Consolidated Balance Sheets as of December 31, 2019 and 2018 are $278 million and $263 million of net aggregate financing receivables, respectively. Financing receivables are evaluated for impairment collectively in broad groupings that represent homogeneous portfolios based on the underlying nature and risks. Inventory Valuation —Inventories include the costs of material, labor and overhead. Domestic inventories are stated at the lower of cost or net realizable value primarily using the first-in, first-out (“FIFO”) method with certain businesses applying the last-in, first-out method (“LIFO”) to value inventory. Inventories held outside the United States are stated at the lower of cost or net realizable value primarily using the FIFO method. Property, Plant and Equipment —Property, plant and equipment are carried at cost. The provision for depreciation has been computed principally by the straight-line method based on the estimated useful lives of the depreciable assets as follows: Category Useful Life Buildings 30 years Leased assets and leasehold improvements Amortized over the lesser of the economic life of the asset or the term of the lease Machinery and equipment 3 – 10 years Estimated useful lives are periodically reviewed and, when appropriate, changes to estimates are made prospectively. Amortization of capital lease assets is included in depreciation expense as a component of Selling, general, and administrative expenses in the Consolidated Statements of Earnings. Equity Method Investments —Investments and ownership interests are accounted for under equity method accounting if we have the ability to exercise significant influence, but don’t have a controlling financial interest. We record our interest in the net earnings of our equity method investees within Other non-operating expenses, net in the Consolidated Statements of Earnings. We record our interest in the net earnings of our equity method investments based on the most recently available financial statements of the investees. The carrying amount of the investment in equity interests is adjusted to reflect our interest in net earnings and dividends received. We review the investments for impairment whenever factors indicate that the carrying amount of the investment might not be recoverable. In such a case, the decrease in value is recognized in the period the impairment occurs in the Consolidated Statement of Earnings. Other Assets —Other assets principally include noncurrent financing receivables, contract assets, deferred tax assets, and other investments. Fair Value of Financial Instruments —Our financial instruments consist primarily of accounts receivable and obligations under trade accounts payable and short and long-term debt. Due to their short-term nature, the carrying values for accounts receivable, trade accounts payable, and short-term debt approximate fair value. Refer to Note 8 for the fair values of our other obligations. Goodwill and Other Intangible Assets —Goodwill and other intangible assets result from our acquisition of existing businesses. In accordance with accounting standards related to business combinations, goodwill and indefinite-lived intangible assets are not amortized; however, certain definite-lived identifiable intangible assets, primarily customer relationships and acquired technology, are amortized over their estimated useful lives. In-process research and development (“IPR&D”) is initially capitalized at fair value and when the IPR&D project is complete, the asset is considered a finite-lived intangible asset and amortized over its estimated useful life. If an IPR&D project is abandoned, an impairment loss equal to the value of the intangible asset is recorded in the period of abandonment. We review identified intangible assets for impairment whenever events or changes in circumstances indicate that the related carrying amounts may not be recoverable. We also test intangible assets with indefinite lives and goodwill at least annually for impairment. Refer to Note 3 and Note 7 for additional information about our goodwill and other intangible assets. Revenue Recognition —As described above, we derive revenues primarily from the sale of Professional Instrumentation and Industrial Technologies products and services. Revenue is recognized when control of promised products or services is transferred to customers in an amount that reflects the consideration we expect to be entitled to in exchange for those products or services. Product Sales include revenues from the sale of products and equipment, which includes our software as a service product offerings and equipment rentals. Service Sales include revenues from extended warranties, post-contract customer support, maintenance contracts or services, contract labor to perform ongoing service at a customer location, and services related to previously sold products. For revenue related to a product or service to qualify for recognition, we must have an enforceable contract with a customer that defines the goods or services to be transferred and the payment terms related to those goods or services. Further, collection of substantially all consideration for the goods or services transferred must be probable based on the customer’s intent and ability to pay the promised consideration. We apply judgment in determining the customer’s ability and intention to pay, which is based on a combination of financial and qualitative factors, including the customer’s financial condition, collateral, debt-servicing ability, past payment experience, and credit bureau information. Customer allowances and rebates, consisting primarily of volume discounts and other short-term incentive programs, are considered in determining the transaction price for the contract; these allowances and rebates are reflected as a reduction in the contract transaction price. Significant judgment is exercised in determining product returns, customer allowances, and rebates, and are estimated based on historical experience and known trends. Most of our sales contracts contain standard terms and conditions. We evaluate contracts to identify distinct goods and services promised in the contract (performance obligations). Sometimes this evaluation involves judgment to determine whether the goods or services are highly dependent on or highly interrelated with one another, or whether such goods or services significantly modify or customize one another. Certain customer arrangements include multiple performance obligations, typically hardware, installation, training, consulting, services and/or post contract support (“PCS”). Generally, these elements are delivered within the same reporting period, except PCS or other services. We allocate the contract transaction price to each performance obligation using the observable price that the good or service sells for separately in similar circumstances and to similar customers, and/or a residual approach when the observable selling price of a good or service is not known and is either highly variable or uncertain. Allocating the transaction price to each performance obligation sometimes requires significant judgment. Our principal terms of sale are FOB Shipping Point, or equivalent, and, as such, we primarily record revenue upon shipment as we have transferred control to the customer at that point and our performance obligations are satisfied. We evaluate contracts with delivery terms other than FOB Shipping Point and recognize revenue when we have transferred control and satisfied our performance obligations. If any significant obligation to the customer with respect to a sales transaction remains to be fulfilled following shipment (typically installation, other services noted above, or acceptance by the customer), revenue recognition is deferred until such obligations have been fulfilled. Further, revenue related to separately priced extended warranty and product maintenance agreements is deferred when appropriate and recognized as revenue over the term of the agreement. Shipping and Handling —Shipping and handling costs are included as a component of Cost of sales in the Consolidated Statements of Earnings. Revenue derived from shipping and handling costs billed to customers is included in Sales in the Consolidated Statements of Earnings. Advertising —Advertising costs are expensed as incurred. Research and Development —We conduct research and development activities for the purpose of developing new products, enhancing the functionality, effectiveness, ease of use, and reliability of our existing products and expanding the applications for which uses of our products are appropriate. Research and development costs are expensed as incurred. Restructuring —We periodically initiate restructuring activities to appropriately position our cost base relative to prevailing economic conditions and associated customer demand, as well as in connection with certain acquisitions. Costs associated with restructuring actions can include one-time termination benefits and related charges in addition to facility closure, contract termination and other related activities. We record the cost of the restructuring activities when the associated liability is incurred. Refer to Note 15 for additional information. Foreign Currency Translation and Transactions —Exchange rate adjustments resulting from foreign currency transactions are recognized in Net earnings, whereas effects resulting from the translation of financial statements are reflected as a component of Accumulated other comprehensive income (loss) within Stockholders’ equity. Assets and liabilities of subsidiaries operating outside the United States with a functional currency other than U.S. dollars are translated into U.S. dollars using year end exchange rates and income statement accounts are translated at weighted average exchange rates. Net foreign currency transaction gains or losses were not material in any of the years presented. Accounting for Stock-Based Compensation —We account for stock-based compensation by measuring the cost of employee services received in exchange for all equity awards granted, including stock options, restricted stock units (“RSUs”), and performance stock units (“PSUs”), based on the fair value of the award as of the grant date. Equity-based compensation expense is recognized net of an estimated forfeiture rate on a straight-line basis over the requisite service period of the award, except that in the case of RSUs, compensation expense is recognized using an accelerated attribution method. Refer to Note 17 for additional information on the stock-based compensation plans. Income Taxes —In accordance with GAAP, deferred tax assets and liabilities are determined based on the difference between the financial statement and tax basis of assets and liabilities using enacted rates expected to be in effect during the year in which the differences reverse. Deferred tax assets generally represent items that can be used as a tax deduction or credit in our tax return in future years for which the tax benefit has already been reflected on our Consolidated Statements of Earnings. Deferred tax liabilities generally represent items that have already been taken as a deduction on our tax return but have not yet been recognized as an expense in our Consolidated Statements of Earnings. The effect on deferred tax assets and liabilities due to a change in tax rates is recognized in income tax expense in the period that includes the enactment date. Our deferred tax assets are reduced by a valuation allowance if, based on the weight of available evidence, it is more likely than not (a likelihood of more than 50 percent) that some portion or all of the deferred tax assets will not be realized. We evaluate the realizability of deferred income tax assets for each of the jurisdictions in which we operate. If we experience cumulative pretax income in a particular jurisdiction in the three-year period including the current and prior two years, we normally conclude that the deferred income tax assets will more likely than not be realizable and no valuation allowance is recognized, unless known or planned operating developments would lead management to conclude otherwise. However, if we experience cumulative pretax losses in a particular jurisdiction in the three-year period including the current and prior two years, we then consider a series of factors in the determination of whether the deferred income tax assets can be realized. These factors include historical operating results, known or planned operating developments, the period of time over which certain temporary differences will reverse, consideration of the utilization of certain deferred income tax liabilities, tax law carryback capability in the particular country, and prudent and feasible tax planning strategies. After evaluation of these factors, if the deferred income tax assets are expected to be realized within the tax carryforward period allowed for that specific country, we would conclude that no valuation allowance would be required. To the extent that the deferred income tax assets exceed the amount that is expected to be realized within the tax carryforward period for a particular jurisdiction, we establish a valuation allowance. We recognize tax benefit from uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such positions are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. Judgment is required in evaluating tax positions and determining income tax provisions. We reevaluate the technical merits of our tax positions and may recognize an uncertain tax benefit in certain circumstances, including when: (1) a tax audit is completed; (2) applicable tax laws change, including a tax case ruling or legislative guidance; or (3) the applicable statute of limitations expires. We recognize potential accrued interest and penalties associated with unrecognized tax positions in income tax expense. Refer to Note 14 for additional information. Accumulated Other Comprehensive Income (Loss) —Foreign currency translation adjustments are generally not adjusted for income taxes as they relate to indefinite investments in non-U.S. subsidiaries. We have designated our Euro-denominated commercial paper and ¥13.8 billion senior unsecured term facility loan as net investment hedges of our investment in certain foreign operations. Accordingly, foreign currency transaction gains or losses on the debt are deferred in the foreign currency translation component of Accumulated other comprehensive income (loss) (“AOCI”) as an offset to the foreign currency translation adjustments on our investments in foreign subsidiaries. We recognized gains of $5.7 million and $9.4 million for the years ended December 31, 2019 and December 31, 2018 , respectively, and losses of $18.8 million for the year ended December 31, 2017 in Other comprehensive income (loss) related to the net investment hedges. Any amounts deferred in AOCI will remain until the hedged investment is sold or substantially liquidated. The Company recorded no ineffectiveness from its net investment hedges during the years ended December 31, 2019 , 2018 , and 2017 . The changes in AOCI by component are summarized below ($ in millions): Foreign Pension & post- (b) Total Balance, January 1, 2017 $ (72.6 ) $ (73.2 ) $ (145.8 ) Other comprehensive income (loss) before reclassifications: Increase (decrease) 136.6 (3.5 ) 133.1 Income tax impact — 0.9 0.9 Other comprehensive income (loss) before reclassifications, net of income taxes 136.6 (2.6 ) 134.0 Amounts reclassified from accumulated other comprehensive income (loss): Increase — 5.5 (a) 5.5 Income tax impact — (1.3 ) (1.3 ) Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes: — 4.2 4.2 Net current period other comprehensive income (loss): 136.6 1.6 138.2 Balance, December 31, 2017 $ 64.0 $ (71.6 ) $ (7.6 ) Other comprehensive income (loss) before reclassifications: Increase (decrease) (127.3 ) 0.3 (127.0 ) Income tax impact — (0.2 ) (0.2 ) Other comprehensive income (loss) before reclassifications, net of income taxes (127.3 ) 0.1 (127.2 ) Amounts reclassified from accumulated other comprehensive income (loss): Increase — 4.3 (a) 4.3 Income tax impact — (0.8 ) (0.8 ) Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes — 3.5 3.5 Net current period other comprehensive income (loss) (127.3 ) 3.6 (123.7 ) Divestiture of A&S Business 34.0 10.7 44.7 Balance, December 31, 2018 $ (29.3 ) $ (57.3 ) $ (86.6 ) Other comprehensive income (loss) before reclassifications: Increase (decrease) 50.5 (29.8 ) 20.7 Income tax impact — 7.3 7.3 Other comprehensive income (loss) before reclassifications, net of income taxes 50.5 (22.5 ) 28.0 Amounts reclassified from accumulated other comprehensive income (loss): Increase — 3.1 (a) 3.1 Income tax impact — (0.8 ) (0.8 ) Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes: — 2.3 2.3 Net current period other comprehensive income (loss) 50.5 (20.2 ) 30.3 Balance, December 31, 2019 $ 21.2 $ (77.5 ) $ (56.3 ) (a) This component of AOCI is included in the computation of net periodic pension cost (refer to Note 12 for additional details) and also includes activity related to the divestiture of the A&S Business. (b) Includes balances relating to employee defined benefit plans, supplemental executive retirement plans, and other postretirement employee benefit plans. Pension —We measure our pension assets and obligations to determine the funded status as of December 31st each year, and recognize an asset for an overfunded status or a liability for an underfunded status in our Consolidated Balance Sheets. Changes in the funded status of the pension plans are recognized in the year in which the changes occur and are reported in Other comprehensive income (loss). Refer to Note 12 for additional information on our pension plans including a discussion of actuarial assumptions, our policy for recognizing associated gains and losses, and the method used to estimate service and interest cost components. New Accounting Standards In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , which amends the impairment model by requiring entities to use a forward-looking approach, based on expected losses, to estimate credit losses on certain types of financial instruments, including trade receivables. This standard was effective for us beginning January 1, 2020. Upon adoption of this standard, we expect to record an adjustment to beginning retained earnings that largely represents expected losses on our trade accounts receivables, financing receivables, and unbilled receivables in contract assets that have not aged to a date that could indicate an incurred loss. We do not expect this standard to have material impacts on our future results of operations.

Acquisitions

Acquisitions	12 Months Ended
Acquisitions	Dec. 31, 2019
Business Combinations [Abstract]
Acquisitions	NOTE 3. ACQUISITIONS We continually evaluate potential mergers, acquisitions and divestitures that align with our strategy and expedite the evolution of our portfolio of businesses into new and attractive areas. We have completed a number of acquisitions that have been accounted for as purchases of businesses and resulted in the recognition of goodwill in our financial statements. This goodwill arises because the purchase price for each acquired business reflects a number of factors including the complimentary fit, acceleration of our strategy and synergies the business brings with respect to our existing operations, the future earnings and cash flow potential of the business, the potential to add other strategically complimentary acquisitions to the acquired business, the scarce or unique nature of the business in its markets, competition to acquire the business, the valuation of similar businesses in the marketplace (as reflected in a multiple of revenues, earnings, or cash flows), and the avoidance of the time and costs which would be required (and the associated risks that would be encountered) to enhance our existing offerings to key target markets and develop new and profitable businesses. We make an initial allocation of the purchase price at the date of acquisition based on our understanding of the fair value of the acquired assets and assumed liabilities. We obtain this information during due diligence and through other sources. In the months after closing, as we obtain additional information about these assets and liabilities, including through tangible and intangible asset appraisals, and learn more about the newly acquired business, we are able to refine the estimates of fair value and more accurately allocate the purchase price. Only items identified as of the acquisition date are considered for subsequent adjustment. We are in the process of obtaining valuations of certain acquired assets and evaluating the tax impact of certain acquisitions. We make appropriate adjustments to purchase price allocations prior to completion of the applicable measurement period, as required. The following describes our acquisition activity for the years ended December 31, 2019 , 2018 , and 2017 . Completed Acquisitions in 2019 Advanced Sterilization Products On April 1, 2019 (the “Principal Closing Date”), we acquired the Advanced Sterilization Products business (“ASP”) of Johnson & Johnson, a New Jersey corporation (“Johnson & Johnson”) for an aggregate purchase price of $2.7 billion (the “Transaction”), subject to certain post-closing adjustments set forth in a Stock and Asset Purchase Agreement, dated effective as of June 6, 2018, between the Company and Ethicon, Inc., a New Jersey corporation (“Ethicon”) and a wholly-owned subsidiary of Johnson & Johnson. ASP engages in the research, development, manufacture, marketing, distribution, and sale of low-temperature terminal sterilization and high-level disinfection products. ASP generated annual revenues of approximately $800 million in 2018. On the Principal Closing Date, we paid $2.7 billion in cash and obtained the transferred assets and assumed liabilities in 20 countries (“Principal Countries”), general patent and trademark assignments, and all transferred equity interests in ASP. ASP has operations in an additional 39 countries (“Non-Principal Countries”). The transferred assets and liabilities associated with these operations close when requirements of country-specific agreements or regulatory approvals are satisfied. The $2.7 billion purchase price was paid in exchange for ASP’s businesses in both Principal and Non-Principal Countries. As of December 31, 2019, we have closed 20 Principal Countries and four Non-Principal Countries that, in aggregate, accounted for approximately 98% of the preliminary valuation of ASP. The remaining Non-Principal Countries represent approximately 2% of the preliminary valuation of ASP, or $50 million , which is included as a prepaid asset in Other assets in the Consolidated Balance Sheet. As each Non-Principal Country closes, we will reduce the prepaid asset and record the fair value of the assets acquired and liabilities assumed. All of the provisional goodwill associated with the Transaction is included in goodwill at December 31, 2019; the majority of the provisional goodwill is tax deductible. In addition, the Company entered into a transition services agreement with Johnson & Johnson for certain administrative and operational services, and distribution agreements in the Non-Principal Countries that have not been closed. Under the distribution agreements, ASP will sell finished goods to Ethicon at prices agreed by the parties. ASP will recognize these sales as revenue when the conditions for revenue recognition are met. Following the sale of finished goods by ASP, Ethicon obtains title of the finished goods, has full authority to sell and market the finished goods to end customers as it sees fit, and retains any revenue and profit from sale. Revenue and operating loss attributable to ASP for the year ended December 31, 2019 were $525 million and $111 million , respectively, and are included in our Professional Instrumentation segment beginning April 1, 2019. Operating loss includes amortization of intangible assets, acquisition-related fair value adjustments, and post-close transaction and integration costs associated with the Transaction of $230 million during the year ended December 31, 2019. We incurred approximately $86 million of pretax transaction and integration related costs recorded in Selling, general, and administrative expenses during the year ended December 31, 2019 which were primarily for banking fees, legal fees, and amounts paid to other third-party advisers. During the year ended December 31, 2018, we incurred $42 million of pretax transaction and integration costs related to the ASP Transaction. The following table summarizes the provisional fair value estimates of the assets acquired and liabilities assumed of Principal and Non-Principal Countries that have been transferred to ASP as of December 31, 2019; we did not acquire accounts receivable or accounts payable from Johnson & Johnson ($ in millions): Advanced Sterilization Products Inventories $ 173.8 Property, plant and equipment 45.7 Goodwill 1,420.3 Other intangible assets, primarily customer relationships, trade names and technology 1,120.0 Other assets and liabilities, net (73.4 ) Total consideration allocated to closed Principal and Non-Principal Countries 2,686.4 Prepaid acquisition asset related to remaining Non-Principal Countries 50.1 Net cash consideration $ 2,736.5 Other Acquisitions and Investments In addition to the acquisition of ASP, during 2019, we acquired four businesses including Intelex Technologies, Pruftechnik, and Censis Technologies, for total consideration of $1.2 billion in cash, net of cash acquired. The businesses acquired complement existing units of our Professional Instrumentation segment. We preliminarily recorded an aggregate of $773 million of goodwill related to these acquisitions. Approximately $21 million of goodwill associated with these acquisitions is tax deductible. Additionally, we made an additional equity investment of $4 million during 2019 . The aggregate annual sales of these businesses in 2018 were approximately $191 million . We incurred approximately $17 million of pretax transaction-related costs recorded in Selling, general, and administrative expenses for the year ended December 31, 2019, which were primarily for banking fees, legal fees, and amounts paid to other third-party advisers. The revenue and operating loss from these acquisitions included in our results were approximately $76 million and $53 million , respectively, during the year ended December 31, 2019. The following summarizes the estimated fair values of the assets acquired and liabilities assumed as of December 31, 2019 for ASP in 2019 , and all of the other 2019 acquisitions as a group ($ in millions): ASP Other Total Accounts receivable $ — $ 46.4 $ 46.4 Inventories 173.8 16.1 189.9 Property, plant and equipment 45.7 10.7 56.4 Goodwill 1,420.3 772.6 2,192.9 Other intangible assets, primarily customer relationships, trade names and technology 1,120.0 531.8 1,651.8 Other assets and liabilities, net (73.4 ) (170.2 ) (243.6 ) Prepaid acquisition asset related to Non-Principal Countries 50.1 — 50.1 Net cash consideration $ 2,736.5 $ 1,207.4 $ 3,943.9 Completed Acquisitions in 2018 Accruent On September 6, 2018, we acquired Athena SuperHoldCo, Inc., including Accruent, LLC (“Accruent”), a privately-held, leading provider of facilities asset management software, for a total purchase price of approximately $2.0 billion net of acquired cash (the “Accruent Acquisition”). Accruent is a recognized leader in the facilities asset management industry, combining deep domain and industry capabilities with an integrated, cloud-based framework that provides insights spanning the full lifecycle of real estate, facilities and asset management. Accruent serves over 10,000 global customers, and helps assure clients fulfill the mission of their organization by extending the lifecycle of assets, monitoring full compliance, and reducing safety risks. Accruent is headquartered in Austin, Texas, and is included in our Professional Instrumentation Segment. Accruent generated annual revenues of approximately $200 million in 2017. We financed the Accruent Acquisition with available cash and proceeds from our financing activities. We recorded $1.2 billion of goodwill related to the Accruent Acquisition which is not tax deductible. Gordian On July 27, 2018, we acquired TGG Ultimate Holdings, Inc. and its subsidiaries, including The Gordian Group, Inc. (“Gordian”), a privately-held, leading provider of construction cost data, software, and service, for a total purchase price of $778 million net of cash acquired (the “Gordian Acquisition”). Gordian’s comprehensive offerings serve the entire building lifecycle and provide workflow solutions designed to optimize every stage of an asset owner’s construction and maintenance needs, including connecting the owner and contractors in the same exchange and providing access to cost and facility metrics databases via a subscription-based model. Gordian is headquartered in Greenville, South Carolina, and is included in our Professional Instrumentation segment. Gordian generated annual revenues of approximately $110 million in 2017. We financed the Gordian Acquisition with available cash. We recorded $435 million of goodwill related to the Gordian Acquisition which is not tax deductible. Revenue and operating losses attributable to these acquisitions were $115 million and $51 million for the year ended December 31, 2018, respectively. Other Acquisitions In addition to the acquisitions of Accruent and Gordian, during 2018, we acquired two businesses for total consideration of $44 million in cash, net of cash acquired. The businesses acquired complement existing units of both our segments. The aggregate annual sales of these businesses at the time of their respective acquisitions, in each case based on the acquired company’s revenues for its last completed fiscal year prior to the acquisition, were approximately $35 million . We recorded $31 million of goodwill related to these acquisitions . We recorded certain adjustments during 2019 to the preliminary purchase price allocation of acquisitions that closed during 2018 that resulted in a net increase of $75 million to goodwill. Completed Acquisitions in 2017 During 2017, we acquired three businesses for total consideration of $1.6 billion in cash, net of cash acquired. The businesses acquired complement existing units of both our segments. The aggregate annual sales of these businesses at the time of their respective acquisitions, in each case based on the acquired company’s revenues for its last completed fiscal year prior to the acquisition, were approximately $389 million . We recorded $1.0 billion of goodwill related to these acquisitions . Acquisitions Summary The following summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition for all acquisitions consummated during the years ended December 31 ($ in millions): 2019 2018 2017 Accounts receivable $ 46.4 $ 86.7 $ 103.7 Inventories 189.9 3.9 37.3 Property, plant and equipment 56.4 7.1 137.1 Goodwill 2,192.9 1,601.2 1,035.2 Other intangible assets, primarily customer relationships, trade names and technology 1,651.8 1,345.8 587.8 Trade accounts payable — (9.9 ) (18.7 ) Other assets and liabilities, net (243.6 ) (219.7 ) (289.0 ) Previously held investment — — (36.8 ) Prepaid acquisition asset related to Non-Principal Countries 50.1 — — Net cash consideration $ 3,943.9 $ 2,815.1 $ 1,556.6 We incurred approximately $102 million of pretax transaction-related costs related to the five acquisitions in 2019, approximately $25 million of pretax transaction-related costs related to the four acquisitions in 2018, and approximately $19 million of pretax transaction-related costs in 2017 , which were primarily for banking fees, legal fees, amounts paid to other third-party advisers, and other change in control costs. Transaction-related costs are recorded in Selling, general, and administrative expenses in the Consolidated Statements of Earnings. Pro Forma Financial Information (Unaudited) The unaudited pro forma information for the periods set forth below gives effect to the 2019 and 2018 acquisitions as if they had occurred as of January 1, 2018. The pro forma information is presented for informational purposes only and is not necessarily indicative of the results of operations that actually would have been achieved had the acquisitions been consummated as of that time ($ in millions except per share amounts): 2019 2018 Sales $ 7,659.9 $ 7,625.3 Net earnings from continuing operations $ 805.0 $ 898.7 Diluted net earnings per share from continuing operations $ 2.37 $ 2.56

Discontinued Operations and Dis

Discontinued Operations and Dispositions	12 Months Ended
Discontinued Operations and Dispositions	Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations and Dispositions	NOTE 4. DISCONTINUED OPERATIONS AND DISPOSITIONS Divestiture of A&S Business On March 7, 2018, we entered into a definitive agreement to combine four of our operating companies from our Automation & Specialty platform (the “A&S Business”) with Altra Industrial Motion Corp. (“Altra”) in a tax-efficient Reverse Morris Trust transaction. The A&S Business includes the market-leading brands of Kollmorgen, Thomson, Portescap and Jacobs Vehicle Systems that were previously reported within our Industrial Technologies segment. On October 1, 2018, we completed the split-off of the A&S Business. The total consideration received was $2.7 billion and consisted of (i) $1.3 billion through a fully-subscribed exchange offer, in which we accepted and subsequently retired 15,824,931 shares of our own common stock from our stockholders in exchange for the 35,000,000 shares of common stock of Stevens Holding Company, Inc.; (ii) $1.0 billion in cash paid to us for the direct sales of certain assets and liabilities of the A&S Business; (iii) $250 million as part of a non-cash debt-for-debt exchange that reduced outstanding indebtedness of Fortive, which was inclusive of accrued interest and related fees; and (iv) $150 million in cash paid to us by Stevens Holding Company, Inc. as a dividend. We recognized an after-tax gain on the transaction of $1.9 billion . The accounting requirements for reporting the disposition of the A&S Business as a discontinued operation were met when the separation and merger were completed. Accordingly, the accompanying consolidated financial statements for all periods presented reflect this business as discontinued operations. We incurred approximately $77 million of pretax transaction-related costs associated with the divestiture during the year ended December 31, 2018, which was primarily for professional fees. These amounts are recorded in the Gain (loss) on disposition of discontinued operations before income taxes component of Earnings from discontinued operations, net of income taxes. We are providing certain support services under transition services agreements, and the impact of these services on our consolidated financial statements was immaterial. The key components of income from discontinued operations for the years ended December 31 were as follows ($ in millions): 2019 2018 2017 Sales $ 6.1 $ 750.5 $ 900.0 Cost of sales (6.2 ) (438.9 ) (522.9 ) Selling, general, and administrative expenses — (92.3 ) (124.5 ) Research and development expenses — (26.9 ) (36.7 ) Gain (loss) on disposition of discontinued operations before income taxes (2.1 ) 1,909.9 — Interest expense and other — (4.6 ) (5.3 ) Earnings (loss) before income taxes (2.2 ) 2,097.7 210.6 Income taxes 15.7 (102.2 ) (50.4 ) Earnings from discontinued operations, net of income taxes $ 13.5 $ 1,995.5 $ 160.2 Interest expense related to the debt retired as part of the debt-for-debt exchange was allocated to discontinued operations for all periods presented. The following table summarizes the major classes of assets and liabilities of discontinued operations that were included in the Company’s accompanying Consolidated Balance Sheets as of December 31 ($ in millions): 2019 2018 ASSETS Accounts receivable, net $ — $ 4.2 Inventories — 4.4 Other current assets 3.2 21.4 Total current assets, discontinued operations 3.2 30.0 Total assets, discontinued operations $ 3.2 $ 30.0 LIABILITIES Current liabilities: Trade accounts payable $ — $ 9.2 Accrued expenses and other current liabilities — 21.5 Total current liabilities, discontinued operations — 30.7 Total liabilities, discontinued operations $ — $ 30.7 Combination of the Tektronix Video Business with Telestream On July 20, 2019, we completed the combination of the Tektronix Video test and monitoring equipment business (“Tektronix Video Business”) with Telestream, LLC (the “Combined Business”), a portfolio company of Genstar Capital LLC. We recognized a pretax gain of $41 million upon the combination, and hold a 33% equity stake in the Combined Business. This transaction did not meet the criteria for discontinued operations reporting, and therefore the operating results of the Tektronix Video Business prior to the combination with Telestream are included in continuing operations for all periods presented. At December 31, 2019 , the carrying amount of the investment in the Combined Business, included in other assets in the accompanying Consolidated Balance Sheet, was $82 million . For the year ended December 31, 2019 , the loss from our equity investment in the Combined Business recorded in Other non-operating expenses, net in the accompanying Consolidated Statements of Earnings was $4 million .

Inventories

Inventories	12 Months Ended
Inventories	Dec. 31, 2019
Inventory Disclosure [Abstract]
Inventories	NOTE 5. INVENTORIES The classes of inventory as of December 31 are summarized as follows ($ in millions): 2019 2018 Finished goods $ 285.6 $ 219.5 Work in process 100.4 103.1 Raw materials 254.3 251.9 Total $ 640.3 $ 574.5 As of December 31, 2019 and 2018 , the difference between inventories valued at LIFO and the value of that same inventory if the FIFO method had been used was not significant. The liquidation of LIFO inventory did not have a significant impact on our results of operations in any period presented.

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
Property, Plant and Equipment	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	NOTE 6. PROPERTY, PLANT AND EQUIPMENT The classes of property, plant and equipment as of December 31 are summarized as follows ($ in millions): 2019 2018 Land and improvements $ 63.4 $ 63.1 Buildings and leasehold improvements 363.8 343.6 Machinery and equipment 931.0 1,059.2 Gross property, plant and equipment 1,358.2 1,465.9 Less: accumulated depreciation (838.7 ) (889.8 ) Property, plant and equipment, net $ 519.5 $ 576.1 No interest was capitalized related to capitalized expenditures in any period.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
Goodwill and Other Intangible Assets	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	NOTE 7. GOODWILL AND OTHER INTANGIBLE ASSETS As discussed in Note 3 , goodwill arises from the purchase price for acquired businesses exceeding the fair value of tangible and intangible assets acquired less assumed liabilities. We assess the goodwill of each of our reporting units for impairment at least annually as of the first day of the fourth quarter and as “triggering” events occur that indicate that it is more likely than not that an impairment exists. We elected to bypass the optional qualitative goodwill assessment allowed by applicable accounting standards and performed a quantitative impairment test for all reporting units as this was determined to be the most effective method to assess impairment across a large spectrum of reporting units. We estimate the fair value of our reporting units primarily using a market approach, based on multiples of earnings before interest, taxes, depreciation and amortization (“EBITDA”) determined by current trading market multiples of earnings for companies operating in businesses similar to each of our reporting units, in addition to recent market available sale transactions of comparable businesses . In certain circumstances we also evaluate other factors including results of the estimated fair value utilizing a discounted cash flow analysis (i.e., an income approach), market positions of the businesses, comparability of market sales transactions, and financial and operating performance in order to validate the results of the market approach. If the estimated fair value of the reporting unit is less than its carrying value, we will impair the goodwill for the amount of the carrying value in excess of the fair value. In 2019 , we had twelve reporting units for goodwill impairment testing. The carrying value of the goodwill included in each individual reporting unit ranges from $15 million to approximately $3.8 billion . No goodwill impairment charges were recorded for the years ended December 31, 2019 , 2018 , and 2017 , and no “triggering” events have occurred subsequent to the performance of the 2019 annual impairment test. The factors used by management in its impairment analysis are inherently subject to uncertainty. If actual results are not consistent with management’s estimates and assumptions, goodwill and other intangible assets may be overstated and a charge would need to be taken against net earnings. In January 2017, the FASB issued ASU No. 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment , which aims to simplify the subsequent measurement of goodwill by removing Step 2 of the current goodwill impairment test, which requires a hypothetical purchase price allocation. Under the new standard, an impairment loss will be recognized in the amount by which a reporting unit's carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. We adopted this standard on September 28, 2019 (the date of our annual goodwill impairment testing) with no impact to our financial statements for the year ended December 31, 2019. The adoption of this standard will only impact future goodwill impairment calculations, as applicable. The following is a rollforward of our goodwill by segment ($ in millions): Professional Instrumentation Industrial Technologies Total Balance, January 1, 2018 $ 3,331.0 $ 1,229.3 $ 4,560.3 Attributable to 2018 acquisitions 1,571.8 29.4 1,601.2 Foreign currency translation & other (8.2 ) (20.2 ) (28.4 ) Balance, December 31, 2018 4,894.6 1,238.5 6,133.1 Attributable to adjustments to preliminary purchase price allocations for acquisitions completed in 2018 75.9 (1.2 ) 74.7 Attributable to 2019 acquisitions 2,192.9 — 2,192.9 Attributable to the Tektronix Video Business Combination (40.2 ) — (40.2 ) Foreign currency translation & other 3.1 35.7 38.8 Balance, December 31, 2019 $ 7,126.3 $ 1,273.0 $ 8,399.3 Finite-lived intangible assets are amortized over the shorter of their legal or estimated useful lives. The following summarizes the gross carrying value and accumulated amortization for each major category of intangible asset as of December 31 ($ in millions): 2019 2018 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Finite-lived intangibles: Patents and technology $ 1,041.4 $ (357.0 ) $ 614.0 $ (280.8 ) Customer relationships and other intangibles 3,206.8 (792.5 ) 2,204.2 (589.9 ) Trademarks and trade names 18.0 (0.2 ) — — Total finite-lived intangibles 4,266.2 (1,149.7 ) 2,818.2 (870.7 ) Indefinite-lived intangibles: Trademarks and trade names 728.5 — 528.8 — Total intangibles $ 4,994.7 $ (1,149.7 ) $ 3,347.0 $ (870.7 ) During 2019 we acquired finite-lived intangible assets, consisting primarily of customer relationships and developed technology, with a weighted average life of 11 years. During 2018 , we acquired finite-lived intangible assets, consisting primarily of customer relationships and developed technology, with a weighted average life of 12 years . Refer to Note 3 for additional information on the intangible assets acquired. Total intangible amortization expense in 2019 , 2018 , and 2017 was $293 million , $135 million and $65 million , respectively. Based on the intangible assets recorded as of December 31, 2019 , amortization expense is estimated to be $336 million during 2020 , $330 million during 2021 , $315 million during 2022 , $308 million during 2023 , and $306 million during 2024 .

Fair Value Measurements

Fair Value Measurements	12 Months Ended
Fair Value Measurements	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	NOTE 8. FAIR VALUE MEASUREMENTS Accounting standards define fair value based on an exit price model, establish a framework for measuring fair value for assets and liabilities required to be carried at fair value, and provide for certain disclosures related to the valuation methods used within the valuation hierarchy as established within the accounting standards. This hierarchy prioritizes the inputs into three broad levels as follows: • Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. • Level 2 inputs are quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets in markets that are not active, or other observable characteristics for the asset or liability, including interest rates, yield curves and credit risks, or inputs that are derived principally from, or corroborated by, observable market data through correlation. • Level 3 inputs are unobservable inputs based on our assumptions. A financial asset or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Financial liabilities that are measured at fair value on a recurring basis were as follows ($ in millions): Quoted Prices in Active Market (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total December 31, 2019 Deferred compensation liabilities $ — $ 29.6 $ — $ 29.6 December 31, 2018 Deferred compensation liabilities $ — $ 20.8 $ — $ 20.8 Certain management employees participate in our nonqualified deferred compensation programs that permit such employees to defer a portion of their compensation, on a pretax basis, until after their termination of employment. All amounts deferred under such plans are unfunded, unsecured obligations and are presented as a component of our compensation and other post-retirement benefits accruals included in Other long-term liabilities in the accompanying Consolidated Balance Sheets. Participants may choose among alternative earning rates for the amounts they defer, which are primarily based on investment options within our defined contribution plans for the benefit of U.S. employees (“401(k) Programs”) (except that the earnings rates for amounts contributed unilaterally by the Company are entirely based on changes in the value of Fortive common stock). Changes in the deferred compensation liability under these programs are recognized based on changes in the fair value of the participants’ accounts, which are based on the applicable earnings rates. Fair Value of Financial Instruments The carrying amounts and fair values of financial instruments as of December 31 were as follows ($ in millions): 2019 2018 Carrying Amount Fair Value Carrying Amount Fair Value Current portion of long-term debt $ 1,500.0 $ 1,500.0 $ 455.6 $ 454.9 Long-term debt, net of current maturities $ 4,828.4 $ 4,992.3 $ 2,974.7 $ 2,867.5 As of December 31, 2019 and December 31, 2018 , long-term borrowings were categorized as Level 1. The fair value of the current portion of long-term debt and long-term debt were based on quoted market prices. The difference between the fair value and the carrying amounts of long-term borrowings may be attributable to changes in market interest rates and/or our credit ratings subsequent to the incurrence of the borrowing. The fair value of cash and equivalents, accounts receivable, net and trade accounts payable approximates their carrying amount due to the short-term maturities of these instruments. Refer to Note 12 for information related to the fair value of the Company-sponsored defined benefit pension plan assets.

Accrued Expenses and Other Liab

Accrued Expenses and Other Liabilities	12 Months Ended
Accrued Expenses and Other Liabilities	Dec. 31, 2019
Payables and Accruals [Abstract]
Accrued Expenses and Other Liabilities	NOTE 9. ACCRUED EXPENSES AND OTHER LIABILITIES Accrued expenses and other liabilities as of December 31 were as follows ($ in millions): 2019 2018 Current Long-term Current Long-term Compensation and other post-retirement benefits $ 264.5 $ 68.0 $ 244.5 $ 60.2 Claims, including self-insurance and litigation 15.2 75.3 10.9 74.4 Pension obligations 4.0 146.6 7.8 117.6 Taxes, income and other 99.0 1,124.7 174.7 728.3 Deferred revenue 410.1 99.2 288.1 92.6 Sales and product allowances 52.2 — 49.8 — Warranty 77.1 1.9 71.0 1.1 Other 224.7 68.5 152.5 51.7 Total $ 1,146.8 $ 1,584.2 $ 999.3 $ 1,125.9 Warranty We generally accrue estimated warranty costs at the time of sale. In general, manufactured products are warranted against defects in material and workmanship when properly used for their intended purpose, installed correctly, and appropriately maintained. Warranty period terms depend on the nature of the product and range from 90 days up to the life of the product. The amount of the accrued warranty liability is determined based on historical information such as past experience, product failure rates or number of units repaired, estimated cost of material and labor, and in certain instances estimated property damage. The accrued warranty liability is reviewed on a quarterly basis and may be adjusted as additional information regarding expected warranty costs becomes known. The following is a rollforward of our accrued warranty liability ($ in millions): Balance, January 1, 2018 $ 65.3 Accruals for warranties issued during the year 81.7 Settlements made (77.2 ) Additions due to acquisitions 2.6 Effect of foreign currency translation (0.3 ) Balance, December 31, 2018 $ 72.1 Accruals for warranties issued during the year 80.3 Settlements made (75.9 ) Additions due to acquisitions 2.0 Effect of foreign currency translation 0.5 Balance, December 31, 2019 $ 79.0

Leases

Leases	12 Months Ended
Leases	Dec. 31, 2019
Leases [Abstract]
Leases	NOTE 10. LEASES In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) , which requires lessees to recognize a right-of-use (“ROU”) asset and a lease liability for all leases with terms greater than 12 months and also requires disclosures by lessees and lessors about the amount, timing, and uncertainty of cash flows arising from leases. Subsequent to the issuance of Topic 842, the FASB clarified the guidance through several ASUs; hereinafter the collection of lease guidance is referred to as “ASC 842.” On January 1, 2019, we adopted ASC 842 using the modified retrospective transition method for all lease arrangements at the beginning of the period of adoption. Results for reporting periods beginning January 1, 2019 are presented under ASC 842, while prior period amounts were not adjusted and continue to be reported in accordance with our historic accounting under Topic 840, Leases . The adoption of ASC 842 resulted in an increase in both assets and liabilities of $175 million as of January 1, 2019. These balances are presented in the following three line items on the Consolidated Balance Sheet: (i) operating lease right-of-use assets; (ii) current operating lease liabilities; and (iii) operating lease liabilities. The adoption of ASC 842 had no impact on our retained earnings, consolidated net earnings, or cash flows. We elected the package of practical expedients for leases that commenced before the effective date of ASC 842 whereby we elected to not reassess the following: (i) whether any expired or existing contracts contain leases; (ii) the lease classification for any expired or existing leases; and (iii) initial direct costs for any existing leases. In addition, we have lease agreements with lease and non-lease components, and we have elected the practical expedient for all underlying asset classes to account for the lease and related non-lease component(s) as a single lease component. Our finance lease and lessor arrangements are immaterial. We determine if an arrangement is or contains a lease at inception. We have operating leases for office space, warehouses, distribution centers, research and development facilities, manufacturing locations, and certain equipment, primarily automobiles. Many leases include optional terms, ranging from options to terminate the lease in less than one year to options to extend the lease for up to 15 years. We include optional periods as part of the lease term when we determine that we are reasonably certain to exercise the renewal option or we will not early terminate the lease. Reasonably certain is based on economic incentives and represents a high threshold. Operating lease cost was $80 million , $64 million , and $46 million for the years ended December 31, 2019, 2018, and 2017, respectively. Short-term and variable lease cost, and cost for finance leases were immaterial for the year ended December 31, 2019 . During the year ended December 31, 2019 , cash paid for operating leases was $65 million and is included in operating cash flows. ROU assets obtained in exchange for operating lease liabilities were $80 million for the year ended December 31, 2019 , and of those ROU assets exchanged for operating lease obligations, $31 million were related to operating leases acquired with ASP. The following table presents the maturities of our operating lease liabilities as of December 31, 2019 ($ in millions): 2020 $ 57.4 2021 45.8 2022 34.1 2023 22.8 2024 16.2 Thereafter 63.2 Total lease payments 239.5 Less: imputed interest (25.6 ) Total lease liabilities $ 213.9 Future minimum lease payments as of December 31, 2018 for operating leases having initial or remaining non-cancelable lease terms in excess of one year under Topic 840 were as follows ($ in millions): 2019 $ 54.2 2020 41.2 2021 32.4 2022 24.0 2023 13.5 Thereafter 16.1 Total lease payments $ 181.4 As of December 31, 2019 , the weighted average lease term of our operating leases was 7.1 years and the weighted average discount rate of our operating leases was 3.4% . We primarily use our incremental borrowing rate as the discount rate for our operating leases, as we are generally unable to determine the interest rate implicit in the lease. As of December 31, 2019, we entered into operating leases for which the lease term had not yet commenced. These leases will commence in 2020 with lease terms between 1 and 15 years and fixed payments over the non-cancelable lease terms of $22 million .

Financing

Financing	12 Months Ended
Financing	Dec. 31, 2019
Debt Disclosure [Abstract]
Financing	NOTE 11. FINANCING The carrying value of the components of our debt as of December 31 were as follows ($ in millions): 2019 2018 U.S. dollar-denominated commercial paper $ 884.4 $ 390.1 Euro-denominated commercial paper 264.1 270.1 Delayed-draw term loan due 2019 — 400.0 Delayed-draw term loan due 2020 1,000.0 — Term loan due 2020 500.0 — Yen variable interest rate term loan due 2022 127.1 125.7 1.80% senior unsecured notes due 2019 — 55.6 2.35% senior unsecured notes due 2021 748.2 747.0 3.15% senior unsecured notes due 2026 893.0 891.9 4.30% senior unsecured notes due 2046 547.0 546.9 0.875% senior convertible notes due 2022 1,347.3 — Other 17.3 3.0 Long-term debt 6,328.4 3,430.3 Less: Current portion of long-term debt 1,500.0 455.6 Long-term debt, net of current maturities $ 4,828.4 $ 2,974.7 Unamortized debt discounts, net of premiums and issuance costs of $102 million and $17 million as of December 31, 2019 and December 31, 2018 , respectively, have been netted against the aggregate principal amounts of the components of debt table above. Credit Facilities Convertible Notes On February 22, 2019, we issued $1.4 billion in aggregate principal amount of our 0.875% Convertible Senior Notes due 2022 (the “Convertible Notes”), including $187.5 million in aggregate principal amount resulting from an exercise in full of an over-allotment option. The Convertible Notes were sold in a private placement to certain initial purchasers for resale to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933. The Convertible Notes are fully and unconditionally guaranteed, jointly and severally, on an unsecured basis, by four of our wholly-owned domestic subsidiaries (the “Guarantees”). The Convertible Notes are our senior unsecured obligations, and the Convertible Notes and the Guarantees rank equally in right of payment with all of our and the guarantors’ existing and future liabilities that are not subordinated, but effectively rank junior to any of our and the guarantors secured indebtedness to the extent of the value of the assets securing such indebtedness. In addition, the Convertible Notes are structurally subordinated to all of the existing and future obligations, including trade payables, of our subsidiaries that do not guarantee the Convertible Notes. The Convertible Notes bear interest at a rate of 0.875% per year, payable semiannually in arrears on February 15 and August 15 of each year, beginning on August 15, 2019. The Convertible Notes mature on February 15, 2022, unless earlier repurchased or converted in accordance with their terms prior to such date. The Convertible Notes are convertible into shares of our common stock at an initial conversion rate of 9.3777 shares per $1,000 principal amount of Convertible Notes (which is equivalent to an initial conversion price of $106.64 per share), subject to adjustment upon the occurrence of certain events. The initial conversion price represents a premium of approximately 32.5% to the $80.48 per share closing price of our common stock on February 19, 2019. Upon conversion of the Convertible Notes, holders will receive cash, shares of our common stock, or a combination thereof, at Fortive’s election. Our current intention is to settle such conversions through cash up to the principal amount of the converted Convertible Notes and, if applicable, through shares of our common stock for conversion value, if any, in excess of the principal amount of the converted Convertible Notes. Of the $1.4 billion in proceeds received from the issuance of the Convertible Notes, $1.3 billion was classified as debt and $102 million was classified as equity, using an assumed effective interest rate of 3.38% . Debt issuance costs of $24 million were proportionately allocated to debt and equity. We recognized $45 million in interest expense during the year ended December 31, 2019, of which $11 million related to the contractual coupon rate of 0.875% and $7 million was attributable to the amortization of debt issuance costs. The discount at issuance was $102 million and is being amortized over a three-year period. The unamortized discount at December 31, 2019 was $74 million . Prior to November 15, 2021, the Convertible Notes will be convertible only upon the occurrence of certain events and will be convertible thereafter at any time until the close of business on the business day immediately preceding the maturity date of the Convertible Notes. The conversion rate is subject to customary anti-dilution adjustments. If certain corporate events described in the Indenture occur prior to the maturity date, the conversion rate will be increased for a holder that elects to convert its Convertible Notes in connection with such corporate event in certain circumstances. The Convertible Notes are not redeemable prior to maturity, and no sinking fund is provided for the Convertible Notes. If we undergo a “fundamental change,” as defined in the Indenture, subject to certain conditions, holders may require us to repurchase for cash all or any portion of their Convertible Notes. The fundamental change purchase price will be 100% of the principal amount of the Convertible Notes to be repurchased plus any accrued and unpaid additional interest up to but excluding the fundamental change repurchase date. The Indenture contains customary terms and covenants, including that upon certain events of default occurring and continuing, either the Trustee or the holders of at least 25% in aggregate principal amount of the outstanding Convertible Notes may declare 100% of the principal of, and accrued and unpaid interest, if any, on all the Convertible Notes to be due and payable. We used the net proceeds from the offering to fund a portion of the cash consideration payable for, and certain costs associated with, our acquisition of ASP. In connection with this offering of the Convertible Notes, on February 21, 2019, we entered into amendments to our credit facilities to exclude the Guarantees from the limitations on subsidiary indebtedness under our credit facilities. Term Loan Due 2020 On October 25, 2019, we entered into a credit facility agreement that provides for a 364 -day term loan facility (“2020 Term Loan”) in an aggregate principal amount of $300 million . On October 25, 2019, we drew down the full $300 million available under the 2020 Term Loan in order to fund, in part, the Censis acquisition. We subsequently increased the size of this facility by $200 million on November 8, 2019 and drew the additional amount on the same day resulting in an outstanding amount of $500 million . The 2020 Term Loan bears interest at a variable rate equal to the London inter-bank offered rate (“LIBOR”) plus a ratings-based margin currently at 75 basis points. As of December 31, 2019, borrowings under this facility bore an interest rate of 2.49% per annum. The 2020 Term Loan is due on October 23, 2020 and prepayable at our option. We are not permitted to re-borrow once the term loan is repaid. The terms and conditions, including covenants, applicable to the 2020 Term Loan are substantially similar to those applicable to the Revolving Credit Facility as defined below. On February 26, 2020, we prepaid $250 million of the 2020 Term Loan. The prepayment fees associated with this payment are expected to be immaterial. Delayed-Draw Term Loan Due 2020 On March 1, 2019, we entered into a credit facility agreement that provides for a 364 -day delayed-draw term loan facility (“2020 Delayed-Draw Term Loan”) in an aggregate principal amount of $1.0 billion . On March 20, 2019, we drew down the full $1.0 billion available under the 2020 Delayed-Draw Term Loan in order to fund, in part, the ASP acquisition. The 2020 Delayed-Draw Term Loan bears interest at a variable rate equal to the LIBOR plus a ratings-based margin currently at 75 basis points. As of December 31, 2019, borrowings under this facility bore an interest rate of 2.49% per annum. The terms and conditions, including covenants, applicable to the 2020 Delayed-Draw Term Loan are substantially similar to those applicable to the Revolving Credit Facility. The original maturity date of the 2020 Delayed-Draw Term Loan was February 28, 2020; however on February 25, 2020, we extended the maturity date to August 28, 2020. The 2020 Delayed-Draw Term Loan remains prepayable at our option. Delayed-Draw Term Loan Due 2019 On August 22, 2018, we entered into a credit facility agreement that provided for a 364 -day delayed-draw term loan facility (“Delayed-Draw Term Loan”) with an aggregate principal amount of $1.75 billion . On September 5, 2018, we drew down the full $1.75 billion available under the Delayed-Draw Term Loan in order to fund, in part, the Accruent Acquisition. The Delayed-Draw Term Loan bore interest at a variable rate equal to the LIBOR plus a ratings-based margin currently at 75 basis points. During 2019 , the annual effective rate was approximately 3.24% per annum. The Delayed-Draw Term Loan was prepayable at our option, and we were not permitted to re-borrow once the term loan was repaid. The terms and conditions, including covenants, applicable to the Delayed-Draw Term Loan were substantially similar to those applicable to the Revolving Credit Facility. On September 26, 2018 and on November 21, 2018, we repaid $400 million and $950 million of this loan, respectively. On February 28, 2019 , we prepaid the remaining $400 million outstanding principal and accrued interest under the delayed-draw term loan due 2019. The prepayment fees associated with this prepayment were immaterial. Yen Variable Interest Rate Term Loan On August 24, 2017, we entered into a term loan agreement that provides for a five-year ¥13.8 billion senior unsecured term facility (“Yen Term Loan”) that matures on August 24, 2022. We borrowed the entire ¥13.8 billion available under this facility on August 28, 2017, which yielded net proceeds of approximately $126 million . The Yen Term Loan bears interest at a rate equal to LIBOR plus 50 basis points, provided however that LIBOR may not be less than zero for the purposes of the Yen Term Loan. The annual effective interest rate was approximately 0.50% per annum as of and for the year ended December 31, 2019 . The Yen Term Loan is pre-payable at our option, and re-borrowing is not permitted once the term loan is repaid. The terms and conditions, including covenants, applicable to the Yen Term Loan are substantially similar to those applicable to the senior unsecured revolving credit facility established in 2016 (the “Revolving Credit Facility”) as described below. Revolving Credit Facility On June 16, 2016 , we entered into a five -year $1.5 billion Revolving Credit Facility that expires on June 16, 2021. On November 30, 2018 we entered into an amended and restated agreement (the “Credit Agreement”) extending the availability period of the Revolving Credit Facility to November 30, 2023 and increased the facility to $2.0 billion . The Revolving Credit Facility is subject to a one year extension option at our request and with the consent of the lenders. The Credit Agreement also contains an option permitting us to request an increase in the amounts available under the Credit Agreement of up to an aggregate additional $1.0 billion . Borrowings under the Revolving Credit Facility bear interest at a rate equal (at our option) to either (1) a LIBOR-based rate (the “LIBOR-Based Rate”) plus a margin of between 80.5 and 117.5 basis points, depending on our long-term debt credit rating, or (2) the highest of (a) the Federal funds rate plus 1/2 of 1%, (b) the prime rate, and (c) the LIBOR-Based Rate plus 17.5 basis points, plus in each case a margin that varies according to our long-term debt credit rating. We are obligated to pay an annual facility fee for the Revolving Credit Facility of between 7.0 and 20.0 basis points varying according to our long-term debt credit rating. The Credit Agreement requires us to maintain a consolidated net leverage ratio of debt to consolidated EBITDA (as defined in the Credit Agreement) of less than 3.50 to 1.00 ; provided that the maximum consolidated net leverage ratio will be increased to 4.00 to 1.00 for the four consecutive full fiscal quarters immediately following the consummation of any acquisition by us in which the purchase price exceeds $250 million . The Credit Agreement also requires us to maintain a consolidated interest coverage ratio (as defined in the Credit Agreement) of at least 3.50 to 1.00 as of the end of any fiscal quarter. The Credit Agreement also contains customary representations, warranties, conditions precedent, events of default, indemnities, and affirmative and negative covenants. As of December 31, 2019 and December 31, 2018 , we were in compliance with all covenants under the Credit Agreement and had no borrowings outstanding under the Revolving Credit Facility. Commercial Paper Programs We generally satisfy any short-term liquidity needs that are not met through operating cash flows and available cash primarily through issuances of commercial paper under our U.S. dollar and Euro-denominated commercial paper programs (“Commercial Paper Programs”). Under these programs, we may issue unsecured promissory notes with maturities not exceeding 397 and 183 days, respectively. Interest expense on the notes is paid at maturity and is generally based on our credit ratings at the time of issuance and prevailing short-term interest rates. The details of our Commercial Paper Programs as of December 31, 2019 were as follows ($ in millions): Carrying Value Annual effective rate Weighted average remaining maturity (in days) U.S. dollar-denominated $ 884.4 2.14 % 13 Euro-denominated $ 264.1 (0.10 )% 33 Credit support for the Commercial Paper Programs is provided by the Revolving Credit Facility. The availability of the Revolving Credit Facility as a standby liquidity facility to repay maturing commercial paper is an important factor in maintaining the Commercial Paper Programs’ existing credit ratings. We expect to limit any borrowings under the Revolving Credit Facility to amounts that would leave sufficient credit available under the facility to allow us to borrow, if needed, to repay all of the outstanding commercial paper as it matures. Our ability to access the commercial paper market, and the related costs of these borrowings, is affected by the strength of our credit rating and market conditions. Any downgrade in our credit rating would increase the cost of borrowing under our commercial paper programs and the Credit Agreement, and could limit or preclude our ability to issue commercial paper. If our access to the commercial paper market is adversely affected due to a downgrade, change in market conditions or otherwise, we would expect to rely on a combination of available cash, operating cash flow, and the Revolving Credit Facility to provide short-term funding. In such event, the cost of borrowings under the Revolving Credit Facility could be higher than the historic cost of commercial paper borrowings. We classified our borrowings outstanding under the Commercial Paper Programs as of December 31, 2019 as long-term debt in the accompanying Consolidated Balance Sheets as we have the intent and ability, as supported by availability under the Revolving Credit Facility referenced above, to refinance these borrowings for at least one year from the balance sheet date. Proceeds from borrowings under the commercial paper programs are typically available for general corporate purposes, including acquisitions. Registered Notes As of December 31, 2019, we had outstanding the following senior notes, collectively the “Registered Notes”: • $750 million aggregate principal amount of senior notes due June 15, 2021 issued at 99.977% of their principal amount and bearing interest at the rate of 2.35% per year. • $900 million aggregate principal amount of senior notes due June 15, 2026 issued at 99.644% of their principal amount and bearing interest at the rate of 3.15% per year. • $350 million and $200 million aggregate principal amounts of senior notes due June 15, 2046 issued at 99.783% and 101.564% , respectively, of their principal amounts and bearing interest at the rate of 4.30% per year. Interest on the Registered Notes is payable semi-annually in arrears on June 15 and December 15 of each year. We previously had outstanding $300 million aggregate principal amount of senior notes due June 15, 2019 (the “2019 Notes”) issued at 99.893% of their principal amount and bearing interest at the rate of 1.80% per year. In connection with the debt exchange in the split-off of the A&S Business on October 1, 2018, we retired $244.7 million of these 2019 notes. On June 15, 2019, we repaid the remaining outstanding principal of $55.3 million of the 2019 Notes. Covenants and Redemption Provisions Applicable to Registered Notes We may redeem the Registered Notes of the applicable series, in whole or in part, at any time prior to the dates specified in the Registered Notes indenture (the “Call Dates”) by paying the principal amount and the “make-whole” premium specified in the Registered Notes indenture, plus accrued and unpaid interest. Additionally, we may redeem all or any part of the Registered Notes of the applicable series on or after the Call Dates without paying the “make-whole” premium specified in the Registered Notes indenture. Registered Notes Series Call Dates 2.35% senior unsecured notes due 2021 May 15, 2021 3.15% senior unsecured notes due 2026 March 15, 2026 4.30% senior unsecured notes due 2046 December 15, 2045 If a change of control triggering event occurs, we will, in certain circumstances, be required to make an offer to repurchase the Registered Notes at a purchase price equal to 101% of the principal amount, plus accrued and unpaid interest. A change of control triggering event is defined as the occurrence of both a change of control and a rating event, each as defined in the Registered Notes indenture. Except in connection with a change of control triggering event, the Registered Notes do not have any credit rating downgrade triggers that would accelerate the maturity of the Registered Notes. The Registered Notes contain customary covenants, including limits on the incurrence of certain secured debt and sale/leaseback transactions. None of these covenants are considered restrictive to our operations and as of December 31, 2019 , we were in compliance with all of our covenants. Other We made interest payments of $127 million during 2019 , $102 million during 2018 , and $87 million during 2017 . There are $1.5 billion of minimum principal payments due under our total long-term debt during 2020 . The future minimum principal payments due are presented in the following table: Term Loans Convertible and Registered Notes Total 2020 $ 1,500.0 $ — $ 1,500.0 2021 — 750.0 750.0 2022 127.1 1,437.5 1,564.6 2023 — — — 2024 — — — Thereafter — 1,450.0 1,450.0 Total principal payments (a) $ 1,627.1 $ 3,637.5 $ 5,264.6 (a) Not included in the table above are discounts, net of premiums and issuance costs associated with the Registered Notes and the Commercial Paper Programs, which totaled $102 million as of December 31, 2019, and have been recorded as an offset to the carrying amount of the related debt in the accompanying Consolidated Balance Sheet as of December 31, 2019. In addition, the table above does not include principal balances of $1.1 billion under the Commercial Paper Programs and other financing balances of $17 million. Shelf Registration Statement On June 12, 2017, we filed a shelf registration statement on Form S-3 with the SEC (the “Shelf Registration Statement”) that registers an indeterminate amount of debt securities, common stock, preferred stock, warrants, depositary shares, purchase contracts, and units that may be issued in the future in one or more offerings. Unless otherwise specified in the corresponding prospectus supplement, we expect to use net proceeds realized from future securities issuances off the Shelf Registration Statement for general corporate purposes, including without limitation repayment or refinancing of debt or other corporate obligations, acquisitions, capital expenditures, dividends, and working capital.

Pension Plans

Pension Plans	12 Months Ended
Pension Plans	Dec. 31, 2019
Retirement Benefits [Abstract]
Pension Plans	NOTE 12. PENSION PLANS Certain employees participate in noncontributory defined benefit pension plans. In general, our policy is to fund these plans based on considerations relating to legal requirements, underlying asset returns, the plan’s funded status, the anticipated deductibility of the contribution, local practices, market conditions, interest rates, and other factors. Our U.S. pension plans are frozen, and, as such, there are no ongoing benefit accruals associated with the U.S. pension plans. The following sets forth the funded status of our plans as of the most recent actuarial valuations using measurement dates of December 31 ($ in millions): U.S. Pension Benefits Non-U.S. Pension Benefits 2019 2018 2019 2018 Change in pension benefit obligation: Benefit obligation at beginning of year $ 30.9 $ 33.7 $ 274.3 $ 300.8 Service cost — — 2.3 1.3 Interest cost 1.3 1.2 5.7 5.7 Employee contributions — — 0.9 0.2 Benefits paid and other (1.2 ) (1.3 ) (8.7 ) (9.5 ) Plan acquisitions — — 25.1 — Actuarial loss (gain) 4.2 (2.7 ) 39.3 (7.0 ) Amendments, settlements and curtailments — — (0.6 ) (3.0 ) Foreign exchange rate impact — — 1.2 (14.2 ) Benefit obligation at end of year 35.2 30.9 339.5 274.3 Change in plan assets: Fair value of plan assets at beginning of year 23.3 25.8 156.5 172.2 Actual return on plan assets 3.9 (1.2 ) 20.5 (3.1 ) Employer contributions 0.5 — 10.9 9.8 Employee contributions — — 0.9 0.2 Amendments and settlements — — (2.7 ) (4.4 ) Benefits paid and other (1.2 ) (1.3 ) (8.7 ) (9.5 ) Plan acquisitions — — 17.8 — Foreign exchange rate impact — — 2.4 (8.7 ) Fair value of plan assets at end of year 26.5 23.3 197.6 156.5 Funded status $ (8.7 ) $ (7.6 ) $ (141.9 ) $ (117.8 ) The difference between the accumulated benefit obligation and the projected benefit obligation as of December 31, 2019 and 2018 is immaterial. Weighted average assumptions used to determine benefit obligations at date of measurement U.S. Pension Plans Non-U.S. Pension Plans 2019 2018 2019 2018 Discount rate 3.37 % 4.40 % 1.41 % 2.30 % Rate of compensation increase N/A N/A 2.47 % 2.63 % Components of net periodic pension cost The following sets forth the components of net periodic pension cost for our plans for the years ended December 31 ($ in millions): U.S. Pension Benefits Non-U.S. Pension Benefits 2019 2018 2017 2019 2018 2017 Service cost $ — $ — $ — $ 2.3 $ 1.3 $ 3.5 Interest cost 1.3 1.2 0.3 5.7 5.7 5.8 Expected return on plan assets (1.3 ) (1.4 ) (0.3 ) (5.9 ) (5.8 ) (6.2 ) Amortization of net loss — — — 2.9 2.6 3.8 Net curtailment and settlement loss recognized — — — 0.2 1.0 0.9 Net periodic pension cost $ — $ (0.2 ) $ — $ 5.2 $ 4.8 $ 7.8 Included in AOCI as of December 31, 2019 are the following amounts that have not yet been recognized in net periodic pension cost: unrecognized prior service cost of $3 million ( $3 million , net of tax) and unrecognized actuarial losses of approximately $97 million ( $74 million , net of tax). The unrecognized prior service cost included in AOCI and expected to be recognized in net periodic pension cost during the year ending December 31, 2020 is immaterial. The actuarial losses included in Accumulated other comprehensive income (loss) and expected to be recognized in net periodic pension cost during the year ending December 31, 2020 is $4 million ( $3 million , net of tax). The unrecognized losses are calculated as the difference between the actuarially determined projected benefit obligation, the value of the plan assets, and the accumulated contributions in excess of net periodic pension cost as of December 31, 2019 . No plan assets are expected to be returned to us during the year ending December 31, 2020 . Weighted average assumptions used to determine net periodic pension cost at date of measurement U.S. Pension Plans Non-U.S. Pension Plans 2019 2018 2017 2019 2018 2017 Discount rate 4.40 % 3.73 % 3.83 % 2.30 % 2.16 % 2.12 % Expected return on plan assets 5.75 % 5.75 % 5.75 % 3.50 % 3.48 % 3.54 % Rate of compensation increase N/A N/A N/A 2.63 % 2.39 % 3.03 % The discount rates reflect the market rate on December 31 for high-quality fixed-income investments with maturities corresponding to our benefit obligations and are subject to change each year. For non-U.S. plans, rates appropriate for each plan are determined based on investment grade instruments with maturities approximately equal to the average expected benefit payout under the plan. The expected rates of return reflect the asset allocation of the plans and ranged from 1.50% to 6.00% in 2019 and 1.75% to 6.00% in both 2018 and 2017 . The domestic plan rate is based primarily on broad publicly-traded-equity and fixed-income indices and forward-looking estimates of active portfolio and investment management. The expected rates of return on asset assumptions for the non-U.S. plans were determined on a plan-by-plan basis based on the composition of assets. We report all components of net periodic pension costs, with the exception of service costs, in other non-operating expenses, net as a component of Non-operating expenses, net in the accompanying Consolidated Statements of Earnings for all periods presented. Service costs are reported in Cost of sales and Selling, general, and administrative expenses in the accompanying Consolidated Statements of Earnings according to the classification of the participant’s compensation. Plan Assets Plan assets are invested in various insurance contracts and equity and debt securities as determined by the administrator of each plan. Some of these investments, consisting of mutual funds and other private investments, are valued using the net asset value (“NAV”) method as a practical expedient. The investments valued using the NAV method are allocated across a broad array of funds and diversify the portfolio. The value of the plan assets directly affects the funded status of our pension plans recorded in the financial statements. The fair values of our pension plan assets as of December 31, 2019 , by asset category were as follows ($ in millions): Quoted Prices in Active Market (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Cash and equivalents $ 3.4 $ — $ — $ 3.4 Equity securities: Common stock 7.3 — — 7.3 Preferred stock 1.7 — — 1.7 Fixed income securities: Corporate bonds — 8.5 — 8.5 Government issued — 2.7 — 2.7 Mutual funds — 30.7 — 30.7 Insurance contracts — 1.9 — 1.9 Total $ 12.4 $ 43.8 $ — $ 56.2 Investments measured at NAV (a) : Mutual funds 155.9 Other private investments 12.0 Total assets at fair value $ 224.1 (a) The fair value amounts presented in the table above are intended to permit reconciliation of the fair value hierarchy to the total fair value of plan assets. The fair values of our pension plan assets as of December 31, 2018 , by asset category were as follows ($ in millions): Quoted Prices in Active Market (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Cash and equivalents $ 2.7 $ — $ — $ 2.7 Fixed income securities: Corporate bonds — 0.4 — 0.4 Mutual funds — 8.1 — 8.1 Insurance contracts — 1.8 — 1.8 Total $ 2.7 $ 10.3 $ — $ 13.0 Investments measured at NAV (a) : Mutual funds 165.6 Other private investments 1.2 Total assets at fair value $ 179.8 (a) The fair value amounts presented in the table above are intended to permit reconciliation of the fair value hierarchy to the total fair value of plan assets. Certain mutual funds are valued at the quoted closing price reported on the active market on which the individual securities are traded. Common stock, corporate bonds, and mutual funds that are not traded on an active market are valued at quoted prices reported by investment brokers and dealers based on the underlying terms of the security and comparison to similar securities traded on an active market. Certain mutual funds and other private investments are valued using NAV based on the information provided by the asset fund managers, which reflects the plan’s share of the fair value of the net assets of the investment. Depending on the nature of the assets, the underlying investments are valued using a combination of either discounted cash flows, earnings and market multiples, third party appraisals, or through reference to the quoted market prices of the underlying investments held by the venture, partnership or private entity where available. In addition, some of these investments have limits on their redemption to monthly, quarterly, semiannually or annually and may require up to 90 days prior written notice. Valuation adjustments reflect changes in operating results, financial condition or prospects of the applicable portfolio company. The methods described above may produce a fair value estimate that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while we believe the valuation methods are appropriate and consistent with the methods used by other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date. Expected Contributions During 2019 , we contributed $11 million to our non-U.S. defined benefit pension plans. During 2020 , our cash contribution requirements for our U.S. and non-U.S. defined benefit pension plans are expected to be approximately $1 million and $10 million , respectively. The following sets forth benefit payments to participants, which reflect expected future service, as appropriate, expected to be paid by the plans in the periods indicated ($ in millions): U.S. Pension Plans Non-U.S. Pension Plans All Pension Plans 2020 $ 1.5 $ 11.4 $ 12.9 2021 1.5 11.9 13.4 2022 1.6 13.2 14.8 2023 1.7 12.2 13.9 2024 1.8 12.8 14.6 2025-2029 9.5 66.4 75.9 Defined Contribution Plans We administer and maintain 401(k) programs and contributions to the 401(k) programs are determined based on a percentage of compensation. We recognized compensation expense for our participating U.S. employees in the 401(k) programs totaling $63 million in 2019 , $53 million in 2018 , and $45 million in 2017 .

Sales

Sales	12 Months Ended
Sales	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Sales	NOTE 13. SALES On January 1, 2018, we adopted ASU 2014-09, Revenue from Contracts with Customers (“Topic 606”), using the modified retrospective method applied to those contracts which were not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606, while prior period amounts are not adjusted and continue to be reported in accordance with our historic accounting policy under ASC Topic 605, Revenue Recognition . We recorded an immaterial transition adjustment to opening retained earnings as of January 1, 2018 due to the cumulative impact of adopting Topic 606. The impact to sales as a result of applying Topic 606 was immaterial for the year ended December 31, 2018. Revenue is recognized when control of promised products or services is transferred to customers in an amount that reflects the consideration we expect to be entitled to in exchange for those products or services. Contract Assets — In certain circumstances, we record contract assets which include unbilled amounts typically resulting from sales under contracts when revenue recognized exceeds the amount billed to the customer, and right to payment is not only subject to the passage of time. Contract assets were $79 million as of December 31, 2019 and $32 million as of December 31, 2018 . Contract Costs — We incur direct incremental costs to obtain certain contracts, typically sales-related commissions and costs associated with assets used by our customers in certain service arrangements. Deferred sales-related commissions are generally not capitalized as the amortization period is one year or less, and we elected to use the practical expedient to expense these sales commissions as incurred. As of December 31, 2019 , we had $147 million in net revenue-related contract assets primarily related to certain software contracts recorded in Prepaid expenses and other current assets and Other assets in our Consolidated Balance Sheet. Our revenue-related contract assets at December 31, 2018 were $144 million , the majority of which were recorded in Property, plant and equipment, net in the Consolidated Balance Sheet. These assets have estimated useful lives between 3 and 8 years . Impairment losses recognized on our contract-related assets were immaterial during both the years ended December 31, 2019 and December 31, 2018 . Contract Liabilities — Our contract liabilities consist of deferred revenue generally related to post contract support (“PCS”) and extended warranty sales, where in most cases we receive up-front payment and recognize revenue over the support term. We classify deferred revenue as current or noncurrent based on the timing of when we expect to recognize revenue. The noncurrent portion of deferred revenue is included in Other long-term liabilities in the Consolidated Balance Sheets. Our contract liabilities as of December 31 consisted of the following ($ in millions): 2019 2018 Deferred revenue - current $ 410.1 $ 288.1 Deferred revenue - noncurrent 99.2 92.6 Total contract liabilities $ 509.3 $ 380.7 Acquisitions that closed in 2019 added $92 million of additional contract liabilities as of December 31, 2019 . In the year ended December 31, 2019 , we recognized $226 million of revenue related to our contract liabilities at January 1, 2019. The change in our contract liabilities from December 31, 2018 to December 31, 2019 was primarily due to the timing of cash receipts and sales of PCS and extended warranty services. Remaining Performance Obligations — Our remaining performance obligations represent the transaction price of firm, noncancelable orders and the average contract value for software contracts, with expected delivery dates to customers greater than one year from December 31, 2019 , for which work has not been performed. We have excluded performance obligations with an original expected duration of one year or less from the amounts below. The aggregate performance obligations attributable to each of our segments as of December 31, 2019 is as follows ($ in millions): 2019 Professional Instrumentation $ 136.1 Industrial Technologies 419.1 Total remaining performance obligations $ 555.2 The majority of remaining performance obligations are related to service and support contracts, which we expect to fulfill approximately 40 percent within the next two years , approximately 70 percent within the next three years , and substantially all within four years . Disaggregation of Revenue We disaggregate revenue from contracts with customers by sales of product and services, geographic location, major product group, and end market for each of our segments, as we believe it best depicts how the nature, amount, timing, and uncertainty of our revenue and cash flows are affected by economic factors. Disaggregation of revenue for the year ended December 31, 2019 is presented as follows ($ in millions): Total Professional Instrumentation Industrial Technologies Sales: Sales of products $ 6,396.9 $ 3,792.8 $ 2,604.1 Sales of services 923.1 635.0 288.1 Total $ 7,320.0 $ 4,427.8 $ 2,892.2 Geographic: United States $ 4,206.5 $ 2,354.9 $ 1,851.6 China 592.0 487.3 104.7 All other (each country individually less than 5% of total sales) 2,521.5 1,585.6 935.9 Total $ 7,320.0 $ 4,427.8 $ 2,892.2 Major Products Group: Professional tools and equipment $ 5,014.7 $ 2,880.8 $ 2,133.9 Industrial automation, controls and sensors 484.1 370.5 113.6 Franchise distribution 637.9 — 637.9 Medical technologies 934.2 927.4 6.8 All other 249.1 249.1 — Total $ 7,320.0 $ 4,427.8 $ 2,892.2 End markets: Direct sales: Retail fueling (a) $ 1,903.6 $ — $ 1,903.6 Industrial & Manufacturing 448.1 390.8 57.3 Vehicle repair (a) 574.7 — 574.7 Utilities & Power 199.6 199.6 — Medical (a) 934.2 927.4 6.8 Other 1,586.9 1,312.5 274.4 Total direct sales 5,647.1 2,830.3 2,816.8 Distributors (a) 1,672.9 1,597.5 75.4 Total $ 7,320.0 $ 4,427.8 $ 2,892.2 (a) Retail fueling, Vehicle repair, and Medical include sales to these end markets made through third-party distributors. Total distributor sales for the year ended December 31, 2019 was $3,158.4 million. Disaggregation of revenue for the year ended December 31, 2018 is presented as follows ($ in millions): Total Professional Instrumentation Industrial Technologies Sales: Sales of products $ 5,755.0 $ 3,215.2 $ 2,539.8 Sales of services 697.7 439.9 257.8 Total $ 6,452.7 $ 3,655.1 $ 2,797.6 Geographic: United States $ 3,539.6 $ 1,829.6 $ 1,710.0 China 569.0 459.5 109.5 All other (each country individually less than 5% of total sales) 2,344.1 1,366.0 978.1 Total $ 6,452.7 $ 3,655.1 $ 2,797.6 Major Products Group: Professional tools and equipment $ 4,690.7 $ 2,663.1 $ 2,027.6 Industrial automation, controls and sensors 504.0 381.4 122.6 Franchise distribution 640.0 — 640.0 Medical technologies (c) 393.7 386.3 7.4 All other 224.3 224.3 — Total $ 6,452.7 $ 3,655.1 $ 2,797.6 End markets: Direct sales: Retail fueling (a) $ 1,777.5 $ — $ 1,777.5 Industrial & Manufacturing 445.1 384.5 60.6 Vehicle repair (a) 581.5 — 581.5 Utilities & Power 172.3 171.0 1.3 Medical (b) 393.7 386.3 7.4 Other 1,379.3 1,074.9 304.4 Total direct sales 4,749.4 2,016.7 2,732.7 Distributors (a) 1,703.3 1,638.4 64.9 Total $ 6,452.7 $ 3,655.1 $ 2,797.6 (a) Retail fueling and Vehicle repair include sales to these end markets made through third-party distributors. Total distributor sales for the year ended December 31, 2018 was $3,136.8 million. (b) Sales were previously disclosed in Other. (c) Sales were previously disclosed in Professional tools and equipment, Industrial automation, controls and sensors, and All other. Disaggregation of revenue for the year ended December 31, 2017 is presented as follows ($ in millions): Total Professional Instrumentation Industrial Technologies Sales: Sales of products $ 5,173.3 $ 2,813.2 $ 2,360.1 Sales of services 582.8 325.9 256.9 Total $ 5,756.1 $ 3,139.1 $ 2,617.0 Geographic: United States $ 3,148.7 $ 1,486.0 $ 1,662.7 China 498.4 416.7 81.7 All other (each country individually less than 5% of total sales) 2,109.0 1,236.4 872.6 Total $ 5,756.1 $ 3,139.1 $ 2,617.0 Major Products Group: Professional tools and equipment $ 4,211.3 $ 2,338.7 $ 1,872.6 Industrial automation, controls and sensors 481.5 368.3 113.2 Franchise distribution 626.2 — 626.2 Medical technologies (c) 233.9 228.9 5.0 All other 203.2 203.2 — Total $ 5,756.1 $ 3,139.1 $ 2,617.0 End markets: Direct sales: Retail fueling (a) $ 1,637.8 $ — $ 1,637.8 Industrial & Manufacturing 314.9 265.8 49.1 Vehicle repair (a) 569.3 — 569.3 Utilities & Power 228.2 227.3 0.9 Medical (b) 233.9 228.9 5.0 Other 1,261.3 965.3 296.0 Total direct sales 4,245.4 1,687.3 2,558.1 Distributors (a) 1,510.7 1,451.8 58.9 Total $ 5,756.1 $ 3,139.1 $ 2,617.0 (a) Retail fueling and Vehicle repair include sales to these end markets made through third-party distributors. Total distributor sales for the year ended December 31, 2017 was $2,877.8 million. (b) Sales were previously disclosed in Other (c) Sales were previously disclosed in Professional tools and equipment, Industrial automation, controls and sensors, and All other

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 14. INCOME TAXES Tax Cuts and Jobs Act On December 22, 2017, the U.S. enacted comprehensive tax reform commonly referred to as the Tax Cuts and Jobs Act (the “TCJA”). The U.S. Government continues to issue significant amounts of TCJA guidance and we expect that to continue for the foreseeable future. The Company is actively monitoring the impact of new Treasury Regulations. Any future adjustments resulting from retrospective guidance issued after December 31, 2019 will be considered as discrete income tax expense or benefit in the interim period the guidance is issued. During 2018, the Company made the election on the 2017 Federal Income Tax Return to pay the one-time TCJA Transition Tax liability over an eight-year period without interest, as allowed by TCJA. The IRS has issued guidance that requires offset of 2017 and 2018 tax return refunds against the long-term liability subject to the eight-year payment election. Separation from Danaher and Disposition of the A&S Business In connection with the Separation, we entered into the Agreements with Danaher, including a tax matters agreement. The tax matters agreement distinguishes between the treatment of tax matters for “joint” filings compared to “separate” filings prior to the Separation. “Joint” filings involve legal entities, such as those in the United States, that include operations from both Danaher and the Company. By contrast, “separate” filings involve certain entities (primarily outside of the United States), that exclusively include either Danaher’s or the Company’s operations, respectively. In accordance with the tax matters agreement, the Company is liable for and has indemnified Danaher against all income tax liabilities involving “separate” filings for periods prior to the Separation. During 2018, the Company entered into a Tax Matters Agreement in connection with the split-off of the A&S Business. The Company remains liable for pre-disposition income tax liabilities related to the A&S Business. Earnings and Income Taxes Earnings before income taxes for the years ended December 31 were as follows ($ in millions): 2019 2018 2017 United States $ 572.4 $ 687.7 $ 679.6 International 302.1 390.7 394.0 Total $ 874.5 $ 1,078.4 $ 1,073.6 The provision for income taxes for the years ended December 31 were as follows ($ in millions): 2019 2018 2017 Current: Federal U.S. $ 38.9 $ 48.3 $ 170.0 Non-U.S. 84.6 96.3 69.8 State and local 11.7 7.8 10.5 Deferred: Federal U.S. 43.0 27.3 (62.0 ) Non-U.S. (21.1 ) (19.6 ) (1.7 ) State and local (8.0 ) — 2.7 Income tax provision $ 149.1 $ 160.1 $ 189.3 Effective Income Tax Rate The effective income tax rate for the years ended December 31 varies from the U.S. statutory federal income tax rate as follows: Percentage of Pretax Earnings 2019 2018 2017 Statutory federal income tax rate 21.0 % 21.0 % 35.0 % Increase (decrease) in tax rate resulting from: State income taxes (net of federal income tax benefit) (0.3 )% 1.0 % 0.7 % Foreign income taxed at different rates than U.S. statutory rate (0.7 )% 0.8 % (5.3 )% U.S. federal permanent differences related to the TCJA (6.2 )% (4.8 )% (2.9 )% Compensation related (1.0 )% (1.5 )% (1.7 )% Other 0.5 % (0.5 )% (1.6 )% Effective income tax rate before adjustments related to the 2017 TCJA provisional estimates 13.3 % 16.0 % 24.2 % Deferred tax revaluation — % (1.3 )% (19.2 )% Transition tax — % 0.1 % 12.6 % Vontier transaction tax costs 3.7 % — % — % Total Vontier transaction tax costs and adjustments to 2017 TCJA provisional estimates 3.7 % (1.2 )% (6.6 )% Effective income tax rate after adjustments related to the Vontier transaction tax costs and 2017 TCJA provisional estimates 17.0 % 14.8 % 17.6 % Our effective tax rate for 2019 differs from the U.S. federal statutory rate of 21% due primarily to the effect of the TCJA U.S. federal permanent differences, the impact of credits and deductions provided by law, and earnings outside the United States that are indefinitely reinvested and taxed at rates lower than the U.S. federal statutory rate, offset by tax costs related to transactions completed in 2019 in anticipation of our separation into two independent, publicly traded companies. Our effective tax rate for 2018 differs from the U.S. federal statutory rate of 21% due primarily to the effect of the TCJA U.S. federal permanent differences, the impact of credits and deductions provided by law, earnings outside the United States that are taxed at rates lower than the U.S. federal statutory rate, and the effect of adjustments to the provision estimates recorded in 2017 related to the TCJA as permitted under the SEC Staff Accounting Bulletin No. 118 (“SAB 118”) issued on December 22, 2017. Our effective tax rate for 2017, including provisional estimates of the TCJA, differs from the U.S. federal statutory rate of 35.0% due primarily to net favorable impacts associated with the TCJA, our earnings outside the United States that are indefinitely reinvested and taxed at rates lower than the U.S. federal statutory rate, the impact of credits and deductions provided by law, state tax impacts, and favorable adjustments related to differences between estimates included in the 2016 provision and amounts calculated on the 2016 U.S. income tax return filed in October 2017. SAB 118 provides guidance on the financial statement implications of the TCJA. Pursuant to SAB 118, the Company recorded cumulatively $83 million of net favorable adjustments, which is made up of net favorable adjustments of $13 million and $70 million recorded during the years ended December 31, 2018 and 2017, respectively. The 2018 effective tax rate included the true-up to the 2017 provisional estimates as a discrete adjustment. The 2017 provisional estimates for the one-time TCJA Transition Tax resulted in additional tax expense of $1 million and $135 million during the years ended December 31, 2018 and 2017, respectively. The provisional estimated tax benefit for the deferred tax revaluation resulted in additional tax benefit of $14 million and $205 million during the years ended December 31, 2018 and 2017, respectively. We conduct business globally, and, as part of our global business, we file numerous income tax returns in the U.S. federal, state and foreign jurisdictions. After the TCJA, our ability to obtain a tax benefit in certain countries that continue to have lower statutory tax rates than the United States is dependent on our levels of taxable income in such foreign countries. We believe that a change in the statutory tax rate of any individual foreign country would not have a material effect on our financial statements given the geographic dispersion of our taxable income. We are routinely examined by various domestic and international taxing authorities. The amount of income taxes we pay is subject to audit by federal, state, and foreign tax authorities, which may result in proposed assessments. The Company is subject to examination in the United States, various states, and foreign jurisdictions for the tax years 2010 to 2019. We review our global tax positions on a quarterly basis. Based on these reviews, the results of discussions and resolutions of matters with certain tax authorities, tax rulings and court decisions, and the expiration of statutes of limitations reserves for contingent tax liabilities are accrued or adjusted as necessary. We made income tax payments of $145 million , $89 million , and $196 million during the years ended December 31, 2019 , December 31, 2018 and December 31, 2017 , respectively. Deferred Tax Assets and Liabilities All deferred tax assets and liabilities have been classified as noncurrent and are included in Other assets and Other long-term liabilities in the accompanying Consolidated Balance Sheets. Deferred income tax assets and liabilities as of December 31 were as follows ($ in millions): 2019 2018 Deferred Tax Assets: Allowance for doubtful accounts $ 16.7 $ 17.4 Operating lease liabilities 44.4 — Inventories 16.6 17.9 Pension benefits 30.3 27.3 Environmental and regulatory compliance 10.4 10.1 Other accruals and prepayments 35.2 50.5 Deferred service income 15.1 7.1 Warranty services 16.0 19.7 Stock-based compensation expense 27.8 14.2 Tax credit and loss carryforwards 171.4 131.4 Valuation allowances (58.4 ) (40.3 ) Total deferred tax assets $ 325.5 $ 255.3 Deferred Tax Liabilities: Property, plant and equipment $ (47.3 ) $ (11.7 ) Operating lease right-of-use assets (43.7 ) — Insurance, including self-insurance (200.5 ) (155.2 ) Goodwill and other intangibles (722.0 ) (597.1 ) Other (26.7 ) (14.7 ) Total deferred tax liabilities (1,040.2 ) (778.7 ) Net deferred tax liability $ (714.7 ) $ (523.4 ) In accordance with GAAP, deferred tax assets and liabilities are determined based on the difference between the financial statement and tax basis of assets and liabilities using enacted rates expected to be in effect during the year in which the differences reverse. Deferred tax assets generally represent items that can be used as a tax deduction or credit in our tax return in future years for which the tax benefit has already been reflected in our Consolidated Statements of Earnings. Deferred tax liabilities generally represent items that have already been taken as a deduction on our tax return but have not yet been recognized as an expense in our Consolidated Statements of Earnings. The effect on deferred tax assets and liabilities due to a change in tax rates is recognized in income tax expense in the period that includes the enactment date. Our deferred tax assets are reduced by a valuation allowance if, based on the weight of available evidence, it is more likely than not (a likelihood of more than 50 percent) that some portion or all of the deferred tax assets will not be realized. We evaluate the realizability of deferred income tax assets for each of the jurisdictions in which we operate. If we experience cumulative pretax income in a particular jurisdiction in the three-year period including the current and prior two years, we normally conclude that the deferred income tax assets will more likely than not be realizable and no valuation allowance is recognized, unless known or planned operating developments would lead management to conclude otherwise. However, if we experience cumulative pretax losses in a particular jurisdiction in the three-year period including the current and prior two years, we then consider a series of factors in the determination of whether the deferred income tax assets can be realized. These factors include historical operating results, known or planned operating developments, the period of time over which certain temporary differences will reverse, consideration of the utilization of certain deferred income tax liabilities, tax law carryback capability in the particular country, and prudent and feasible tax planning strategies. After evaluation of these factors, if the deferred income tax assets are expected to be realized within the tax carryforward period allowed for that specific country, we would conclude that no valuation allowance would be required. To the extent that the deferred income tax assets exceed the amount that is expected to be realized within the tax carryforward period for a particular jurisdiction, we establish a valuation allowance. Applying the above methodology, valuation allowances have been established for certain deferred income tax assets to the extent they are not expected to be realized within the particular tax carryforward period. Deferred taxes associated with U.S. entities consist of net deferred tax liabilities of approximately $659 million and $559 million inclusive of valuation allowances of $22 million and $13 million as of December 31, 2019 and December 31, 2018 , respectively. Deferred taxes associated with non-U.S. entities consist of net deferred tax liabilities of $56 million and net deferred tax assets of $36 million , inclusive of valuation allowances of $36 million and $27 million , as of December 31, 2019 and December 31, 2018 , respectively. Our valuation allowance increased by $18 million and by $14 million during the years ended December 31, 2019 and December 31, 2018 , respectively, due primarily to foreign net operating losses in both years and state operating losses in 2019. As of December 31, 2019 , our U.S. and non-U.S. net operating loss carryforwards totaled $886 million , of which $225 million is related to federal net operating loss carryforwards, $347 million is related to state net operating loss carryforwards, and $314 million is related to non-U.S. net operating loss carryforwards. Included in deferred tax assets as of December 31, 2019 are tax benefits for U.S. and non-U.S. net operating loss carryforwards totaling $130 million , before applicable valuation allowances of $42 million . Certain of these losses can be carried forward indefinitely and others can be carried forward to various dates from 2020 through 2037 . Recognition of some of these loss carryforwards is subject to an annual limit, which may cause them to expire before they are used. As of December 31, 2019 , our U.S. and non-U.S. tax credit carryforwards totaled $41 million , which is primarily related to U.S. tax credit carryforwards. Certain of these credits can be carried forward indefinitely and other can be carried forward to various dates from 2020 through 2037. As of December 31, 2019 , we maintain a $13 million valuation allowance related to certain tax credit carryforwards from the Separation. Unrecognized Tax Benefits We recognize tax benefits from uncertain tax positions only if, in our assessment, it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such positions are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. Judgment is required in evaluating tax positions and determining income tax provisions. We re-evaluate the technical merits of our tax positions and may recognize an uncertain tax benefit in certain in certain circumstances, including when: (i) a tax audit is completed; (ii) applicable tax laws change, including a tax case ruling or legislative guidance; or (iii) the applicable statute of limitations expires. We recognize potential accrued interest and penalties associated with unrecognized tax positions in income tax expense. As of December 31, 2019 , gross unrecognized tax benefits for continuing and discontinued operations were $215 million ( $231 million total, including $23 million associated with interest and penalties, and net of the impact of $7 million of indirect tax benefits). As of December 31, 2018 , gross unrecognized tax benefits for continuing and discontinued operations were $133 million ( $144 million total, including $16 million associated with interest and penalties, and net of the impact of $5 million of indirect tax benefits). We recognized approximately $8 million and $4 million in potential interest and penalties associated with uncertain tax positions during 2019 and 2018 , respectively. This amount was not significant during 2017. To the extent taxes are not assessed with respect to uncertain tax positions, substantially all amounts accrued (including interest and penalties and net of indirect offsets) will be reduced and reflected as a reduction of the overall income tax provision. Unrecognized tax benefits and associated accrued interest and penalties are included in our income tax provision. A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding amounts accrued for potential interest and penalties, is as follows ($ in millions): 2019 2018 2017 Unrecognized tax benefits, beginning of year $ 133.4 $ 59.0 $ 28.6 Additions based on tax positions related to the current year 17.8 40.8 25.3 Additions for tax positions of prior years 79.7 39.0 7.8 Reductions for tax positions of prior years (13.0 ) (3.8 ) (1.9 ) Lapse of statute of limitations (2.3 ) (3.5 ) (3.3 ) Settlements (0.3 ) (6.4 ) (0.6 ) Effect of foreign currency translation (0.4 ) (0.9 ) 1.9 Separation related adjustments (a) — 9.2 1.2 Unrecognized tax benefits, end of year $ 214.9 $ 133.4 $ 59.0 (a) Unrecognized tax benefit reserves increased by $9 million and $1 million during the year ended December 31, 2018 and December 31, 2017, respectively, due primarily to unrecognized tax benefits from pre-Separation periods. Repatriation and Unremitted Earnings The TCJA eliminated the U.S. tax cost for qualified repatriation beginning in 2018. Foreign cumulative earnings remain subject to foreign remittance taxes. As a result of the TCJA, during 2018, we repatriated an estimated $275 million subject to no foreign remittance taxes. The remittance excluded foreign earnings: 1) required as working capital for local operating needs, 2) subject to local law restrictions, 3) subject to high foreign remittance tax costs, 4) previously invested in physical assets or acquisitions, or 5) intended for future acquisitions/growth. For most of our foreign operations, we make an assertion regarding the amount of earnings in excess of intended repatriation that are expected to be held for indefinite reinvestment. No provisions for foreign remittance taxes have been made with respect to earnings that are planned to be reinvested indefinitely. The amount of foreign remittance taxes that may be applicable to such earnings is not readily determinable given local law restrictions that may apply to a portion of such earnings, unknown changes in foreign tax law that may occur during the applicable restriction periods caused by applicable local corporate law for cash repatriation, and the various tax planning alternatives we could employ if we repatriated these earnings. The TCJA imposed a final U.S. tax on cumulative earnings from our foreign operations that we have previously made an assertion regarding the amount of such earnings intended for indefinite reinvestment. As of December 31, 2019 , the earnings we plan to reinvest indefinitely outside of the United States for which foreign deferred taxes have not been provided was estimated at $2.4 billion .

Restructuring and Other Related

Restructuring and Other Related Charges	12 Months Ended
Restructuring and Other Related Charges	Dec. 31, 2019
Restructuring and Related Activities [Abstract]
Restructuring and Other Related Charges	NOTE 15. RESTRUCTURING AND OTHER RELATED CHARGES Restructuring and other related charges for the years ended December 31 were as follows ($ in millions): 2019 2018 2017 Employee severance related $ 53.0 $ 5.0 $ 13.8 Facility exit and other related 3.6 0.9 2.5 Impairment charges — 1.1 2.3 Total restructuring and other related charges $ 56.6 $ 7.0 $ 18.6 Substantially all restructuring activities initiated in 2019 were completed by December 31, 2019 . We expect substantially all cash payments associated with remaining termination benefits recorded in 2019 will be paid during 2020 and all planned restructuring activities related to the 2018 and 2017 plans have been completed. Impairment charges relate to certain intangible assets. The nature of our restructuring and related activities initiated in 2019 , 2018 , and 2017 were broadly consistent throughout our segments and focused on improvements in operational efficiency through targeted workforce reductions and facility consolidations and closures. We incurred these costs to position ourselves to provide superior products and services to our customers in a cost-efficient manner, and taking into consideration broad economic uncertainties. Restructuring and other related charges recorded for the years ended December 31 by segment were as follows ($ in millions): 2019 2018 2017 Professional Instrumentation $ 47.8 $ 4.5 $ 12.8 Industrial Technologies 8.8 2.5 5.8 Total $ 56.6 $ 7.0 $ 18.6 The table below summarizes the accrual balance and utilization by type of restructuring cost associated with our 2019 and 2018 restructuring actions ($ in millions): Balance as of January 1, 2018 Costs Incurred Paid/ Settled Balance as of December 31, 2018 Costs Incurred Paid/ Settled Balance as of December 31, 2019 Employee severance and related $ 9.5 $ 5.0 $ (9.6 ) $ 4.9 $ 53.0 $ (21.0 ) $ 36.9 Facility exit and other related 0.8 2.0 (2.3 ) 0.5 3.6 (3.7 ) 0.4 Total $ 10.3 $ 7.0 $ (11.9 ) $ 5.4 $ 56.6 $ (24.7 ) $ 37.3 The restructuring and other related charges incurred during 2019 were substantially all cash charges. The restructuring and other related charges incurred during 2018 included cash charges of $6 million and $1 million of noncash charges. The restructuring and other related charges incurred during 2017 included cash charges of $16 million and $2 million of noncash charges. These charges are reflected in the following captions in the accompanying Consolidated Statements of Earnings ($ in millions): 2019 2018 2017 Cost of sales $ 15.8 $ 2.0 $ 2.0 Selling, general, and administrative expenses 40.8 5.0 16.6 Total $ 56.6 $ 7.0 $ 18.6

Litigation and Contingencies

Litigation and Contingencies	12 Months Ended
Litigation and Contingencies	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Litigation and Contingencies	NOTE 16. LITIGATION AND CONTINGENCIES We are, from time to time, subject to a variety of litigation and other proceedings incidental to our business, including lawsuits involving claims for damages arising out of the use of our products, software and services, claims relating to intellectual property matters, employment matters, commercial disputes, and personal injury as well as regulatory investigations or enforcement. We may also become subject to lawsuits as a result of past or future acquisitions or as a result of liabilities retained from, or representations, warranties, or indemnities provided in connection with divested businesses. Some of these lawsuits may include claims for punitive and consequential as well as compensatory damages. Based upon our experience, current information and applicable law, we do not believe that these proceedings and claims will have a material adverse effect on our financial position, results of operations or cash flows. While we maintain workers compensation, property, cargo, automobile, crime, fiduciary, product, general, and directors’ and officers’ liability insurance (and have acquired rights under similar policies in connection with certain acquisitions) that cover a portion of these claims, this insurance may be insufficient or unavailable to cover such losses. In addition, while we believe we are entitled to indemnification from third parties for some of these claims, these rights may also be insufficient or unavailable to cover such losses. We maintain third party insurance policies up to certain limits to cover certain liability costs in excess of predetermined retained amounts. For most insured risks, we purchase outside insurance coverage only for severe losses (stop loss insurance) and reserves must be established and maintained with respect to amounts within the self-insured retention. In accordance with accounting guidance, we record a liability in our consolidated financial statements for loss contingencies when a loss is known or considered probable and the amount can be reasonably estimated. If the reasonable estimate of a known or probable loss is a range, and no amount within the range is a better estimate than any other, the minimum amount of the range is accrued. If a loss does not meet the known or probable level but is reasonably possible and a loss or range of loss can be reasonably estimated, the estimated loss or range of loss is disclosed. These reserves consist of specific reserves for individual claims and additional amounts for anticipated developments of these claims as well as for incurred but not yet reported claims. The specific reserves for individual known claims are quantified with the assistance of legal counsel and outside risk insurance professionals where appropriate. In addition, outside risk insurance professionals may assist in the determination of reserves for incurred but not yet reported claims through evaluation of our specific loss history, actual claims reported, and industry trends among statistical and other factors. Reserve estimates are adjusted as additional information regarding a claim becomes known. While we actively pursue financial recoveries from insurance providers, we do not recognize any recoveries until realized or until such time as a sustained pattern of collections is established related to historical matters of a similar nature and magnitude. If risk insurance reserves we have established are inadequate, we would be required to incur an expense equal to the amount of the loss incurred in excess of the reserves, which would adversely affect our net earnings. Refer to Note 9 for information about the amount of our accruals for self-insurance and litigation liability. In addition, our operations, products, and services are subject to environmental laws and regulations in various jurisdictions, which impose limitations on the discharge of pollutants into the environment and establish standards for the generation, use, treatment, storage, and disposal of hazardous and non-hazardous wastes. A number of our operations involve the handling, manufacturing, use, or sale of substances that are or could be classified as hazardous materials within the meaning of applicable laws. We must also comply with various health and safety regulations in both the United States and abroad in connection with our operations. Compliance with these laws and regulations has not had and, based on current information and the applicable laws and regulations currently in effect, is not expected to have a material effect on our capital expenditures, earnings, or competitive position, and we do not anticipate material capital expenditures for environmental control facilities. In addition to environmental compliance costs, from time to time, we incur costs related to alleged damages associated with past or current waste disposal practices or other hazardous materials handling practices. For example, generators of hazardous substances found in disposal sites at which environmental problems are alleged to exist, as well as the current and former owners of those sites and certain other classes of persons, are subject to claims brought by state and federal regulatory agencies pursuant to statutory authority. We have received notification from the United States Environmental Protection Agency, and from state and non-U.S. environmental agencies, that conditions at certain sites where we and others previously disposed of hazardous wastes and/or are or were property owners require clean-up and other possible remedial action, including sites where we have been identified as a potentially responsible party under United States federal and state environmental laws. We have projects underway at a number of current and former facilities, in both the United States and abroad, to investigate and remediate environmental contamination resulting from past operations. Remediation activities generally relate to soil and/or groundwater contamination and may include pre-remedial activities such as fact-finding and investigation, risk assessment, feasibility study and/or design, as well as remediation actions such as contaminant removal, monitoring and/or installation, operation and maintenance of longer-term remediation systems. From time to time we are also party to personal injury or other claims brought by private parties alleging injury due to the presence of, or exposure to, hazardous substances. We have recorded a provision for environmental investigation and remediation and environmental-related claims with respect to sites we and our subsidiaries owned or formerly owned and third party sites where we have been determined to be a potentially responsible party. We generally make an assessment of the costs involved for our remediation efforts based on environmental studies, as well as our prior experience with similar sites. The ultimate cost of site cleanup is difficult to predict given the uncertainties of our involvement in certain sites, uncertainties regarding the extent of the required cleanup, the availability of alternative cleanup methods, variations in the interpretation of applicable laws and regulations, the possibility of insurance recoveries with respect to certain sites and the fact that imposition of joint and several liability with right of contribution is possible under the Comprehensive Environmental Response, Compensation and Liability Act of 1980 and other environmental laws and regulations. If we determine that potential liability for a particular site or with respect to a personal injury claim is known or considered probable and reasonably estimable, we accrue the total estimated loss, including investigation and remediation costs, associated with the site or claim. As of December 31, 2019 , we had a reserve of $13 million included in Accrued expenses and Other liabilities in the Consolidated Balance Sheets for environmental matters that are known or considered probable and reasonably estimable, which reflects our best estimate of the costs to be incurred with respect to such matters on an undiscounted basis. All reserves for environmental liabilities have been recorded without giving effect to any possible future third party recoveries. While we actively pursue insurance recoveries, as well as recoveries from other potentially responsible parties, we do not recognize any insurance recoveries for environmental liability claims until realized or until such time as a sustained pattern of collections is established related to historical matters of a similar nature and magnitude. As of December 31, 2019 and 2018 , we had approximately $121 million and $138 million , respectively, of guarantees consisting primarily of outstanding standby letters of credit, bank guarantees, and performance and bid bonds. These guarantees have been provided in connection with certain arrangements with vendors, customers, financing counterparties and governmental entities to secure our obligations and/or performance requirements related to specific transactions. We believe that if the obligations under these instruments were triggered, they would not have a material effect on our consolidated financial statements.

Stock Based Compensation

Stock Based Compensation	12 Months Ended
Stock Based Compensation	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
Stock Based Compensation	NOTE 17. STOCK BASED COMPENSATION The 2016 Stock Incentive Plan (the “Stock Plan”) provides for the grant of stock appreciation rights, restricted stock units (“RSUs”), performance stock units (“PSUs”), performance-based restricted stock awards (“RSAs”), and performance stock awards (“PSAs”) (collectively, “Stock Awards”), stock options, or any other stock-based award. A total of 40 million shares of our common stock have been authorized for issuance under the Stock Plan. As of December 31, 2019 , approximately 20 million shares of our common stock remain available for issuance under the Stock Plan. Stock options under the Stock Plan generally vest pro rata over a five -year period and terminate 10 years from the grant date, though the specific terms of e ach grant are determined by the Compensation Committee of our Board of Directors. Our executive officers and certain other employees may be awarded stock options with different vesting criteria and stock options granted to non-employee directors are fully vested as of the grant date. Exercise prices for stock options granted under the Stock Plan were equal to the closing price of Fortive’s common stock on the NYSE on the date of grant, while stock options issued as conversion awards in connection with the Separation from Danaher were priced to maintain the economic value before and after the Separation. RSUs and RSAs issued under the Stock Plan provide for the issuance of common stock at no cost to the holder. RSUs granted to employees under the Stock Plan generally provide for time-based vesting over five years , although certain employees may be awarded RSUs with different time-based vesting criteria, and RSAs granted to members of our senior management are also subject to performance-based vesting criteria. RSUs granted to non-employee directors under the Stock Plan vest on the earlier of the first anniversary of the grant date or the date of, and immediately prior to, the next annual meeting of our shareholders following the grant date. However, the underlying shares are not issued until the earlier of the director’s death or the first day of the seventh month following the director’s retirement from the Board of Directors (the “Board”). Prior to vesting, RSUs granted under the Stock Plan do not have dividend equivalent rights, do not have voting rights, and the shares underlying the RSUs are not considered issued or outstanding. RSAs granted under the Stock Plan have all of the same dividend, voting, and other rights corresponding to all other common stock, provided, however, that the dividends payable on the RSAs will accrue and be delivered at the time of delivery of the shares upon vesting of the RSA. During 2019, 2018, and 2017 PSAs and PSUs were granted under the Stock Plan. These awards vest based on our total shareholder return ranking relative to the S&P 500 Index. Stock awards generally vest only if the employee is employed by us (or in the case of directors, the director continues to serve on the Board) on the vesting date. To cover the exercise of stock options, vesting of RSUs and PSUs, and issuances of RSAs and PSAs, we generally issue shares authorized but previously unissued, although we may instead issue treasury shares; provided, however, that, either type of issuance would equally reduce the number of shares available under our Stock Plan. We account for stock-based compensation by measuring the cost of employee services received in exchange for all equity awards granted based on the fair value of the award as of the grant date. We recognize the compensation expense over the requisite service period (which is generally the vesting period but may be shorter than the vesting period, for example, if the employee becomes retirement eligible before the end of the vesting period). The fair value of RSUs is calculated using the closing price of Fortive common stock on the date of grant, adjusted for the impact of RSUs not having dividend rights prior to vesting. The fair value of RSAs is calculated using the closing price of Fortive common stock on the date of grant. The fair value of the PSUs and PSAs is calculated using a Monte Carlo pricing model. The fair value of the stock options granted is calculated using a Black-Scholes Merton (“Black-Scholes”) option pricing model. In connection with the exercise of certain stock options and the vesting of Stock Awards issued under the Stock Plan, a number of our shares sufficient to fund statutory minimum tax withholding requirements have been withheld from the total shares issued or released to the award holder (though under the terms of the Stock Plan, the shares are considered to have been issued and are not added back to the pool of shares available for grant). During the year ended December 31, 2019 , approximately 193 thousand shares of Fortive common stock with an aggregate value of approximately $15 million , were withheld to satisfy this requirement. The tax withholding is treated as a reduction in Additional paid-in capital in the accompanying Consolidated Statement of Changes in Equity. Stock-based Compensation Expense Stock-based compensation has been recognized as a component of Selling, general, and administrative expenses in the accompanying Consolidated Statements of Earnings. The amount of stock-based compensation expense recognized during a period is based on the portion of the awards that are ultimately expected to vest. We estimate pre-vesting forfeitures at the time of grant by analyzing historical data and revise those estimates in subsequent periods if actual forfeitures differ from those estimates. Ultimately, the total expense recognized over the vesting period will equal the fair value of awards that actually vest. The following summarizes the components of our stock-based compensation expense under the Stock Plan for the years ended December 31 ($ in millions): 2019 2018 2017 Stock Awards: Pretax compensation expense $ 39.5 $ 30.5 $ 26.9 Income tax benefit (7.5 ) (6.3 ) (8.7 ) Stock Award expense, net of income taxes 32.0 24.2 18.2 Stock options: Pretax compensation expense 21.9 20.3 17.3 Income tax benefit (3.3 ) (4.2 ) (5.7 ) Stock option expense, net of income taxes 18.6 16.1 11.6 Total stock-based compensation: Pretax compensation expense 61.4 50.8 44.2 Income tax benefit (10.8 ) (10.5 ) (14.4 ) Total stock-based compensation expense, net of income taxes $ 50.6 $ 40.3 $ 29.8 When stock options are exercised by the employee or Stock Awards vest, we derive a tax deduction measured by the excess of the market value on such date over the grant date price. Accordingly, we record the excess of the tax benefit related to the exercise of stock options and vesting of Stock Awards over the expense recorded for financial statement reporting purposes (the “Excess Tax Benefit”) as a component of Income tax expense and as an operating cash inflow in the accompanying consolidated financial statements. During the years ended December 31, 2019 , 2018 , and 2017 we realized an Excess Tax Benefit of $13 million , $17 million , and $17 million , respectively, related to stock options that were exercised and Stock Awards that vested. The following summarizes the unrecognized compensation cost for the Stock Plan awards as of December 31, 2019 . This compensation cost is expected to be recognized over a weighted average period of approximately three years , representing the remaining service period related to the awards. Future compensation amounts will be adjusted for any changes in estimated forfeitures ($ in millions): Stock Awards $ 61.2 Stock options 55.4 Total unrecognized compensation cost $ 116.6 Stock Options The following summarizes the assumptions used in the Black-Scholes model to value stock options granted under the Stock Plan during the years ended December 31: 2019 2018 2017 Risk-free interest rate 1.43% - 2.6% 2.71% - 2.96% 1.9% - 2.26% Volatility (a) 19.9 % 18.8 % 20.9 % Dividend yield (b) 0.4 % 0.4 % 0.5 % Expected years until exercise 5.5 - 8.0 5.5 - 8.0 5.5 - 8.0 Weighted average fair value at date of grant $ 19.38 $ 18.67 $ 13.43 (a) Beginning August 2018, expected volatility was based on a weighted average blend of the company’s historical stock price volatility from July 2, 2016 (the date of Separation) through the stock option grant date and the average historical stock price volatility of a group of peer companies for the expected term of the options. The weighted average volatility from July 2, 2016 to July 2018 was estimated based on an average historical stock price volatility of a group of peer companies given our limited trading history. (b) The dividend yield is calculated by dividing our annual dividend, based on the most recent quarterly dividend rate, by Fortive’s closing stock price on the grant date. The following summarizes option activity under the Stock Plan for the years ended December 31, 2019 , 2018 , and 2017 (in millions, except price per share and numbers of years): Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value Outstanding as of January 1, 2017 9.4 $ 33.23 Granted 1.7 58.07 Exercised (1.0 ) 24.77 Canceled/forfeited (0.4 ) 45.12 Outstanding as of December 31, 2017 9.7 38.09 Granted 1.7 76.67 Exercised (1.4 ) 28.99 Canceled/forfeited (0.3 ) 54.13 Outstanding as of December 31, 2018 9.7 46.25 Granted 2.2 79.61 Exercised (1.2 ) 33.84 Canceled/forfeited (0.5 ) 66.16 Outstanding as of December 31, 2019 10.2 $ 53.64 6.2 $ 242.0 Vested and expected to vest as of December 31, 2019 (a) 10.0 $ 53.12 6.1 $ 240.5 Vested as of December 31, 2019 4.8 $ 38.14 4.2 $ 184.5 (a) The “expected to vest” options are the net unvested options that remain after applying the forfeiture rate assumption to total unvested options. The aggregate intrinsic values in the table above represent the total pretax intrinsic value (the difference between the closing stock price of Fortive common stock on the last trading day of 2019 and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their options on December 31, 2019 . The amount of aggregate intrinsic value will change based on the price of Fortive’s common stock. Options outstanding as of December 31, 2019 are summarized below (in millions; except price per share and number of years): Outstanding Vested Exercise Price Shares Average Exercise Price Average Remaining Life (in years) Shares Average Exercise Price $18.21 - $26.10 1.3 $ 23.27 1 1.3 $ 23.27 $26.11 - $40.12 1.5 34.45 4 1.5 34.45 $40.13 - $45.64 2.1 42.69 6 1.2 42.74 $45.65 - $54.12 0.4 49.83 7 0.2 50.06 $54.13 - $76.05 2.0 63.23 8 0.4 61.74 $76.06 - $86.03 2.9 79.47 9 0.2 76.97 Total shares 10.2 4.8 The following summarizes aggregate intrinsic value and cash receipts related to stock option exercise activity under the Stock Plans for the years ended December 31 ($ in millions): 2019 2018 2017 Aggregate intrinsic value of stock options exercised $ 52.5 $ 68.7 $ 42.3 Cash receipts from stock options exercised $ 40.0 $ 39.3 $ 26.0 Stock Awards The following summarizes information related to Stock Award activity under the Stock Plan for the years ended December 31, 2019 , 2018 , and 2017 (in millions; except price per share): Number of Stock Awards (a) Weighted Average Grant-Date Fair Value Unvested as of January 1, 2017 2.1 $ 39.20 Granted 0.5 57.79 Vested (0.6 ) 35.96 Forfeited (0.1 ) 43.94 Unvested as of December 31, 2017 1.9 45.92 Granted 0.6 77.78 Vested (0.6 ) 41.28 Forfeited (0.1 ) 53.23 Unvested as of December 31, 2018 1.8 57.63 Granted 0.9 80.44 Vested (0.5 ) 48.90 Forfeited (0.2 ) 66.64 Unvested as of December 31, 2019 2.0 69.37 (a) For the year ended December 31, 2017, the table excludes the stock award activity for employees of the A&S Business that was divested on October 1, 2018.

Capital Stock and Earnings Per

Capital Stock and Earnings Per Share	12 Months Ended
Capital Stock and Earnings Per Share	Dec. 31, 2019
Earnings Per Share [Abstract]
Capital Stock and Earnings Per Share	NOTE 18. CAPITAL STOCK AND EARNINGS PER SHARE Common Stock Under our amended and restated certificate of incorporation, as of July 1, 2016, our authorized capital stock consists of 2.0 billion common shares with a par value of $0.01 per share and 15 million preferred shares with a par value of $0.01 per share. Each share of our common stock entitles the holder to one vote on all matters to be voted upon by common stockholders. Our Board is authorized to issue shares of preferred stock in one or more series and has discretion to determine the rights, preferences, privileges, and restrictions, including voting rights, dividend rights, conversion rights, redemption privileges, and liquidation preferences, of each series of preferred stock. The Board’s authority to issue preferred stock with voting rights or conversion rights that, if exercised, could adversely affect the voting power of the holders of common stock, could potentially discourage attempts by third parties to obtain control of the Company through certain types of takeover practices. We declared and paid cash dividends per common share during the periods presented as follows: Dividend Per Common Share Amount ($ in millions) 2019: First quarter $ 0.07 $ 23.4 Second quarter 0.07 23.4 Third quarter 0.07 23.5 Fourth quarter 0.07 23.5 Total $ 0.28 $ 93.8 2018: First quarter $ 0.07 $ 24.3 Second quarter 0.07 24.4 Third quarter 0.07 24.5 Fourth quarter 0.07 23.4 Total $ 0.28 $ 96.6 The sum of the components of total dividends paid may not equal the total amount due to rounding. Aggregate cash payments for the dividends paid to shareholders are recorded as dividends to shareholders in our Consolidated Statements of Changes in Equity and Consolidated Statements of Cash Flows. On January 28, 2020 we declared a regular quarterly cash dividend of $0.07 per share payable on March 27, 2020 to common stockholders of record on February 28, 2020. Mandatory Convertible Preferred Stock On June 29, 2018, we issued 1,380,000 shares of 5.0% Mandatory Convertible Preferred Stock, Series A (“MCPS”) with a par value of $0.01 per share and liquidation preference of $1,000 per share, which included the exercise of an over-allotment option in full to purchase 180,000 shares. We received net $1.34 billion in proceeds from the issuance of the MCPS, excluding $43 million of issuance costs. We used the net proceeds from the issuance of MCPS to fund our acquisition activities and for general corporate purposes, including repayment of debt, working capital, and capital expenditures. In connection with the split-off of the A&S Business, on September 26, 2018, we triggered an anti-dilution adjustment pursuant to the terms of the MCPS, and after giving affect to this adjustment, each then o utstanding share of MCPS will convert automatically on July 1, 2021 (“Mandatory Conversion Date”) into between 10.9041 and 13.3575 common shares, subject to further anti-dilution adjustments. The number of shares of our common stock issuable on conversion will be determined based on the average volume weighted average price per share of our common stock over the 20 consecutive trading day period beginning on the 22nd scheduled trading day preceding the Mandatory Conversion Date. At any time prior to July 1, 2021, holders may elect to convert each share of the MCPS into shares of common stock at the rate of 10.9041 , subject to further anti-dilution adjustments. In the event of a fundamental change, the MCPS will convert at the fundamental change rates specified in the certificate of designations, as adjusted, and the holders of MCPS would be entitled to a fundamental change make-whole dividend. We may pay declared dividends in cash or, subject to certain limitations, in shares of our common stock, or in any combination of cash and shares of our common stock in January, April, July, and October of each year, commencing on October 1, 2018 and ending on July 1, 2021. Dividends that are declared will be payable on the dividend payment dates to holders of record on the immediately preceding March 15, June 15, September 15, and December 15 (each a “record date”), whether or not such holders convert their shares, or such shares are automatically converted, after the corresponding record date. Dividends on our MCPS are payable on a cumulative basis when, as, and if declared by our Board, at an annual rate of 5.0% of the liquidation preference of $1,000 per share (equivalent to $50.00 annually per share). We declared and paid cash dividends on our MCPS during the periods presented as follows: Dividend Per Preferred Share Amount ($ in millions) 2019: First quarter $ 12.50 $ 17.3 Second quarter 12.50 17.2 Third quarter 12.50 17.3 Fourth quarter 12.50 17.2 Total $ 50.00 $ 69.0 2018: Third quarter $ 12.78 $ 17.6 Fourth quarter 12.50 17.3 Total $ 25.28 $ 34.9 On January 28, 2020 we declared a regular quarterly cash dividend of $12.50 per share on our MCPS payable on April 1, 2020 to preferred stockholders of record on March 15, 2020. Net earnings per share Basic net earnings per share (“EPS”) from continuing operations is calculated by dividing net earnings from continuing operations by the weighted average number of shares of common stock outstanding for the applicable period. Diluted EPS from continuing operations is similarly calculated, except that the calculation includes the dilutive effect of the assumed issuance of shares under stock-based compensation plans except where the inclusion of such shares would have an anti-dilutive impact. For the year ended December 31, 2019 , the anti-dilutive options to purchase shares excluded from the diluted EPS calculation were 3.0 million shares. For the years ended December 31, 2018 and 2017 , the anti-dilutive options to purchase shares excluded from the diluted EPS calculation were immaterial. The impact of our MCPS calculated under the if-converted method were anti-dilutive, and as such, 18.3 million and 18.4 million shares were excluded from the dilutive EPS calculation for the years ended December 31, 2019 and December 31, 2018, respectively. Information related to the calculation of net earnings per share of common stock is summarized as follows ($ and shares in millions, except per share amounts) Year Ended December 31, 2019 2018 2017 Numerator Net earnings from continuing operations $ 725.4 $ 918.3 $ 884.3 Mandatory convertible preferred stock cumulative dividends (69.0 ) (34.9 ) — Net earnings attributable to common stockholders from continuing operations $ 656.4 $ 883.4 $ 884.3 Denominator Weighted average common shares outstanding used in basic earnings per share 335.8 345.5 347.5 Incremental common shares from: Assumed exercise of dilutive options and vesting of dilutive Stock Awards 4.2 5.2 5.1 Weighted average common shares outstanding used in diluted earnings per share 340.0 350.7 352.6 Net earnings from continuing operations per common share - Basic $ 1.95 $ 2.56 $ 2.54 Net earnings from continuing operations per common share - Diluted $ 1.93 $ 2.52 $ 2.51

Segment Information

Segment Information	12 Months Ended
Segment Information	Dec. 31, 2019
Segment Reporting [Abstract]
Segment Information	NOTE 19. SEGMENT INFORMATION We report our results in two separate business segments consisting of Professional Instrumentation and Industrial Technologies. When determining the reportable segments, we aggregated operating segments based on their similar economic and operating characteristics. Operating profit represents total revenues less operating expenses, excluding other income/expense, interest, and income taxes. The identifiable assets by segment are those used in each segment’s operations. Inter-segment amounts are not significant and are eliminated in the combined totals. Operating profit amounts in the Other category consist of unallocated corporate costs and other costs not considered part of our evaluation of reportable segment operating performance. Segment results are shown below ($ in millions): Year Ended December 31 2019 2018 2017 Sales: Professional Instrumentation $ 4,427.8 $ 3,655.1 $ 3,139.1 Industrial Technologies 2,892.2 2,797.6 2,617.0 Total $ 7,320.0 $ 6,452.7 $ 5,756.1 Operating Profit: Professional Instrumentation $ 547.9 $ 744.6 $ 712.9 Industrial Technologies 553.9 525.6 503.6 Other (97.7 ) (91.8 ) (73.5 ) Total $ 1,004.1 $ 1,178.4 $ 1,143.0 Segment assets: Professional Instrumentation $ 13,005.5 $ 8,592.6 $ 5,588.1 Industrial Technologies 2,950.2 3,011.2 2,902.7 Total segment assets 15,955.7 11,603.8 8,490.8 Other 1,480.1 1,271.8 1,138.8 Assets of Discontinued Operations 3.2 30.0 871.0 Total assets $ 17,439.0 $ 12,905.6 $ 10,500.6 Depreciation and amortization: Professional Instrumentation $ 337.5 $ 168.7 $ 82.0 Industrial Technologies 87.0 88.7 70.3 Other 1.7 3.4 6.0 Total $ 426.2 $ 260.8 $ 158.3 Capital expenditures, gross: Professional Instrumentation $ 65.0 $ 58.4 $ 37.0 Industrial Technologies 40.7 44.8 71.8 Other 6.8 9.1 2.3 Total $ 112.5 $ 112.3 $ 111.1 Operations in Geographic Areas: Year Ended December 31 ($ in millions) 2019 2018 2017 Sales: United States $ 4,206.5 $ 3,539.6 $ 3,148.7 China 592.0 569.0 498.4 All other (each country individually less than 5% of total sales) 2,521.5 2,344.1 2,109.0 Total $ 7,320.0 $ 6,452.7 $ 5,756.1 Property, plant and equipment, net United States $ 414.8 $ 464.9 $ 483.0 All other (each country individually less than 5% of total property, plant and equipment, net) 104.7 111.2 127.4 Total $ 519.5 $ 576.1 $ 610.4

Related-Party Transactions With

Related-Party Transactions With Danaher	12 Months Ended
Related-Party Transactions With Danaher	Dec. 31, 2019
Related Party Transactions [Abstract]
Related-Party Transactions With Danaher	NOTE 20. RELATED-PARTY TRANSACTIONS WITH DANAHER Our transactions with Danaher are considered related party transactions. In connection with the Separation, we entered into the Agreements with Danaher, which governed the Separation and provided a framework for the relationship between the parties going forward. Refer to Note 14 for additional discussion of the tax matters agreement. Following the Separation, we continue to enter into arms-length revenue arrangements in the ordinary course of business with Danaher and its affiliates, although certain agreements were entered into or terminated as a result of the Separation. We recorded sales of approximately $12 million , $16 million , and $16 million to Danaher and its subsidiaries during the years ended December 31, 2019 , 2018 ,and 2017 , respectively. Purchases from Danaher and its subsidiaries were approximately $13 million , $14 million , and $13 million during the years ended December 31, 2019 , 2018 , and 2017 , respectively.

Quarterly Data - Unaudited

Quarterly Data - Unaudited	12 Months Ended
Quarterly Data - Unaudited	Dec. 31, 2019
Quarterly Data [Abstract]
Quarterly Data - Unaudited	NOTE 21. QUARTERLY DATA - UNAUDITED ($ in millions, except per share data) 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 2019: Sales $ 1,592.9 $ 1,864.7 $ 1,860.0 $ 2,002.4 Gross profit 812.7 904.0 927.7 1,035.9 Operating profit 217.3 249.5 242.1 295.2 Earnings from continuing operations, net of income taxes 164.0 175.3 207.3 178.8 Earnings (loss) from discontinued operations, net of income taxes 0.4 (0.7 ) (0.2 ) 14.0 Net earnings $ 164.4 $ 174.6 $ 207.1 $ 192.8 Earnings per common share - basic: Continuing operations $ 0.44 $ 0.47 $ 0.57 $ 0.48 Discontinued operations — — — 0.04 Total earnings per common share - basic $ 0.44 $ 0.47 $ 0.56 $ 0.52 Earnings per common share - diluted: Continuing operations $ 0.43 $ 0.47 $ 0.56 $ 0.48 Discontinued operations — — — 0.04 Total earnings per common share - diluted $ 0.43 $ 0.46 $ 0.56 $ 0.52 2018: Sales $ 1,492.2 $ 1,601.8 $ 1,601.2 $ 1,757.5 Gross profit 766.3 830.8 825.9 898.3 Operating profit 277.9 324.4 281.6 294.5 Earnings from continuing operations, net of income taxes 214.0 250.2 214.0 240.1 Earnings from discontinued operations, net of income taxes 47.2 44.8 31.3 1,872.2 Net earnings $ 261.2 $ 295.0 $ 245.3 $ 2,112.3 Earnings per common share - basic: Continuing operations $ 0.61 $ 0.72 $ 0.56 $ 0.67 Discontinued operations 0.14 0.13 0.09 5.60 Total earnings per common share - basic $ 0.75 $ 0.84 $ 0.65 $ 6.26 Earnings per common share - diluted: Continuing operations $ 0.61 $ 0.70 $ 0.55 $ 0.66 Discontinued operations 0.13 0.13 0.09 5.52 Total earnings per common share - diluted $ 0.74 $ 0.83 $ 0.64 $ 6.17 The sum of net earnings per share amount may not add due to rounding.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
Schedule II - Valuation and Qualifying Accounts	Dec. 31, 2019
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts	SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS ($ in millions) Classification Balance at Beginning of Period (a) Charged to Costs & Expenses Impact of Currency Charged to Other Accounts (b) Write Offs, Write Downs & Deductions Balance at End of Period (a) Year Ended December 31, 2019: Allowances deducted from asset accounts Allowance for doubtful accounts $ 78.5 $ 63.7 $ (0.3 ) $ 1.5 $ (61.3 ) $ 82.1 Year Ended December 31, 2018: Allowances deducted from asset accounts Allowance for doubtful accounts $ 66.5 $ 48.5 $ (0.8 ) $ 2.5 $ (38.2 ) $ 78.5 Year Ended December 31, 2017: Allowances deducted from asset accounts Allowance for doubtful accounts $ 80.7 $ 37.5 $ 1.0 $ 2.1 $ (54.8 ) $ 66.5 (a) Amounts include allowance for doubtful accounts classified as current and noncurrent. (b) Amounts are related to businesses acquired.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Dec. 31, 2019
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates —The preparation of financial statements in conformity with GAAP requires management to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. We base these estimates on historical experience, the current economic environment and on various other assumptions that are believed to be reasonable under the circumstances. However, uncertainties associated with these estimates exist and actual results may differ from these estimates.
Cash and Equivalents	Cash and Equivalents —We consider all highly liquid investments with a maturity of three months or less at the date of purchase to be cash equivalents.
Accounts Receivable and Allowance for Doubtful Accounts	Accounts Receivable and Allowances for Doubtful Accounts
Inventory Valuation	Inventory Valuation —Inventories include the costs of material, labor and overhead. Domestic inventories are stated at the lower of cost or net realizable value primarily using the first-in, first-out (“FIFO”) method with certain businesses applying the last-in, first-out method (“LIFO”) to value inventory. Inventories held outside the United States are stated at the lower of cost or net realizable value primarily using the FIFO method.
Property, Plant and Equipment	Property, Plant and Equipment —Property, plant and equipment are carried at cost. The provision for depreciation has been computed principally by the straight-line method based on the estimated useful lives of the depreciable assets as follows: Category Useful Life Buildings 30 years Leased assets and leasehold improvements Amortized over the lesser of the economic life of the asset or the term of the lease Machinery and equipment 3 – 10 years Estimated useful lives are periodically reviewed and, when appropriate, changes to estimates are made prospectively. Amortization of capital lease assets is included in depreciation expense as a component of Selling, general, and administrative expenses in the Consolidated Statements of Earnings.
Equity Method Investments	Equity Method Investments —Investments and ownership interests are accounted for under equity method accounting if we have the ability to exercise significant influence, but don’t have a controlling financial interest. We record our interest in the net earnings of our equity method investees within Other non-operating expenses, net in the Consolidated Statements of Earnings. We record our interest in the net earnings of our equity method investments based on the most recently available financial statements of the investees. The carrying amount of the investment in equity interests is adjusted to reflect our interest in net earnings and dividends received. We review the investments for impairment whenever factors indicate that the carrying amount of the investment might not be recoverable. In such a case, the decrease in value is recognized in the period the impairment occurs in the Consolidated Statement of Earnings.
Other Assets	Other Assets —Other assets principally include noncurrent financing receivables, contract assets, deferred tax assets, and other investments.
Fair Value of Financial Instruments	Fair Value of Financial Instruments
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets
Revenue Recognition	Revenue Recognition —As described above, we derive revenues primarily from the sale of Professional Instrumentation and Industrial Technologies products and services. Revenue is recognized when control of promised products or services is transferred to customers in an amount that reflects the consideration we expect to be entitled to in exchange for those products or services. Product Sales include revenues from the sale of products and equipment, which includes our software as a service product offerings and equipment rentals. Service Sales include revenues from extended warranties, post-contract customer support, maintenance contracts or services, contract labor to perform ongoing service at a customer location, and services related to previously sold products. For revenue related to a product or service to qualify for recognition, we must have an enforceable contract with a customer that defines the goods or services to be transferred and the payment terms related to those goods or services. Further, collection of substantially all consideration for the goods or services transferred must be probable based on the customer’s intent and ability to pay the promised consideration. We apply judgment in determining the customer’s ability and intention to pay, which is based on a combination of financial and qualitative factors, including the customer’s financial condition, collateral, debt-servicing ability, past payment experience, and credit bureau information. Customer allowances and rebates, consisting primarily of volume discounts and other short-term incentive programs, are considered in determining the transaction price for the contract; these allowances and rebates are reflected as a reduction in the contract transaction price. Significant judgment is exercised in determining product returns, customer allowances, and rebates, and are estimated based on historical experience and known trends. Most of our sales contracts contain standard terms and conditions. We evaluate contracts to identify distinct goods and services promised in the contract (performance obligations). Sometimes this evaluation involves judgment to determine whether the goods or services are highly dependent on or highly interrelated with one another, or whether such goods or services significantly modify or customize one another. Certain customer arrangements include multiple performance obligations, typically hardware, installation, training, consulting, services and/or post contract support (“PCS”). Generally, these elements are delivered within the same reporting period, except PCS or other services. We allocate the contract transaction price to each performance obligation using the observable price that the good or service sells for separately in similar circumstances and to similar customers, and/or a residual approach when the observable selling price of a good or service is not known and is either highly variable or uncertain. Allocating the transaction price to each performance obligation sometimes requires significant judgment. Our principal terms of sale are FOB Shipping Point, or equivalent, and, as such, we primarily record revenue upon shipment as we have transferred control to the customer at that point and our performance obligations are satisfied. We evaluate contracts with delivery terms other than FOB Shipping Point and recognize revenue when we have transferred control and satisfied our performance obligations. If any significant obligation to the customer with respect to a sales transaction remains to be fulfilled following shipment (typically installation, other services noted above, or acceptance by the customer), revenue recognition is deferred until such obligations have been fulfilled. Further, revenue related to separately priced extended warranty and product maintenance agreements is deferred when appropriate and recognized as revenue over the term of the agreement. Shipping and Handling —Shipping and handling costs are included as a component of Cost of sales in the Consolidated Statements of Earnings. Revenue derived from shipping and handling costs billed to customers is included in Sales in the Consolidated Statements of Earnings. Revenue is recognized when control of promised products or services is transferred to customers in an amount that reflects the consideration we expect to be entitled to in exchange for those products or services. Contract Assets — In certain circumstances, we record contract assets which include unbilled amounts typically resulting from sales under contracts when revenue recognized exceeds the amount billed to the customer, and right to payment is not only subject to the passage of time. Contract assets were $79 million as of December 31, 2019 and $32 million as of December 31, 2018 . Contract Costs — We incur direct incremental costs to obtain certain contracts, typically sales-related commissions and costs associated with assets used by our customers in certain service arrangements. Deferred sales-related commissions are generally not capitalized as the amortization period is one year or less, and we elected to use the practical expedient to expense these sales commissions as incurred. As of December 31, 2019 , we had $147 million in net revenue-related contract assets primarily related to certain software contracts recorded in Prepaid expenses and other current assets and Other assets in our Consolidated Balance Sheet. Our revenue-related contract assets at December 31, 2018 were $144 million , the majority of which were recorded in Property, plant and equipment, net in the Consolidated Balance Sheet. These assets have estimated useful lives between 3 and 8 years . Impairment losses recognized on our contract-related assets were immaterial during both the years ended December 31, 2019 and December 31, 2018 . Contract Liabilities Remaining Performance Obligations — Our remaining performance obligations represent the transaction price of firm, noncancelable orders and the average contract value for software contracts, with expected delivery dates to customers greater than one year from December 31, 2019 , for which work has not been performed. We have excluded performance obligations with an original expected duration of one year or less from the amounts below.
Advertising	Advertising —Advertising costs are expensed as incurred.
Research and Development	Research and Development —We conduct research and development activities for the purpose of developing new products, enhancing the functionality, effectiveness, ease of use, and reliability of our existing products and expanding the applications for which uses of our products are appropriate. Research and development costs are expensed as incurred.
Restructuring	Restructuring
Foreign Currency Translation and Transactions	Foreign Currency Translation and Transactions —Exchange rate adjustments resulting from foreign currency transactions are recognized in Net earnings, whereas effects resulting from the translation of financial statements are reflected as a component of Accumulated other comprehensive income (loss) within Stockholders’ equity. Assets and liabilities of subsidiaries operating outside the United States with a functional currency other than U.S. dollars are translated into U.S. dollars using year end exchange rates and income statement accounts are translated at weighted average exchange rates. Net foreign currency transaction gains or losses were not material in any of the years presented.
Accounting for Stock-Based Compensation	Accounting for Stock-Based Compensation
Income Taxes	Income Taxes —In accordance with GAAP, deferred tax assets and liabilities are determined based on the difference between the financial statement and tax basis of assets and liabilities using enacted rates expected to be in effect during the year in which the differences reverse. Deferred tax assets generally represent items that can be used as a tax deduction or credit in our tax return in future years for which the tax benefit has already been reflected on our Consolidated Statements of Earnings. Deferred tax liabilities generally represent items that have already been taken as a deduction on our tax return but have not yet been recognized as an expense in our Consolidated Statements of Earnings. The effect on deferred tax assets and liabilities due to a change in tax rates is recognized in income tax expense in the period that includes the enactment date. Our deferred tax assets are reduced by a valuation allowance if, based on the weight of available evidence, it is more likely than not (a likelihood of more than 50 percent) that some portion or all of the deferred tax assets will not be realized. We evaluate the realizability of deferred income tax assets for each of the jurisdictions in which we operate. If we experience cumulative pretax income in a particular jurisdiction in the three-year period including the current and prior two years, we normally conclude that the deferred income tax assets will more likely than not be realizable and no valuation allowance is recognized, unless known or planned operating developments would lead management to conclude otherwise. However, if we experience cumulative pretax losses in a particular jurisdiction in the three-year period including the current and prior two years, we then consider a series of factors in the determination of whether the deferred income tax assets can be realized. These factors include historical operating results, known or planned operating developments, the period of time over which certain temporary differences will reverse, consideration of the utilization of certain deferred income tax liabilities, tax law carryback capability in the particular country, and prudent and feasible tax planning strategies. After evaluation of these factors, if the deferred income tax assets are expected to be realized within the tax carryforward period allowed for that specific country, we would conclude that no valuation allowance would be required. To the extent that the deferred income tax assets exceed the amount that is expected to be realized within the tax carryforward period for a particular jurisdiction, we establish a valuation allowance. We recognize tax benefit from uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such positions are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. Judgment is required in evaluating tax positions and determining income tax provisions. We reevaluate the technical merits of our tax positions and may recognize an uncertain tax benefit in certain circumstances, including when: (1) a tax audit is completed; (2) applicable tax laws change, including a tax case ruling or legislative guidance; or (3) the applicable statute of limitations expires. We recognize potential accrued interest and penalties associated with unrecognized tax positions in income tax expense. Refer to Note 14 for additional information.
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) —Foreign currency translation adjustments are generally not adjusted for income taxes as they relate to indefinite investments in non-U.S. subsidiaries. We have designated our Euro-denominated commercial paper and ¥13.8 billion senior unsecured term facility loan as net investment hedges of our investment in certain foreign operations.
Pension	Pension —We measure our pension assets and obligations to determine the funded status as of December 31st each year, and recognize an asset for an overfunded status or a liability for an underfunded status in our Consolidated Balance Sheets. Changes in the funded status of the pension plans are recognized in the year in which the changes occur and are reported in Other comprehensive income (loss). Refer to Note 12 for additional information on our pension plans including a discussion of actuarial assumptions, our policy for recognizing associated gains and losses, and the method used to estimate service and interest cost components.
New Accounting Standards	New Accounting Standards In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , which amends the impairment model by requiring entities to use a forward-looking approach, based on expected losses, to estimate credit losses on certain types of financial instruments, including trade receivables. This standard was effective for us beginning January 1, 2020. Upon adoption of this standard, we expect to record an adjustment to beginning retained earnings that largely represents expected losses on our trade accounts receivables, financing receivables, and unbilled receivables in contract assets that have not aged to a date that could indicate an incurred loss. We do not expect this standard to have material impacts on our future results of operations.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
Summary of Significant Accounting Policies (Tables)	Dec. 31, 2019
Accounting Policies [Abstract]
Schedule of Estimated Useful Lives of Depreciable Assets	The provision for depreciation has been computed principally by the straight-line method based on the estimated useful lives of the depreciable assets as follows: Category Useful Life Buildings 30 years Leased assets and leasehold improvements Amortized over the lesser of the economic life of the asset or the term of the lease Machinery and equipment 3 – 10 years The classes of property, plant and equipment as of December 31 are summarized as follows ($ in millions): 2019 2018 Land and improvements $ 63.4 $ 63.1 Buildings and leasehold improvements 363.8 343.6 Machinery and equipment 931.0 1,059.2 Gross property, plant and equipment 1,358.2 1,465.9 Less: accumulated depreciation (838.7 ) (889.8 ) Property, plant and equipment, net $ 519.5 $ 576.1
Schedule of Changes in Accumulated Other Comprehensive Income (Loss) by Component	The changes in AOCI by component are summarized below ($ in millions): Foreign Pension & post- (b) Total Balance, January 1, 2017 $ (72.6 ) $ (73.2 ) $ (145.8 ) Other comprehensive income (loss) before reclassifications: Increase (decrease) 136.6 (3.5 ) 133.1 Income tax impact — 0.9 0.9 Other comprehensive income (loss) before reclassifications, net of income taxes 136.6 (2.6 ) 134.0 Amounts reclassified from accumulated other comprehensive income (loss): Increase — 5.5 (a) 5.5 Income tax impact — (1.3 ) (1.3 ) Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes: — 4.2 4.2 Net current period other comprehensive income (loss): 136.6 1.6 138.2 Balance, December 31, 2017 $ 64.0 $ (71.6 ) $ (7.6 ) Other comprehensive income (loss) before reclassifications: Increase (decrease) (127.3 ) 0.3 (127.0 ) Income tax impact — (0.2 ) (0.2 ) Other comprehensive income (loss) before reclassifications, net of income taxes (127.3 ) 0.1 (127.2 ) Amounts reclassified from accumulated other comprehensive income (loss): Increase — 4.3 (a) 4.3 Income tax impact — (0.8 ) (0.8 ) Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes — 3.5 3.5 Net current period other comprehensive income (loss) (127.3 ) 3.6 (123.7 ) Divestiture of A&S Business 34.0 10.7 44.7 Balance, December 31, 2018 $ (29.3 ) $ (57.3 ) $ (86.6 ) Other comprehensive income (loss) before reclassifications: Increase (decrease) 50.5 (29.8 ) 20.7 Income tax impact — 7.3 7.3 Other comprehensive income (loss) before reclassifications, net of income taxes 50.5 (22.5 ) 28.0 Amounts reclassified from accumulated other comprehensive income (loss): Increase — 3.1 (a) 3.1 Income tax impact — (0.8 ) (0.8 ) Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes: — 2.3 2.3 Net current period other comprehensive income (loss) 50.5 (20.2 ) 30.3 Balance, December 31, 2019 $ 21.2 $ (77.5 ) $ (56.3 ) (a) This component of AOCI is included in the computation of net periodic pension cost (refer to Note 12 for additional details) and also includes activity related to the divestiture of the A&S Business. (b) Includes balances relating to employee defined benefit plans, supplemental executive retirement plans, and other postretirement employee benefit plans.

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
Acquisitions (Tables)	Dec. 31, 2019
Business Combinations [Abstract]
Schedule of Business Acquisitions	The following summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition for all acquisitions consummated during the years ended December 31 ($ in millions): 2019 2018 2017 Accounts receivable $ 46.4 $ 86.7 $ 103.7 Inventories 189.9 3.9 37.3 Property, plant and equipment 56.4 7.1 137.1 Goodwill 2,192.9 1,601.2 1,035.2 Other intangible assets, primarily customer relationships, trade names and technology 1,651.8 1,345.8 587.8 Trade accounts payable — (9.9 ) (18.7 ) Other assets and liabilities, net (243.6 ) (219.7 ) (289.0 ) Previously held investment — — (36.8 ) Prepaid acquisition asset related to Non-Principal Countries 50.1 — — Net cash consideration $ 3,943.9 $ 2,815.1 $ 1,556.6 The following summarizes the estimated fair values of the assets acquired and liabilities assumed as of December 31, 2019 for ASP in 2019 , and all of the other 2019 acquisitions as a group ($ in millions): ASP Other Total Accounts receivable $ — $ 46.4 $ 46.4 Inventories 173.8 16.1 189.9 Property, plant and equipment 45.7 10.7 56.4 Goodwill 1,420.3 772.6 2,192.9 Other intangible assets, primarily customer relationships, trade names and technology 1,120.0 531.8 1,651.8 Other assets and liabilities, net (73.4 ) (170.2 ) (243.6 ) Prepaid acquisition asset related to Non-Principal Countries 50.1 — 50.1 Net cash consideration $ 2,736.5 $ 1,207.4 $ 3,943.9 The following table summarizes the provisional fair value estimates of the assets acquired and liabilities assumed of Principal and Non-Principal Countries that have been transferred to ASP as of December 31, 2019; we did not acquire accounts receivable or accounts payable from Johnson & Johnson ($ in millions): Advanced Sterilization Products Inventories $ 173.8 Property, plant and equipment 45.7 Goodwill 1,420.3 Other intangible assets, primarily customer relationships, trade names and technology 1,120.0 Other assets and liabilities, net (73.4 ) Total consideration allocated to closed Principal and Non-Principal Countries 2,686.4 Prepaid acquisition asset related to remaining Non-Principal Countries 50.1 Net cash consideration $ 2,736.5
Pro Forma Information	The pro forma information is presented for informational purposes only and is not necessarily indicative of the results of operations that actually would have been achieved had the acquisitions been consummated as of that time ($ in millions except per share amounts): 2019 2018 Sales $ 7,659.9 $ 7,625.3 Net earnings from continuing operations $ 805.0 $ 898.7 Diluted net earnings per share from continuing operations $ 2.37 $ 2.56

Discontinued Operations and D_2

Discontinued Operations and Dispositions (Tables)	12 Months Ended
Discontinued Operations and Dispositions (Tables)	Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Key Components of Discontinued Operations	The following table summarizes the major classes of assets and liabilities of discontinued operations that were included in the Company’s accompanying Consolidated Balance Sheets as of December 31 ($ in millions): 2019 2018 ASSETS Accounts receivable, net $ — $ 4.2 Inventories — 4.4 Other current assets 3.2 21.4 Total current assets, discontinued operations 3.2 30.0 Total assets, discontinued operations $ 3.2 $ 30.0 LIABILITIES Current liabilities: Trade accounts payable $ — $ 9.2 Accrued expenses and other current liabilities — 21.5 Total current liabilities, discontinued operations — 30.7 Total liabilities, discontinued operations $ — $ 30.7 The key components of income from discontinued operations for the years ended December 31 were as follows ($ in millions): 2019 2018 2017 Sales $ 6.1 $ 750.5 $ 900.0 Cost of sales (6.2 ) (438.9 ) (522.9 ) Selling, general, and administrative expenses — (92.3 ) (124.5 ) Research and development expenses — (26.9 ) (36.7 ) Gain (loss) on disposition of discontinued operations before income taxes (2.1 ) 1,909.9 — Interest expense and other — (4.6 ) (5.3 ) Earnings (loss) before income taxes (2.2 ) 2,097.7 210.6 Income taxes 15.7 (102.2 ) (50.4 ) Earnings from discontinued operations, net of income taxes $ 13.5 $ 1,995.5 $ 160.2

Inventories (Tables)

Inventories (Tables)	12 Months Ended
Inventories (Tables)	Dec. 31, 2019
Inventory Disclosure [Abstract]
Schedule of inventory classes	The classes of inventory as of December 31 are summarized as follows ($ in millions): 2019 2018 Finished goods $ 285.6 $ 219.5 Work in process 100.4 103.1 Raw materials 254.3 251.9 Total $ 640.3 $ 574.5

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
Property, Plant and Equipment (Tables)	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Classes of Property, Plant and Equipment	The provision for depreciation has been computed principally by the straight-line method based on the estimated useful lives of the depreciable assets as follows: Category Useful Life Buildings 30 years Leased assets and leasehold improvements Amortized over the lesser of the economic life of the asset or the term of the lease Machinery and equipment 3 – 10 years The classes of property, plant and equipment as of December 31 are summarized as follows ($ in millions): 2019 2018 Land and improvements $ 63.4 $ 63.1 Buildings and leasehold improvements 363.8 343.6 Machinery and equipment 931.0 1,059.2 Gross property, plant and equipment 1,358.2 1,465.9 Less: accumulated depreciation (838.7 ) (889.8 ) Property, plant and equipment, net $ 519.5 $ 576.1

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
Goodwill and Other Intangible Assets (Tables)	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The following is a rollforward of our goodwill by segment ($ in millions): Professional Instrumentation Industrial Technologies Total Balance, January 1, 2018 $ 3,331.0 $ 1,229.3 $ 4,560.3 Attributable to 2018 acquisitions 1,571.8 29.4 1,601.2 Foreign currency translation & other (8.2 ) (20.2 ) (28.4 ) Balance, December 31, 2018 4,894.6 1,238.5 6,133.1 Attributable to adjustments to preliminary purchase price allocations for acquisitions completed in 2018 75.9 (1.2 ) 74.7 Attributable to 2019 acquisitions 2,192.9 — 2,192.9 Attributable to the Tektronix Video Business Combination (40.2 ) — (40.2 ) Foreign currency translation & other 3.1 35.7 38.8 Balance, December 31, 2019 $ 7,126.3 $ 1,273.0 $ 8,399.3
Schedule of Finite-Lived Intangible Assets	The following summarizes the gross carrying value and accumulated amortization for each major category of intangible asset as of December 31 ($ in millions): 2019 2018 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Finite-lived intangibles: Patents and technology $ 1,041.4 $ (357.0 ) $ 614.0 $ (280.8 ) Customer relationships and other intangibles 3,206.8 (792.5 ) 2,204.2 (589.9 ) Trademarks and trade names 18.0 (0.2 ) — — Total finite-lived intangibles 4,266.2 (1,149.7 ) 2,818.2 (870.7 ) Indefinite-lived intangibles: Trademarks and trade names 728.5 — 528.8 — Total intangibles $ 4,994.7 $ (1,149.7 ) $ 3,347.0 $ (870.7 )
Schedule of Indefinite-Lived Intangible Assets	The following summarizes the gross carrying value and accumulated amortization for each major category of intangible asset as of December 31 ($ in millions): 2019 2018 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Finite-lived intangibles: Patents and technology $ 1,041.4 $ (357.0 ) $ 614.0 $ (280.8 ) Customer relationships and other intangibles 3,206.8 (792.5 ) 2,204.2 (589.9 ) Trademarks and trade names 18.0 (0.2 ) — — Total finite-lived intangibles 4,266.2 (1,149.7 ) 2,818.2 (870.7 ) Indefinite-lived intangibles: Trademarks and trade names 728.5 — 528.8 — Total intangibles $ 4,994.7 $ (1,149.7 ) $ 3,347.0 $ (870.7 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
Fair Value Measurements (Tables)	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value, Liabilities Measured on Recurring Basis	Financial liabilities that are measured at fair value on a recurring basis were as follows ($ in millions): Quoted Prices in Active Market (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total December 31, 2019 Deferred compensation liabilities $ — $ 29.6 $ — $ 29.6 December 31, 2018 Deferred compensation liabilities $ — $ 20.8 $ — $ 20.8
Carrying Values and Fair Values of Financial Instruments	The carrying amounts and fair values of financial instruments as of December 31 were as follows ($ in millions): 2019 2018 Carrying Amount Fair Value Carrying Amount Fair Value Current portion of long-term debt $ 1,500.0 $ 1,500.0 $ 455.6 $ 454.9 Long-term debt, net of current maturities $ 4,828.4 $ 4,992.3 $ 2,974.7 $ 2,867.5

Accrued Expenses and Other Li_2

Accrued Expenses and Other Liabilities (Tables)	12 Months Ended
Accrued Expenses and Other Liabilities (Tables)	Dec. 31, 2019
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	Accrued expenses and other liabilities as of December 31 were as follows ($ in millions): 2019 2018 Current Long-term Current Long-term Compensation and other post-retirement benefits $ 264.5 $ 68.0 $ 244.5 $ 60.2 Claims, including self-insurance and litigation 15.2 75.3 10.9 74.4 Pension obligations 4.0 146.6 7.8 117.6 Taxes, income and other 99.0 1,124.7 174.7 728.3 Deferred revenue 410.1 99.2 288.1 92.6 Sales and product allowances 52.2 — 49.8 — Warranty 77.1 1.9 71.0 1.1 Other 224.7 68.5 152.5 51.7 Total $ 1,146.8 $ 1,584.2 $ 999.3 $ 1,125.9
Schedule of Accrued Warranty Liability	The following is a rollforward of our accrued warranty liability ($ in millions): Balance, January 1, 2018 $ 65.3 Accruals for warranties issued during the year 81.7 Settlements made (77.2 ) Additions due to acquisitions 2.6 Effect of foreign currency translation (0.3 ) Balance, December 31, 2018 $ 72.1 Accruals for warranties issued during the year 80.3 Settlements made (75.9 ) Additions due to acquisitions 2.0 Effect of foreign currency translation 0.5 Balance, December 31, 2019 $ 79.0

Leases (Tables)

Leases (Tables)	12 Months Ended
Leases (Tables)	Dec. 31, 2019
Leases [Abstract]
Maturity of Operating Lease Liabilities	The following table presents the maturities of our operating lease liabilities as of December 31, 2019 ($ in millions): 2020 $ 57.4 2021 45.8 2022 34.1 2023 22.8 2024 16.2 Thereafter 63.2 Total lease payments 239.5 Less: imputed interest (25.6 ) Total lease liabilities $ 213.9
Future Minimum Rental Payments Under Topic 840	Future minimum lease payments as of December 31, 2018 for operating leases having initial or remaining non-cancelable lease terms in excess of one year under Topic 840 were as follows ($ in millions): 2019 $ 54.2 2020 41.2 2021 32.4 2022 24.0 2023 13.5 Thereafter 16.1 Total lease payments $ 181.4

Financing (Tables)

Financing (Tables)	12 Months Ended
Financing (Tables)	Dec. 31, 2019
Debt Disclosure [Abstract]
Schedule of Carrying Value of Debt	The details of our Commercial Paper Programs as of December 31, 2019 were as follows ($ in millions): Carrying Value Annual effective rate Weighted average remaining maturity (in days) U.S. dollar-denominated $ 884.4 2.14 % 13 Euro-denominated $ 264.1 (0.10 )% 33 The carrying value of the components of our debt as of December 31 were as follows ($ in millions): 2019 2018 U.S. dollar-denominated commercial paper $ 884.4 $ 390.1 Euro-denominated commercial paper 264.1 270.1 Delayed-draw term loan due 2019 — 400.0 Delayed-draw term loan due 2020 1,000.0 — Term loan due 2020 500.0 — Yen variable interest rate term loan due 2022 127.1 125.7 1.80% senior unsecured notes due 2019 — 55.6 2.35% senior unsecured notes due 2021 748.2 747.0 3.15% senior unsecured notes due 2026 893.0 891.9 4.30% senior unsecured notes due 2046 547.0 546.9 0.875% senior convertible notes due 2022 1,347.3 — Other 17.3 3.0 Long-term debt 6,328.4 3,430.3 Less: Current portion of long-term debt 1,500.0 455.6 Long-term debt, net of current maturities $ 4,828.4 $ 2,974.7
Schedule of Debt	Registered Notes Series Call Dates 2.35% senior unsecured notes due 2021 May 15, 2021 3.15% senior unsecured notes due 2026 March 15, 2026 4.30% senior unsecured notes due 2046 December 15, 2045
Schedule of Maturities of Long-term Debt	There are $1.5 billion of minimum principal payments due under our total long-term debt during 2020 . The future minimum principal payments due are presented in the following table: Term Loans Convertible and Registered Notes Total 2020 $ 1,500.0 $ — $ 1,500.0 2021 — 750.0 750.0 2022 127.1 1,437.5 1,564.6 2023 — — — 2024 — — — Thereafter — 1,450.0 1,450.0 Total principal payments (a) $ 1,627.1 $ 3,637.5 $ 5,264.6 (a) Not included in the table above are discounts, net of premiums and issuance costs associated with the Registered Notes and the Commercial Paper Programs, which totaled $102 million as of December 31, 2019, and have been recorded as an offset to the carrying amount of the related debt in the accompanying Consolidated Balance Sheet as of December 31, 2019. In addition, the table above does not include principal balances of $1.1 billion under the Commercial Paper Programs and other financing balances of $17 million.

Pension Plans (Tables)

Pension Plans (Tables)	12 Months Ended
Pension Plans (Tables)	Dec. 31, 2019
Retirement Benefits [Abstract]
Schedule of the Funded Status of the Non-U.S. Plans	The following sets forth the funded status of our plans as of the most recent actuarial valuations using measurement dates of December 31 ($ in millions): U.S. Pension Benefits Non-U.S. Pension Benefits 2019 2018 2019 2018 Change in pension benefit obligation: Benefit obligation at beginning of year $ 30.9 $ 33.7 $ 274.3 $ 300.8 Service cost — — 2.3 1.3 Interest cost 1.3 1.2 5.7 5.7 Employee contributions — — 0.9 0.2 Benefits paid and other (1.2 ) (1.3 ) (8.7 ) (9.5 ) Plan acquisitions — — 25.1 — Actuarial loss (gain) 4.2 (2.7 ) 39.3 (7.0 ) Amendments, settlements and curtailments — — (0.6 ) (3.0 ) Foreign exchange rate impact — — 1.2 (14.2 ) Benefit obligation at end of year 35.2 30.9 339.5 274.3 Change in plan assets: Fair value of plan assets at beginning of year 23.3 25.8 156.5 172.2 Actual return on plan assets 3.9 (1.2 ) 20.5 (3.1 ) Employer contributions 0.5 — 10.9 9.8 Employee contributions — — 0.9 0.2 Amendments and settlements — — (2.7 ) (4.4 ) Benefits paid and other (1.2 ) (1.3 ) (8.7 ) (9.5 ) Plan acquisitions — — 17.8 — Foreign exchange rate impact — — 2.4 (8.7 ) Fair value of plan assets at end of year 26.5 23.3 197.6 156.5 Funded status $ (8.7 ) $ (7.6 ) $ (141.9 ) $ (117.8 )
Schedule of Weighted Average Assumptions Used	Weighted average assumptions used to determine net periodic pension cost at date of measurement U.S. Pension Plans Non-U.S. Pension Plans 2019 2018 2017 2019 2018 2017 Discount rate 4.40 % 3.73 % 3.83 % 2.30 % 2.16 % 2.12 % Expected return on plan assets 5.75 % 5.75 % 5.75 % 3.50 % 3.48 % 3.54 % Rate of compensation increase N/A N/A N/A 2.63 % 2.39 % 3.03 % Weighted average assumptions used to determine benefit obligations at date of measurement U.S. Pension Plans Non-U.S. Pension Plans 2019 2018 2019 2018 Discount rate 3.37 % 4.40 % 1.41 % 2.30 % Rate of compensation increase N/A N/A 2.47 % 2.63 %
Schedule of Net Periodic Pension Costs	Components of net periodic pension cost The following sets forth the components of net periodic pension cost for our plans for the years ended December 31 ($ in millions): U.S. Pension Benefits Non-U.S. Pension Benefits 2019 2018 2017 2019 2018 2017 Service cost $ — $ — $ — $ 2.3 $ 1.3 $ 3.5 Interest cost 1.3 1.2 0.3 5.7 5.7 5.8 Expected return on plan assets (1.3 ) (1.4 ) (0.3 ) (5.9 ) (5.8 ) (6.2 ) Amortization of net loss — — — 2.9 2.6 3.8 Net curtailment and settlement loss recognized — — — 0.2 1.0 0.9 Net periodic pension cost $ — $ (0.2 ) $ — $ 5.2 $ 4.8 $ 7.8
Schedule of Fair Value of Pension Plan Assets	The fair values of our pension plan assets as of December 31, 2019 , by asset category were as follows ($ in millions): Quoted Prices in Active Market (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Cash and equivalents $ 3.4 $ — $ — $ 3.4 Equity securities: Common stock 7.3 — — 7.3 Preferred stock 1.7 — — 1.7 Fixed income securities: Corporate bonds — 8.5 — 8.5 Government issued — 2.7 — 2.7 Mutual funds — 30.7 — 30.7 Insurance contracts — 1.9 — 1.9 Total $ 12.4 $ 43.8 $ — $ 56.2 Investments measured at NAV (a) : Mutual funds 155.9 Other private investments 12.0 Total assets at fair value $ 224.1 (a) The fair value amounts presented in the table above are intended to permit reconciliation of the fair value hierarchy to the total fair value of plan assets. The fair values of our pension plan assets as of December 31, 2018 , by asset category were as follows ($ in millions): Quoted Prices in Active Market (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Cash and equivalents $ 2.7 $ — $ — $ 2.7 Fixed income securities: Corporate bonds — 0.4 — 0.4 Mutual funds — 8.1 — 8.1 Insurance contracts — 1.8 — 1.8 Total $ 2.7 $ 10.3 $ — $ 13.0 Investments measured at NAV (a) : Mutual funds 165.6 Other private investments 1.2 Total assets at fair value $ 179.8 (a) The fair value amounts presented in the table above are intended to permit reconciliation of the fair value hierarchy to the total fair value of plan assets.
Schedule of Expected Benefit Payments	The following sets forth benefit payments to participants, which reflect expected future service, as appropriate, expected to be paid by the plans in the periods indicated ($ in millions): U.S. Pension Plans Non-U.S. Pension Plans All Pension Plans 2020 $ 1.5 $ 11.4 $ 12.9 2021 1.5 11.9 13.4 2022 1.6 13.2 14.8 2023 1.7 12.2 13.9 2024 1.8 12.8 14.6 2025-2029 9.5 66.4 75.9

Sales (Tables)

Sales (Tables)	12 Months Ended
Sales (Tables)	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Contract liabilities	Our contract liabilities as of December 31 consisted of the following ($ in millions): 2019 2018 Deferred revenue - current $ 410.1 $ 288.1 Deferred revenue - noncurrent 99.2 92.6 Total contract liabilities $ 509.3 $ 380.7
Remaining performance obligations	The aggregate performance obligations attributable to each of our segments as of December 31, 2019 is as follows ($ in millions): 2019 Professional Instrumentation $ 136.1 Industrial Technologies 419.1 Total remaining performance obligations $ 555.2
Disaggregation of revenue	Disaggregation of revenue for the year ended December 31, 2019 is presented as follows ($ in millions): Total Professional Instrumentation Industrial Technologies Sales: Sales of products $ 6,396.9 $ 3,792.8 $ 2,604.1 Sales of services 923.1 635.0 288.1 Total $ 7,320.0 $ 4,427.8 $ 2,892.2 Geographic: United States $ 4,206.5 $ 2,354.9 $ 1,851.6 China 592.0 487.3 104.7 All other (each country individually less than 5% of total sales) 2,521.5 1,585.6 935.9 Total $ 7,320.0 $ 4,427.8 $ 2,892.2 Major Products Group: Professional tools and equipment $ 5,014.7 $ 2,880.8 $ 2,133.9 Industrial automation, controls and sensors 484.1 370.5 113.6 Franchise distribution 637.9 — 637.9 Medical technologies 934.2 927.4 6.8 All other 249.1 249.1 — Total $ 7,320.0 $ 4,427.8 $ 2,892.2 End markets: Direct sales: Retail fueling (a) $ 1,903.6 $ — $ 1,903.6 Industrial & Manufacturing 448.1 390.8 57.3 Vehicle repair (a) 574.7 — 574.7 Utilities & Power 199.6 199.6 — Medical (a) 934.2 927.4 6.8 Other 1,586.9 1,312.5 274.4 Total direct sales 5,647.1 2,830.3 2,816.8 Distributors (a) 1,672.9 1,597.5 75.4 Total $ 7,320.0 $ 4,427.8 $ 2,892.2 (a) Retail fueling, Vehicle repair, and Medical include sales to these end markets made through third-party distributors. Total distributor sales for the year ended December 31, 2019 was $3,158.4 million. Disaggregation of revenue for the year ended December 31, 2018 is presented as follows ($ in millions): Total Professional Instrumentation Industrial Technologies Sales: Sales of products $ 5,755.0 $ 3,215.2 $ 2,539.8 Sales of services 697.7 439.9 257.8 Total $ 6,452.7 $ 3,655.1 $ 2,797.6 Geographic: United States $ 3,539.6 $ 1,829.6 $ 1,710.0 China 569.0 459.5 109.5 All other (each country individually less than 5% of total sales) 2,344.1 1,366.0 978.1 Total $ 6,452.7 $ 3,655.1 $ 2,797.6 Major Products Group: Professional tools and equipment $ 4,690.7 $ 2,663.1 $ 2,027.6 Industrial automation, controls and sensors 504.0 381.4 122.6 Franchise distribution 640.0 — 640.0 Medical technologies (c) 393.7 386.3 7.4 All other 224.3 224.3 — Total $ 6,452.7 $ 3,655.1 $ 2,797.6 End markets: Direct sales: Retail fueling (a) $ 1,777.5 $ — $ 1,777.5 Industrial & Manufacturing 445.1 384.5 60.6 Vehicle repair (a) 581.5 — 581.5 Utilities & Power 172.3 171.0 1.3 Medical (b) 393.7 386.3 7.4 Other 1,379.3 1,074.9 304.4 Total direct sales 4,749.4 2,016.7 2,732.7 Distributors (a) 1,703.3 1,638.4 64.9 Total $ 6,452.7 $ 3,655.1 $ 2,797.6 (a) Retail fueling and Vehicle repair include sales to these end markets made through third-party distributors. Total distributor sales for the year ended December 31, 2018 was $3,136.8 million. (b) Sales were previously disclosed in Other. (c) Sales were previously disclosed in Professional tools and equipment, Industrial automation, controls and sensors, and All other. Disaggregation of revenue for the year ended December 31, 2017 is presented as follows ($ in millions): Total Professional Instrumentation Industrial Technologies Sales: Sales of products $ 5,173.3 $ 2,813.2 $ 2,360.1 Sales of services 582.8 325.9 256.9 Total $ 5,756.1 $ 3,139.1 $ 2,617.0 Geographic: United States $ 3,148.7 $ 1,486.0 $ 1,662.7 China 498.4 416.7 81.7 All other (each country individually less than 5% of total sales) 2,109.0 1,236.4 872.6 Total $ 5,756.1 $ 3,139.1 $ 2,617.0 Major Products Group: Professional tools and equipment $ 4,211.3 $ 2,338.7 $ 1,872.6 Industrial automation, controls and sensors 481.5 368.3 113.2 Franchise distribution 626.2 — 626.2 Medical technologies (c) 233.9 228.9 5.0 All other 203.2 203.2 — Total $ 5,756.1 $ 3,139.1 $ 2,617.0 End markets: Direct sales: Retail fueling (a) $ 1,637.8 $ — $ 1,637.8 Industrial & Manufacturing 314.9 265.8 49.1 Vehicle repair (a) 569.3 — 569.3 Utilities & Power 228.2 227.3 0.9 Medical (b) 233.9 228.9 5.0 Other 1,261.3 965.3 296.0 Total direct sales 4,245.4 1,687.3 2,558.1 Distributors (a) 1,510.7 1,451.8 58.9 Total $ 5,756.1 $ 3,139.1 $ 2,617.0 (a) Retail fueling and Vehicle repair include sales to these end markets made through third-party distributors. Total distributor sales for the year ended December 31, 2017 was $2,877.8 million. (b) Sales were previously disclosed in Other (c) Sales were previously disclosed in Professional tools and equipment, Industrial automation, controls and sensors, and All other

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Schedule of earnings before income taxes	Earnings before income taxes for the years ended December 31 were as follows ($ in millions): 2019 2018 2017 United States $ 572.4 $ 687.7 $ 679.6 International 302.1 390.7 394.0 Total $ 874.5 $ 1,078.4 $ 1,073.6
Schedule of provision for income taxes	The provision for income taxes for the years ended December 31 were as follows ($ in millions): 2019 2018 2017 Current: Federal U.S. $ 38.9 $ 48.3 $ 170.0 Non-U.S. 84.6 96.3 69.8 State and local 11.7 7.8 10.5 Deferred: Federal U.S. 43.0 27.3 (62.0 ) Non-U.S. (21.1 ) (19.6 ) (1.7 ) State and local (8.0 ) — 2.7 Income tax provision $ 149.1 $ 160.1 $ 189.3
Schedule of deferred tax assets and liabilities	Deferred income tax assets and liabilities as of December 31 were as follows ($ in millions): 2019 2018 Deferred Tax Assets: Allowance for doubtful accounts $ 16.7 $ 17.4 Operating lease liabilities 44.4 — Inventories 16.6 17.9 Pension benefits 30.3 27.3 Environmental and regulatory compliance 10.4 10.1 Other accruals and prepayments 35.2 50.5 Deferred service income 15.1 7.1 Warranty services 16.0 19.7 Stock-based compensation expense 27.8 14.2 Tax credit and loss carryforwards 171.4 131.4 Valuation allowances (58.4 ) (40.3 ) Total deferred tax assets $ 325.5 $ 255.3 Deferred Tax Liabilities: Property, plant and equipment $ (47.3 ) $ (11.7 ) Operating lease right-of-use assets (43.7 ) — Insurance, including self-insurance (200.5 ) (155.2 ) Goodwill and other intangibles (722.0 ) (597.1 ) Other (26.7 ) (14.7 ) Total deferred tax liabilities (1,040.2 ) (778.7 ) Net deferred tax liability $ (714.7 ) $ (523.4 )
Schedule of effective income tax rate reconciliation	The effective income tax rate for the years ended December 31 varies from the U.S. statutory federal income tax rate as follows: Percentage of Pretax Earnings 2019 2018 2017 Statutory federal income tax rate 21.0 % 21.0 % 35.0 % Increase (decrease) in tax rate resulting from: State income taxes (net of federal income tax benefit) (0.3 )% 1.0 % 0.7 % Foreign income taxed at different rates than U.S. statutory rate (0.7 )% 0.8 % (5.3 )% U.S. federal permanent differences related to the TCJA (6.2 )% (4.8 )% (2.9 )% Compensation related (1.0 )% (1.5 )% (1.7 )% Other 0.5 % (0.5 )% (1.6 )% Effective income tax rate before adjustments related to the 2017 TCJA provisional estimates 13.3 % 16.0 % 24.2 % Deferred tax revaluation — % (1.3 )% (19.2 )% Transition tax — % 0.1 % 12.6 % Vontier transaction tax costs 3.7 % — % — % Total Vontier transaction tax costs and adjustments to 2017 TCJA provisional estimates 3.7 % (1.2 )% (6.6 )% Effective income tax rate after adjustments related to the Vontier transaction tax costs and 2017 TCJA provisional estimates 17.0 % 14.8 % 17.6 %
Schedule of unrecognized tax benefits	A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding amounts accrued for potential interest and penalties, is as follows ($ in millions): 2019 2018 2017 Unrecognized tax benefits, beginning of year $ 133.4 $ 59.0 $ 28.6 Additions based on tax positions related to the current year 17.8 40.8 25.3 Additions for tax positions of prior years 79.7 39.0 7.8 Reductions for tax positions of prior years (13.0 ) (3.8 ) (1.9 ) Lapse of statute of limitations (2.3 ) (3.5 ) (3.3 ) Settlements (0.3 ) (6.4 ) (0.6 ) Effect of foreign currency translation (0.4 ) (0.9 ) 1.9 Separation related adjustments (a) — 9.2 1.2 Unrecognized tax benefits, end of year $ 214.9 $ 133.4 $ 59.0 (a) Unrecognized tax benefit reserves increased by $9 million and $1 million during the year ended December 31, 2018 and December 31, 2017, respectively, due primarily to unrecognized tax benefits from pre-Separation periods.

Restructuring and Other Relat_2

Restructuring and Other Related Charges (Tables)	12 Months Ended
Restructuring and Other Related Charges (Tables)	Dec. 31, 2019
Restructuring and Related Activities [Abstract]
Restructuring and other related charges	Restructuring and other related charges for the years ended December 31 were as follows ($ in millions): 2019 2018 2017 Employee severance related $ 53.0 $ 5.0 $ 13.8 Facility exit and other related 3.6 0.9 2.5 Impairment charges — 1.1 2.3 Total restructuring and other related charges $ 56.6 $ 7.0 $ 18.6 2019 2018 2017 Cost of sales $ 15.8 $ 2.0 $ 2.0 Selling, general, and administrative expenses 40.8 5.0 16.6 Total $ 56.6 $ 7.0 $ 18.6 Restructuring and other related charges recorded for the years ended December 31 by segment were as follows ($ in millions): 2019 2018 2017 Professional Instrumentation $ 47.8 $ 4.5 $ 12.8 Industrial Technologies 8.8 2.5 5.8 Total $ 56.6 $ 7.0 $ 18.6
Accrual balance and utilization by type of restructuring cost	The table below summarizes the accrual balance and utilization by type of restructuring cost associated with our 2019 and 2018 restructuring actions ($ in millions): Balance as of January 1, 2018 Costs Incurred Paid/ Settled Balance as of December 31, 2018 Costs Incurred Paid/ Settled Balance as of December 31, 2019 Employee severance and related $ 9.5 $ 5.0 $ (9.6 ) $ 4.9 $ 53.0 $ (21.0 ) $ 36.9 Facility exit and other related 0.8 2.0 (2.3 ) 0.5 3.6 (3.7 ) 0.4 Total $ 10.3 $ 7.0 $ (11.9 ) $ 5.4 $ 56.6 $ (24.7 ) $ 37.3

Stock Based Compensation (Table

Stock Based Compensation (Tables)	12 Months Ended
Stock Based Compensation (Tables)	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
Schedule of Stock-Based Compensation Costs	The following summarizes the components of our stock-based compensation expense under the Stock Plan for the years ended December 31 ($ in millions): 2019 2018 2017 Stock Awards: Pretax compensation expense $ 39.5 $ 30.5 $ 26.9 Income tax benefit (7.5 ) (6.3 ) (8.7 ) Stock Award expense, net of income taxes 32.0 24.2 18.2 Stock options: Pretax compensation expense 21.9 20.3 17.3 Income tax benefit (3.3 ) (4.2 ) (5.7 ) Stock option expense, net of income taxes 18.6 16.1 11.6 Total stock-based compensation: Pretax compensation expense 61.4 50.8 44.2 Income tax benefit (10.8 ) (10.5 ) (14.4 ) Total stock-based compensation expense, net of income taxes $ 50.6 $ 40.3 $ 29.8
Schedule of Future Compensation	The following summarizes the unrecognized compensation cost for the Stock Plan awards as of December 31, 2019 . This compensation cost is expected to be recognized over a weighted average period of approximately three years , representing the remaining service period related to the awards. Future compensation amounts will be adjusted for any changes in estimated forfeitures ($ in millions): Stock Awards $ 61.2 Stock options 55.4 Total unrecognized compensation cost $ 116.6
Schedule of Assumptions Used	The following summarizes the assumptions used in the Black-Scholes model to value stock options granted under the Stock Plan during the years ended December 31: 2019 2018 2017 Risk-free interest rate 1.43% - 2.6% 2.71% - 2.96% 1.9% - 2.26% Volatility (a) 19.9 % 18.8 % 20.9 % Dividend yield (b) 0.4 % 0.4 % 0.5 % Expected years until exercise 5.5 - 8.0 5.5 - 8.0 5.5 - 8.0 Weighted average fair value at date of grant $ 19.38 $ 18.67 $ 13.43 (a) Beginning August 2018, expected volatility was based on a weighted average blend of the company’s historical stock price volatility from July 2, 2016 (the date of Separation) through the stock option grant date and the average historical stock price volatility of a group of peer companies for the expected term of the options. The weighted average volatility from July 2, 2016 to July 2018 was estimated based on an average historical stock price volatility of a group of peer companies given our limited trading history. (b) The dividend yield is calculated by dividing our annual dividend, based on the most recent quarterly dividend rate, by Fortive’s closing stock price on the grant date.
Schedule of Stock Option Activity	The following summarizes option activity under the Stock Plan for the years ended December 31, 2019 , 2018 , and 2017 (in millions, except price per share and numbers of years): Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value Outstanding as of January 1, 2017 9.4 $ 33.23 Granted 1.7 58.07 Exercised (1.0 ) 24.77 Canceled/forfeited (0.4 ) 45.12 Outstanding as of December 31, 2017 9.7 38.09 Granted 1.7 76.67 Exercised (1.4 ) 28.99 Canceled/forfeited (0.3 ) 54.13 Outstanding as of December 31, 2018 9.7 46.25 Granted 2.2 79.61 Exercised (1.2 ) 33.84 Canceled/forfeited (0.5 ) 66.16 Outstanding as of December 31, 2019 10.2 $ 53.64 6.2 $ 242.0 Vested and expected to vest as of December 31, 2019 (a) 10.0 $ 53.12 6.1 $ 240.5 Vested as of December 31, 2019 4.8 $ 38.14 4.2 $ 184.5 (a) The “expected to vest” options are the net unvested options that remain after applying the forfeiture rate assumption to total unvested options.
Schedule of Stock Options by Exercise Price Range	Options outstanding as of December 31, 2019 are summarized below (in millions; except price per share and number of years): Outstanding Vested Exercise Price Shares Average Exercise Price Average Remaining Life (in years) Shares Average Exercise Price $18.21 - $26.10 1.3 $ 23.27 1 1.3 $ 23.27 $26.11 - $40.12 1.5 34.45 4 1.5 34.45 $40.13 - $45.64 2.1 42.69 6 1.2 42.74 $45.65 - $54.12 0.4 49.83 7 0.2 50.06 $54.13 - $76.05 2.0 63.23 8 0.4 61.74 $76.06 - $86.03 2.9 79.47 9 0.2 76.97 Total shares 10.2 4.8
Schedule of Aggregate Intrinsic Value and Cash Receipts	The following summarizes aggregate intrinsic value and cash receipts related to stock option exercise activity under the Stock Plans for the years ended December 31 ($ in millions): 2019 2018 2017 Aggregate intrinsic value of stock options exercised $ 52.5 $ 68.7 $ 42.3 Cash receipts from stock options exercised $ 40.0 $ 39.3 $ 26.0
Schedule of Stock Unit Activity	The following summarizes information related to Stock Award activity under the Stock Plan for the years ended December 31, 2019 , 2018 , and 2017 (in millions; except price per share): Number of Stock Awards (a) Weighted Average Grant-Date Fair Value Unvested as of January 1, 2017 2.1 $ 39.20 Granted 0.5 57.79 Vested (0.6 ) 35.96 Forfeited (0.1 ) 43.94 Unvested as of December 31, 2017 1.9 45.92 Granted 0.6 77.78 Vested (0.6 ) 41.28 Forfeited (0.1 ) 53.23 Unvested as of December 31, 2018 1.8 57.63 Granted 0.9 80.44 Vested (0.5 ) 48.90 Forfeited (0.2 ) 66.64 Unvested as of December 31, 2019 2.0 69.37 (a) For the year ended December 31, 2017, the table excludes the stock award activity for employees of the A&S Business that was divested on October 1, 2018.

Capital Stock and Earnings Pe_2

Capital Stock and Earnings Per Share (Tables)	12 Months Ended
Capital Stock and Earnings Per Share (Tables)	Dec. 31, 2019
Earnings Per Share [Abstract]
Schedule of Cash Dividends per Common Share	We declared and paid cash dividends per common share during the periods presented as follows: Dividend Per Common Share Amount ($ in millions) 2019: First quarter $ 0.07 $ 23.4 Second quarter 0.07 23.4 Third quarter 0.07 23.5 Fourth quarter 0.07 23.5 Total $ 0.28 $ 93.8 2018: First quarter $ 0.07 $ 24.3 Second quarter 0.07 24.4 Third quarter 0.07 24.5 Fourth quarter 0.07 23.4 Total $ 0.28 $ 96.6 The sum of the components of total dividends paid may not equal the total amount due to rounding. We declared and paid cash dividends on our MCPS during the periods presented as follows: Dividend Per Preferred Share Amount ($ in millions) 2019: First quarter $ 12.50 $ 17.3 Second quarter 12.50 17.2 Third quarter 12.50 17.3 Fourth quarter 12.50 17.2 Total $ 50.00 $ 69.0 2018: Third quarter $ 12.78 $ 17.6 Fourth quarter 12.50 17.3 Total $ 25.28 $ 34.9
Schedule of Earnings Per Share	Information related to the calculation of net earnings per share of common stock is summarized as follows ($ and shares in millions, except per share amounts) Year Ended December 31, 2019 2018 2017 Numerator Net earnings from continuing operations $ 725.4 $ 918.3 $ 884.3 Mandatory convertible preferred stock cumulative dividends (69.0 ) (34.9 ) — Net earnings attributable to common stockholders from continuing operations $ 656.4 $ 883.4 $ 884.3 Denominator Weighted average common shares outstanding used in basic earnings per share 335.8 345.5 347.5 Incremental common shares from: Assumed exercise of dilutive options and vesting of dilutive Stock Awards 4.2 5.2 5.1 Weighted average common shares outstanding used in diluted earnings per share 340.0 350.7 352.6 Net earnings from continuing operations per common share - Basic $ 1.95 $ 2.56 $ 2.54 Net earnings from continuing operations per common share - Diluted $ 1.93 $ 2.52 $ 2.51

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
Segment Information (Tables)	Dec. 31, 2019
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	Segment results are shown below ($ in millions): Year Ended December 31 2019 2018 2017 Sales: Professional Instrumentation $ 4,427.8 $ 3,655.1 $ 3,139.1 Industrial Technologies 2,892.2 2,797.6 2,617.0 Total $ 7,320.0 $ 6,452.7 $ 5,756.1 Operating Profit: Professional Instrumentation $ 547.9 $ 744.6 $ 712.9 Industrial Technologies 553.9 525.6 503.6 Other (97.7 ) (91.8 ) (73.5 ) Total $ 1,004.1 $ 1,178.4 $ 1,143.0 Segment assets: Professional Instrumentation $ 13,005.5 $ 8,592.6 $ 5,588.1 Industrial Technologies 2,950.2 3,011.2 2,902.7 Total segment assets 15,955.7 11,603.8 8,490.8 Other 1,480.1 1,271.8 1,138.8 Assets of Discontinued Operations 3.2 30.0 871.0 Total assets $ 17,439.0 $ 12,905.6 $ 10,500.6 Depreciation and amortization: Professional Instrumentation $ 337.5 $ 168.7 $ 82.0 Industrial Technologies 87.0 88.7 70.3 Other 1.7 3.4 6.0 Total $ 426.2 $ 260.8 $ 158.3 Capital expenditures, gross: Professional Instrumentation $ 65.0 $ 58.4 $ 37.0 Industrial Technologies 40.7 44.8 71.8 Other 6.8 9.1 2.3 Total $ 112.5 $ 112.3 $ 111.1
Schedule of Operations in Geographical Areas	Operations in Geographic Areas: Year Ended December 31 ($ in millions) 2019 2018 2017 Sales: United States $ 4,206.5 $ 3,539.6 $ 3,148.7 China 592.0 569.0 498.4 All other (each country individually less than 5% of total sales) 2,521.5 2,344.1 2,109.0 Total $ 7,320.0 $ 6,452.7 $ 5,756.1 Property, plant and equipment, net United States $ 414.8 $ 464.9 $ 483.0 All other (each country individually less than 5% of total property, plant and equipment, net) 104.7 111.2 127.4 Total $ 519.5 $ 576.1 $ 610.4

Quarterly Data - Unaudited (Tab

Quarterly Data - Unaudited (Tables)	12 Months Ended
Quarterly Data - Unaudited (Tables)	Dec. 31, 2019
Quarterly Data [Abstract]
Quarterly Financial Information	($ in millions, except per share data) 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 2019: Sales $ 1,592.9 $ 1,864.7 $ 1,860.0 $ 2,002.4 Gross profit 812.7 904.0 927.7 1,035.9 Operating profit 217.3 249.5 242.1 295.2 Earnings from continuing operations, net of income taxes 164.0 175.3 207.3 178.8 Earnings (loss) from discontinued operations, net of income taxes 0.4 (0.7 ) (0.2 ) 14.0 Net earnings $ 164.4 $ 174.6 $ 207.1 $ 192.8 Earnings per common share - basic: Continuing operations $ 0.44 $ 0.47 $ 0.57 $ 0.48 Discontinued operations — — — 0.04 Total earnings per common share - basic $ 0.44 $ 0.47 $ 0.56 $ 0.52 Earnings per common share - diluted: Continuing operations $ 0.43 $ 0.47 $ 0.56 $ 0.48 Discontinued operations — — — 0.04 Total earnings per common share - diluted $ 0.43 $ 0.46 $ 0.56 $ 0.52 2018: Sales $ 1,492.2 $ 1,601.8 $ 1,601.2 $ 1,757.5 Gross profit 766.3 830.8 825.9 898.3 Operating profit 277.9 324.4 281.6 294.5 Earnings from continuing operations, net of income taxes 214.0 250.2 214.0 240.1 Earnings from discontinued operations, net of income taxes 47.2 44.8 31.3 1,872.2 Net earnings $ 261.2 $ 295.0 $ 245.3 $ 2,112.3 Earnings per common share - basic: Continuing operations $ 0.61 $ 0.72 $ 0.56 $ 0.67 Discontinued operations 0.14 0.13 0.09 5.60 Total earnings per common share - basic $ 0.75 $ 0.84 $ 0.65 $ 6.26 Earnings per common share - diluted: Continuing operations $ 0.61 $ 0.70 $ 0.55 $ 0.66 Discontinued operations 0.13 0.13 0.09 5.52 Total earnings per common share - diluted $ 0.74 $ 0.83 $ 0.64 $ 6.17 The sum of net earnings per share amount may not add due to rounding.

Business Overview and Basis f_2

Business Overview and Basis for Presentation (Details) shares in Millions	Oct. 01, 2018shares	Dec. 31, 2019segmentcountry
Product Information [Line Items]
Number of countries in which entity operates \| country		50
Number of business segments \| segment		2
A&S Business
Product Information [Line Items]
Consideration, number of shares (in shares)	15.8
A&S Business \| Altra
Product Information [Line Items]
Stockholders right to exchange (in shares)	35

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2019JPY (¥)	Dec. 31, 2019USD ($)	Aug. 24, 2017JPY (¥)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Recorded expense associated with doubtful accounts	$ 64	$ 49	$ 38
Net aggregate financing receivables		263			$ 278
Description of net investments hedged	We have designated our Euro-denominated commercial paper and ¥13.8 billion senior unsecured term facility loan as net investment hedges of our investment in certain foreign operations.
Gains (losses) related to net investment hedge	$ 5.7	$ 9.4	$ (18.8)
Yen variable interest rate term loan due 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Line of credit facility, maximum borrowing capacity \| ¥				¥ 13,800,000,000		¥ 13,800,000,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Property, Plant and Equipment (Details)	12 Months Ended
	Dec. 31, 2019
Building
Property, Plant and Equipment [Line Items]
Useful Life	30 years
Machinery and equipment \| Minimum
Property, Plant and Equipment [Line Items]
Useful Life	3 years
Machinery and equipment \| Maximum
Property, Plant and Equipment [Line Items]
Useful Life	10 years

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		$ 6,612.9
Other Comprehensive Income (Loss) before Reclassifications, Tax [Abstract]
Increase (decrease)		20.7	$ (127)	$ 133.1
Income tax impact		7.3	(0.2)	0.9
Other comprehensive income (loss) before reclassifications, net of income taxes		28	(127.2)	134
Reclassification from AOCI, Current Period, Tax [Abstract]
Increase (decrease)		3.1	4.3	5.5
Income tax impact		(0.8)	(0.8)	(1.3)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes		2.3	3.5	4.2
Total other comprehensive income (loss), net of income taxes		30.3	(123.7)	138.2
Divestiture of A&S Business			44.7
Ending balance		7,400.2	6,612.9
Foreign currency translation adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		(29.3)	64	(72.6)
Other Comprehensive Income (Loss) before Reclassifications, Tax [Abstract]
Increase (decrease)		50.5	(127.3)	136.6
Income tax impact		0	0	0
Other comprehensive income (loss) before reclassifications, net of income taxes		50.5	(127.3)	136.6
Reclassification from AOCI, Current Period, Tax [Abstract]
Increase (decrease)		0	0	0
Income tax impact		0	0	0
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes		0	0	0
Total other comprehensive income (loss), net of income taxes		50.5	(127.3)	136.6
Divestiture of A&S Business			34
Ending balance		21.2	(29.3)	64
Pension & post-retirement plan benefit adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	[1]	(57.3)	(71.6)	(73.2)
Other Comprehensive Income (Loss) before Reclassifications, Tax [Abstract]
Increase (decrease)	[1]	(29.8)	0.3	(3.5)
Income tax impact	[1]	7.3	(0.2)	0.9
Other comprehensive income (loss) before reclassifications, net of income taxes	[1]	(22.5)	0.1	(2.6)
Reclassification from AOCI, Current Period, Tax [Abstract]
Increase (decrease)	[1],[2]	3.1	4.3	5.5
Income tax impact	[1]	(0.8)	(0.8)	(1.3)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	[1]	2.3	3.5	4.2
Total other comprehensive income (loss), net of income taxes	[1]	(20.2)	3.6	1.6
Divestiture of A&S Business	[1]		10.7
Ending balance	[1]	(77.5)	(57.3)	(71.6)
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		(86.6)	(7.6)	(145.8)
Reclassification from AOCI, Current Period, Tax [Abstract]
Total other comprehensive income (loss), net of income taxes		30.3	(123.7)	138.2
Divestiture of A&S Business			44.7
Ending balance		$ (56.3)	$ (86.6)	$ (7.6)

[1]	Includes balances relating to employee defined benefit plans, supplemental executive retirement plans, and other postretirement employee benefit plans.
[2]	This component of AOCI is included in the computation of net periodic pension cost (refer to Note 12 for additional details) and also includes activity related to the divestiture of the A&S Business.

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) customer in Thousands, $ in Millions	Apr. 01, 2019USD ($)country	Sep. 06, 2018USD ($)customer	Jul. 27, 2018USD ($)	Dec. 31, 2019USD ($)acquisitionbusinesscountry	Dec. 31, 2018USD ($)acquisitionbusiness	Dec. 31, 2017USD ($)business	Dec. 31, 2016USD ($)
Business Acquisition [Line Items]
Goodwill				$ 8,399.3	$ 6,133.1	$ 4,560.3
Goodwill, purchase accounting adjustments				74.7
Accruent
Business Acquisition [Line Items]
Total purchase price		$ 2,000
Revenue of prior fiscal year						200
Goodwill		$ 1,200
Number of customers served \| customer		10
Gordian
Business Acquisition [Line Items]
Total purchase price			$ 778
Revenue of prior fiscal year						110
Goodwill			$ 435
Accruent and Gordian
Business Acquisition [Line Items]
Revenue from acquiree since acquisition date					115
Operating income (loss) since acquisition					(51)
Other
Business Acquisition [Line Items]
Total purchase price				1,207.4	44
Revenue of prior fiscal year					$ 191	35
Prepaid acquisition asset related to remaining Non-Principal Countries				0
Revenue from acquiree since acquisition date				76
Operating income (loss) since acquisition				(53)
Pretax transaction and integration related costs related costs				$ 17
Number of other businesses acquired \| business				4	2
Goodwill				$ 772.6	$ 31
Tax deductible goodwill				21
Additional equity investment				4
2018 Acquisitions
Business Acquisition [Line Items]
Total purchase price					2,815.1
Prepaid acquisition asset related to remaining Non-Principal Countries					0
Pretax transaction and integration related costs related costs					$ 25
Number of other businesses acquired \| acquisition					4
Goodwill					$ 1,601.2
2017 Acquisitions
Business Acquisition [Line Items]
Total purchase price						1,556.6
Revenue of prior fiscal year							$ 389
Prepaid acquisition asset related to remaining Non-Principal Countries						0
Pretax transaction and integration related costs related costs						$ 19
Number of other businesses acquired \| business						3
Goodwill						$ 1,035.2
ASP
Business Acquisition [Line Items]
Total purchase price	$ 2,700			$ 2,736.5
Revenue of prior fiscal year					800
Number of principal countries \| country	20
Number of non-principal countries \| country	39
Number of principal countries closed \| country				20
Number of non-principal countries closed \| country				4
Percent of preliminary valuation in acquired countries				98.00%
Percent of preliminary valuation in non-principal countries				2.00%
Prepaid acquisition asset related to remaining Non-Principal Countries				$ 50.1
Revenue from acquiree since acquisition date				525
Operating income (loss) since acquisition				(111)
Post-close transaction and integration costs				230
Pretax transaction and integration related costs related costs				86	$ 42
Goodwill				1,420.3
Acquisitions, 2019
Business Acquisition [Line Items]
Total purchase price				3,943.9
Prepaid acquisition asset related to remaining Non-Principal Countries				50.1
Pretax transaction and integration related costs related costs				$ 102
Number of other businesses acquired \| acquisition				5
Goodwill				$ 2,192.9

Acquisitions - Schedule of Busi

Acquisitions - Schedule of Business Combinations (Details) - USD ($) $ in Millions	Apr. 01, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Business Acquisition [Line Items]
Goodwill		$ 8,399.3	$ 6,133.1	$ 4,560.3
ASP
Business Acquisition [Line Items]
Accounts receivable		0
Inventories		173.8
Property, plant and equipment		45.7
Goodwill		1,420.3
Other intangible assets, primarily customer relationships, trade names and technology		1,120
Other assets and liabilities, net		(73.4)
Total consideration allocated to closed Principal and Non-Principal Countries		2,686.4
Prepaid acquisition asset related to remaining Non-Principal Countries		50.1
Net cash consideration	$ 2,700	2,736.5
Other
Business Acquisition [Line Items]
Accounts receivable		46.4
Inventories		16.1
Property, plant and equipment		10.7
Goodwill		772.6	31
Other intangible assets, primarily customer relationships, trade names and technology		531.8
Other assets and liabilities, net		(170.2)
Prepaid acquisition asset related to remaining Non-Principal Countries		0
Net cash consideration		1,207.4	44
2019 Acquisitions
Business Acquisition [Line Items]
Accounts receivable		46.4
Inventories		189.9
Property, plant and equipment		56.4
Goodwill		2,192.9
Other intangible assets, primarily customer relationships, trade names and technology		1,651.8
Trade accounts payable		0
Other assets and liabilities, net		(243.6)
Previously held investment		0
Prepaid acquisition asset related to remaining Non-Principal Countries		50.1
Net cash consideration		$ 3,943.9
2018 Acquisitions
Business Acquisition [Line Items]
Accounts receivable			86.7
Inventories			3.9
Property, plant and equipment			7.1
Goodwill			1,601.2
Other intangible assets, primarily customer relationships, trade names and technology			1,345.8
Trade accounts payable			(9.9)
Other assets and liabilities, net			(219.7)
Previously held investment			0
Prepaid acquisition asset related to remaining Non-Principal Countries			0
Net cash consideration			$ 2,815.1
2017 Acquisitions
Business Acquisition [Line Items]
Accounts receivable				103.7
Inventories				37.3
Property, plant and equipment				137.1
Goodwill				1,035.2
Other intangible assets, primarily customer relationships, trade names and technology				587.8
Trade accounts payable				(18.7)
Other assets and liabilities, net				(289)
Previously held investment				(36.8)
Prepaid acquisition asset related to remaining Non-Principal Countries				0
Net cash consideration				$ 1,556.6

Acquisitions - Pro Forma Inform

Acquisitions - Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Business Combinations [Abstract]
Sales	$ 7,659.9	$ 7,625.3
Net earnings from continuing operations	$ 805	$ 898.7
Diluted net earnings per share from continuing operations (in dollars per share)	$ 2.37	$ 2.56

Discontinued Operations and D_3

Discontinued Operations and Dispositions - Narrative (Details) $ in Millions	Jul. 20, 2019USD ($)	Oct. 01, 2018USD ($)shares	Mar. 07, 2018company	Dec. 31, 2019USD ($)segment	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of operating segments \| segment				2
Cash paid to company for direct sales of assets and liabilities				$ 0	$ 0	$ 21.5
Gain (loss) from stake in business				40.8	0	$ 15.3
Telestream, LLC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) from stake in business	$ 41
Equity stake in the Combined Business (as a percent)	33.00%
Carrying amount of investment in Combined Business				82
Equity income (loss) from stake in the Combined Business				$ (4)
A&S Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Consideration, number of shares (in shares) \| shares		15,800,000
A&S Business \| Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of operating segments \| company			4
Consideration		$ 2,700
Exchange offer		$ 1,300
Consideration, number of shares (in shares) \| shares		15,824,931
Cash paid to company for direct sales of assets and liabilities		$ 1,000
Debt-for-debt exchange		250
Cash paid to company as a dividend		$ 150
After tax gain on transaction					1,900
Pretax transaction-related costs					$ 77
A&S Business \| Discontinued Operations \| Stevens Holding Company, Inc.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Stockholders right to exchange (in shares) \| shares		35,000,000

Discontinued Operations and D_4

Discontinued Operations and Dispositions - Key Components of Income and Major Classes of Assets and Liabilities from Discontinued Operations (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 27, 2019	Jun. 28, 2019	Mar. 29, 2019	Dec. 31, 2018	Sep. 28, 2018	Jun. 29, 2018	Mar. 30, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Sales									$ 6.1	$ 750.5	$ 900
Cost of sales									(6.2)	(438.9)	(522.9)
Selling, general, and administrative expenses									0	(92.3)	(124.5)
Research and development expenses									0	(26.9)	(36.7)
Gain (loss) on disposition of discontinued operations before income taxes									(2.1)	1,909.9	0
Interest expense and other									0	(4.6)	(5.3)
Earnings (loss) before income taxes									(2.2)	2,097.7	210.6
Income taxes									15.7	(102.2)	(50.4)
Earnings from discontinued operations, net of income taxes	$ 14	$ (0.2)	$ (0.7)	$ 0.4	$ 1,872.2	$ 31.3	$ 44.8	$ 47.2	13.5	1,995.5	$ 160.2
ASSETS
Accounts receivable, net	0				4.2				0	4.2
Inventories	0				4.4				0	4.4
Other current assets	3.2				21.4				3.2	21.4
Total current assets, discontinued operations	3.2				30				3.2	30
Total assets, discontinued operations	3.2				30				3.2	30
Current liabilities:
Trade accounts payable	0				9.2				0	9.2
Accrued expenses and other current liabilities	0				21.5				0	21.5
Total current liabilities, discontinued operations	0				30.7				0	30.7
Total liabilities, discontinued operations	$ 0				$ 30.7				$ 0	$ 30.7

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Finished goods	$ 285.6	$ 219.5
Work in process	100.4	103.1
Raw materials	254.3	251.9
Total	$ 640.3	$ 574.5

Property, Plant and Equipment -

Property, Plant and Equipment - Property, Plant and Equipment (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 1,358.2	$ 1,465.9
Less: accumulated depreciation	(838.7)	(889.8)
Property, plant and equipment, net	519.5	576.1	$ 610.4
Land and improvements
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	63.4	63.1
Buildings and leasehold improvements
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	363.8	343.6
Machinery and equipment
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 931	$ 1,059.2

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Narrative (Details)	12 Months Ended
Goodwill and Other Intangible Assets - Narrative (Details)	Dec. 31, 2019USD ($)reporting_unit	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Goodwill [Line Items]
Number of reporting units \| reporting_unit	12
Goodwill, impairment loss	$ 0	$ 0	$ 0
Total amortization expense	293,000,000	$ 135,000,000	$ 65,000,000
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2020	336,000,000
2021	330,000,000
2022	315,000,000
2023	308,000,000
2024	306,000,000
Minimum
Goodwill [Line Items]
Goodwill by reporting unit	15,000,000
Maximum
Goodwill [Line Items]
Goodwill by reporting unit	$ 3,800,000,000
Customer Relationships and Developed Technology
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted average useful life	11 years	12 years

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Goodwill Rollforward (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Goodwill [Line Items]
Goodwill, purchase accounting adjustments	$ 74.7
Goodwill [Roll Forward]
Goodwill, beginning of period	6,133.1	$ 4,560.3
Goodwill attributable to acquisitions	2,192.9	1,601.2
Attributable to the Tektronix Video Business Combination	(40.2)
Foreign currency translation & other	38.8	(28.4)
Goodwill, end of period	8,399.3	6,133.1
Professional Instrumentation
Goodwill [Line Items]
Goodwill, purchase accounting adjustments	75.9
Goodwill [Roll Forward]
Goodwill, beginning of period	4,894.6	3,331
Goodwill attributable to acquisitions	2,192.9	1,571.8
Attributable to the Tektronix Video Business Combination	(40.2)
Foreign currency translation & other	3.1	(8.2)
Goodwill, end of period	7,126.3	4,894.6
Industrial Technologies
Goodwill [Line Items]
Goodwill, purchase accounting adjustments	(1.2)
Goodwill [Roll Forward]
Goodwill, beginning of period	1,238.5	1,229.3
Goodwill attributable to acquisitions	0	29.4
Attributable to the Tektronix Video Business Combination	0
Foreign currency translation & other	35.7	(20.2)
Goodwill, end of period	$ 1,273	$ 1,238.5

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Finite and Indefinite Lived Assets (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangibles, gross carrying amount	$ 4,266.2	$ 2,818.2
Finite-lived intangibles, accumulated amortization	(1,149.7)	(870.7)
Intangible assets, gross (excluding goodwill)	4,994.7	3,347
Trademarks and trade names
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangibles, gross carrying amount	728.5	528.8
Patents and technology
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangibles, gross carrying amount	1,041.4	614
Finite-lived intangibles, accumulated amortization	(357)	(280.8)
Customer relationships and other intangibles
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangibles, gross carrying amount	3,206.8	2,204.2
Finite-lived intangibles, accumulated amortization	(792.5)	(589.9)
Trademarks and trade names
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangibles, gross carrying amount	18	0
Finite-lived intangibles, accumulated amortization	$ (0.2)	$ 0

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Current portion of long-term debt	$ 1,500	$ 455.6
Current portion of long-term debt, fair value	1,500	454.9
Long-term debt	4,828.4	2,974.7
Long-term borrowings, fair value	4,992.3	2,867.5
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation liabilities	29.6	20.8
Fair Value, Measurements, Recurring \| Quoted Prices in Active Market (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation liabilities	0	0
Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation liabilities	29.6	20.8
Fair Value, Measurements, Recurring \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation liabilities	$ 0	$ 0

Accrued Expenses and Other Li_3

Accrued Expenses and Other Liabilities - Schedule of Accrued Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Current
Compensation and other post-retirement benefits	$ 264.5	$ 244.5
Claims, including self-insurance and litigation	15.2	10.9
Pension obligations	4	7.8
Taxes, income and other	99	174.7
Deferred revenue	410.1	288.1
Sales and product allowances	52.2	49.8
Warranty	77.1	71
Other	224.7	152.5
Total	1,146.8	999.3
Long-term
Compensation and other post-retirement benefits	68	60.2
Claims, including self-insurance and litigation	75.3	74.4
Pension obligations	146.6	117.6
Taxes, income and other	1,124.7	728.3
Deferred revenue	99.2	92.6
Sales and product allowances	0	0
Warranty	1.9	1.1
Other	68.5	51.7
Total	$ 1,584.2	$ 1,125.9

Accrued Expenses and Other Li_4

Accrued Expenses and Other Liabilities - Schedule of Accrued Warranty Liability (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Movement in Standard Product Warranty Accrual [Roll Forward]
Accrued warranty liability, beginning of period	$ 72.1	$ 65.3
Accruals for warranties issued during the year	80.3	81.7
Settlements made	(75.9)	(77.2)
Additions due to acquisitions	2	2.6
Effect of foreign currency translation	0.5	(0.3)
Accrued warranty liability, end of period	$ 79	$ 72.1

Leases (Details)

Leases (Details) - USD ($) $ in Millions	12 Months Ended
Leases (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Jan. 01, 2019
Lessee, Lease, Description [Line Items]
Operating lease right-of-use assets	$ 206.8			$ 175
Operating lease, liability	213.9			$ 175
Operating lease cost	80
Operating lease cost		$ 64	$ 46
Operating lease payments	65
ROU assets obtained in exchange for operating lease liabilities	$ 80
Weighted average lease term of operating leases	7 years 1 month 6 days
Weighted average discount rate of operating leases (as a percent)	3.40%
Fixed payments of leases not yet commenced	$ 22
Minimum
Lessee, Lease, Description [Line Items]
Term of contract for operating leases for which lease term has not yet commenced	1 year
Maximum
Lessee, Lease, Description [Line Items]
Period to terminate lease (less than)	1 year
Period to extend lease	15 years
Term of contract for operating leases for which lease term has not yet commenced	15 years
Acquisitions, ASP
Lessee, Lease, Description [Line Items]
ROU assets obtained in exchange for operating lease liabilities	$ 31

Leases - Maturity of Operating

Leases - Maturity of Operating Lease Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2019	Jan. 01, 2019
Leases [Abstract]
2020	$ 57.4
2021	45.8
2022	34.1
2023	22.8
2024	16.2
Thereafter	63.2
Total lease payments	239.5
Less: imputed interest	(25.6)
Total lease liabilities	$ 213.9	$ 175

Leases - Future Minimum Rental

Leases - Future Minimum Rental Payments Under Topic 840 (Details) $ in Millions	Dec. 31, 2018USD ($)
Leases [Abstract]
2019	$ 54.2
2020	41.2
2021	32.4
2022	24
2023	13.5
Thereafter	16.1
Total lease payments	$ 181.4

Financing - Components of Debt

Financing - Components of Debt (Details) - USD ($) $ in Millions	Dec. 31, 2019	Feb. 22, 2019	Dec. 31, 2018	Jun. 20, 2016
Debt Instrument [Line Items]
Long-term debt	$ 6,328.4		$ 3,430.3
Less: Current portion of long-term debt	1,500		455.6
Long-term debt, net of current maturities	4,828.4		2,974.7
Commercial Paper
Debt Instrument [Line Items]
Long-term debt	1,100
U.S. dollar-denominated commercial paper \| Commercial Paper
Debt Instrument [Line Items]
Long-term debt	884.4		390.1
Euro-denominated commercial paper \| Commercial Paper
Debt Instrument [Line Items]
Long-term debt	264.1		270.1
Delayed-draw term loan due 2019 \| Line of Credit
Debt Instrument [Line Items]
Long-term debt	0		400
Delayed-draw term loan due 2020 \| Line of Credit
Debt Instrument [Line Items]
Long-term debt	1,000		0
Term loan due 2020 \| Line of Credit
Debt Instrument [Line Items]
Long-term debt	500		0
Yen variable interest rate term loan due 2022 \| Line of Credit
Debt Instrument [Line Items]
Long-term debt	127.1		125.7
1.80% senior unsecured notes due 2019 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt	0		55.6
Interest rate (as a percent)				1.80%
2.35% senior unsecured notes due 2021 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt	$ 748.2		747
Interest rate (as a percent)	2.35%			2.35%
3.15% senior unsecured notes due 2026 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt	$ 893		891.9
Interest rate (as a percent)	3.15%			3.15%
4.30% senior unsecured notes due 2046 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt	$ 547		546.9
Interest rate (as a percent)				4.30%
0.875% senior convertible notes due 2022 \| Convertible Debt
Debt Instrument [Line Items]
Long-term debt	1,347.3	$ 1,300	0
Interest rate (as a percent)		0.875%
Other
Debt Instrument [Line Items]
Long-term debt	$ 17.3		$ 3

Financing - Narrative (Details)

Feb. 26, 2020USD ($)

Nov. 08, 2019USD ($)

Oct. 25, 2019USD ($)

Jun. 15, 2019USD ($)

Mar. 20, 2019USD ($)

Mar. 01, 2019USD ($)

Feb. 28, 2019USD ($)

Feb. 22, 2019USD ($)$ / shares

Feb. 19, 2019$ / shares

Nov. 30, 2018USD ($)

Nov. 21, 2018USD ($)

Oct. 01, 2018USD ($)

Sep. 26, 2018USD ($)

Sep. 05, 2018USD ($)

Aug. 22, 2018USD ($)

Aug. 28, 2017JPY (¥)

Aug. 28, 2017USD ($)

Aug. 24, 2017JPY (¥)

Jun. 16, 2016USD ($)

Dec. 31, 2019USD ($)

Dec. 31, 2018USD ($)

Dec. 31, 2017USD ($)

Dec. 31, 2019JPY (¥)

Dec. 31, 2019USD ($)

Jun. 20, 2016USD ($)

Debt Instrument [Line Items]

Debt discounts, premiums and issuance costs

$ 17,000,000

$ 102,000,000

Closing price (usd per share) | $ / shares

$ 80.48

Long-term debt

3,430,300,000

6,328,400,000

Proceeds from borrowings (maturities greater than 90 days), net of $24.3 million of issuance costs in 2019

$ 2,913,200,000

1,750,000,000

$ 125,900,000

Interest payments

$ (127,000,000)

(102,000,000)

$ (87,000,000)

Current portion of long-term debt

455,600,000

1,500,000,000

Commercial Paper

Debt Instrument [Line Items]

Long-term debt

1,100,000,000

Senior Notes

Debt Instrument [Line Items]

Debt discounts, premiums and issuance costs

102,000,000

Senior Notes | Debt Instrument, Redemption, Period One

Debt Instrument [Line Items]

Redemption price, percentage

101.00%

Senior Convertible Notes Due 2022 | Convertible Debt

Debt Instrument [Line Items]

Aggregate principal amount

$ 1,400,000,000

Interest rate (as a percent)

0.875%

Conversion ratio

0.009378

Conversion price (in dollars per share) | $ / shares

$ 106.64

Conversion price, premium (as a percent)

32.50%

Proceeds from convertible debt

$ 1,400,000,000

Long-term debt

1,300,000,000

1,347,300,000

Notes classified as equity

$ 102,000,000

Effective interest rate (as a percent)

3.38%

Debt issuance costs

$ 24,000,000

Interest expense

$ 45,000,000

Interest expense related to contractual coupon rate

11,000,000

Amortization of debt issuance costs

$ 7,000,000

Unamortized discount

$ 102,000,000

74,000,000

Amortization period of discount

3 years

Senior Convertible Notes Due 2022 | Convertible Debt | Debt Instrument, Redemption, Period One

Debt Instrument [Line Items]

Redemption price, percentage

100.00%

Senior Convertible Notes Due 2022 | Convertible Debt | Debt Instrument, Redemption, Period Two

Debt Instrument [Line Items]

Redemption price, percentage

100.00%

Aggregate principal amount of outstanding notes, percentage

25.00%

Senior Convertible Notes due 2022, Over-Allotment Option | Convertible Debt

Debt Instrument [Line Items]

Aggregate principal amount

$ 187,500,000

U.S. dollar-denominated commercial paper | Commercial Paper

Debt Instrument [Line Items]

Long-term debt

390,100,000

884,400,000

Debt term

13 days

Short-term maturity period (maximum)

397 days

Euro-denominated commercial paper | Commercial Paper

Debt Instrument [Line Items]

Long-term debt

270,100,000

264,100,000

Debt term

33 days

Short-term maturity period (maximum)

183 days

1.80% senior unsecured notes due 2019 | Senior Notes

Debt Instrument [Line Items]

Aggregate principal amount

$ 300,000,000

Interest rate (as a percent)

1.80%

Long-term debt

55,600,000

Repayments of long-term debt

$ 55,300,000

Percentage of principal amount of notes issued

99.893%

Note retirement

$ 244,700,000

2.35% senior unsecured notes due 2021 | Senior Notes

Debt Instrument [Line Items]

Aggregate principal amount

$ 750,000,000

Interest rate (as a percent)

2.35%

Long-term debt

747,000,000

$ 748,200,000

Percentage of principal amount of notes issued

99.977%

3.15% senior unsecured notes due 2026 | Senior Notes

Debt Instrument [Line Items]

Aggregate principal amount

$ 900,000,000

Interest rate (as a percent)

3.15%

Long-term debt

891,900,000

$ 893,000,000

Percentage of principal amount of notes issued

99.644%

Initial Senior Unsecured Notes due 2046 | Senior Notes

Debt Instrument [Line Items]

Aggregate principal amount

$ 350,000,000

Interest rate (as a percent)

4.30%

Percentage of principal amount of notes issued

99.783%

Additional Senior Unsecured Notes due 2046 | Senior Notes

Debt Instrument [Line Items]

Aggregate principal amount

$ 200,000,000

Interest rate (as a percent)

4.30%

Percentage of principal amount of notes issued

101.564%

Other Debt

Debt Instrument [Line Items]

Long-term debt

3,000,000

$ 17,300,000

Line of Credit | Delayed-Draw Term Loan

Debt Instrument [Line Items]

Long-term debt

400,000,000

$ 0

Debt term

364 days

Line of credit facility, maximum borrowing capacity

$ 1,750,000,000

Amount borrowed under the credit agreement

$ 1,750,000,000

Line of credit facility, interest rate at period end

3.24%

Repayments of lines of credit

$ 950,000,000

$ 400,000,000

Repayments of long-term debt

$ 400,000,000

Line of Credit | Delayed-Draw Term Loan | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Spread on variable rate

0.75%

Line of Credit | Term Loan Due 2020

Debt Instrument [Line Items]

Long-term debt

$ 500,000,000

Line of credit facility, maximum borrowing capacity

$ 500,000,000

$ 300,000,000

Amount borrowed under the credit agreement

$ 300,000,000

Increase in size of credit facility

$ 200,000,000

Line of credit facility, interest rate at period end

2.49%

Line of Credit | Term Loan Due 2020 | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Spread on variable rate

0.75%

Line of Credit | Delayed-Draw Term Loan Due 2020

Debt Instrument [Line Items]

Long-term debt

$ 1,000,000,000

Debt term

364 days

Line of credit facility, maximum borrowing capacity

$ 1,000,000,000

Amount borrowed under the credit agreement

$ 1,000,000,000

Line of credit facility, interest rate at period end

2.49%

Line of Credit | Delayed-Draw Term Loan Due 2020 | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Spread on variable rate

0.75%

Yen variable interest rate term loan due 2022

Debt Instrument [Line Items]

Debt term

5 years

Line of credit facility, maximum borrowing capacity | ¥

¥ 13,800,000,000

Amount borrowed under the credit agreement | ¥

¥ 13,800,000,000

Proceeds from borrowings (maturities greater than 90 days), net of $24.3 million of issuance costs in 2019

$ 126,000,000

Line of credit facility, interest rate during period

0.50%

Yen variable interest rate term loan due 2022 | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Spread on variable rate

0.50%

Revolving Credit Facility

Debt Instrument [Line Items]

Debt term

5 years

Senior unsecured revolving credit facility

$ 2,000,000,000

$ 1,500,000,000

Revolving credit facility, extension option

1 year

Additional increase to the Credit Agreement

$ 1,000,000,000

Consolidated net leverage ratio covenant (less than)

3.50

Consolidated net leverage ratio covenant, increase amount

Covenant, business acquisition, purchase price not to exceed

$ 250,000,000

Consolidated interest coverage ratio covenant (greater than)

3.50

Borrowings outstanding on line of credit

$ 0

Revolving Credit Facility | Minimum

Debt Instrument [Line Items]

Line of credit facility, commitment fee percentage

0.07%

Revolving Credit Facility | Maximum

Debt Instrument [Line Items]

Line of credit facility, commitment fee percentage

0.20%

Revolving Credit Facility | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Spread on variable rate

0.175%

Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | Minimum

Debt Instrument [Line Items]

Spread on variable rate

0.805%

Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | Maximum

Debt Instrument [Line Items]

Spread on variable rate

1.175%

Revolving Credit Facility | Fed Funds Effective Rate Overnight Index Swap Rate

Debt Instrument [Line Items]

Spread on variable rate

0.50%

Subsequent Event | Line of Credit | Term Loan Due 2020

Debt Instrument [Line Items]

Repayments of long-term debt

$ 250,000,000

Financing - Minimum Principal P

Financing - Minimum Principal Payments (Details) - USD ($) $ in Millions		Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
2020		$ 1,500
2021		750
2022		1,564.6
2023		0
2024		0
Thereafter		1,450
Long-term debt	[1]	5,264.6
Debt discounts, premiums and issuance costs		102	$ 17
Long-term debt		6,328.4	3,430.3
Term loan
Debt Instrument [Line Items]
2020		1,500
2021		0
2022		127.1
2023		0
2024		0
Thereafter		0
Long-term debt	[1]	1,627.1
Senior Notes
Debt Instrument [Line Items]
2020		0
2021		750
2022		1,437.5
2023		0
2024		0
Thereafter		1,450
Long-term debt	[1]	3,637.5
Debt discounts, premiums and issuance costs		102
Commercial Paper
Debt Instrument [Line Items]
Long-term debt		1,100
Other
Debt Instrument [Line Items]
Long-term debt		$ 17.3	$ 3

[1]	Not included in the table above are net discounts, premiums and issuance costs associated with the Registered Notes and the Commercial Paper Programs, which totaled $102 million as of December 31, 2019, and have been recorded as an offset to the carrying amount of the related debt in the accompanying Consolidated Balance Sheet as of December 31, 2019. In addition, the table above does not include principal balances of $1.1 billion under the Commercial Paper Programs and other financing balances of $17 million.

Financing - Commercial Paper Pr

Financing - Commercial Paper Programs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Carrying Value	$ 6,328.4	$ 3,430.3
Commercial Paper
Debt Instrument [Line Items]
Carrying Value	1,100
Commercial Paper \| U.S. dollar-denominated
Debt Instrument [Line Items]
Carrying Value	$ 884.4	390.1
Annual effective rate (as a percent)	2.14%
Weighted average remaining maturity (in days)	13 days
Commercial Paper \| Euro-denominated
Debt Instrument [Line Items]
Carrying Value	$ 264.1	$ 270.1
Annual effective rate (as a percent)	(0.10%)
Weighted average remaining maturity (in days)	33 days

Pension Plans - Funded Status o

Pension Plans - Funded Status of Non-U.S. Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
U.S. Pension Benefits
Change in pension benefit obligation:
Benefit obligation at beginning of year	$ 30.9	$ 33.7
Service cost	0	0	$ 0
Interest cost	1.3	1.2	0.3
Employee contributions	0	0
Benefits paid and other	(1.2)	(1.3)
Plan acquisitions	0	0
Actuarial loss (gain)	4.2	(2.7)
Amendments, settlements and curtailments	0	0
Foreign exchange rate impact	0	0
Benefit obligation at end of year	35.2	30.9	33.7
Change in plan assets:
Fair value of plan assets at beginning of year	23.3	25.8
Actual return on plan assets	3.9	(1.2)
Employer contributions	0.5	0
Employee contributions	0	0
Amendments and settlements	0	0
Benefits paid and other	(1.2)	(1.3)
Plan acquisitions	0	0
Foreign exchange rate impact	0	0
Fair value of plan assets at end of year	26.5	23.3	25.8
Funded status	(8.7)	(7.6)
Non-U.S. Pension Benefits
Change in pension benefit obligation:
Benefit obligation at beginning of year	274.3	300.8
Service cost	2.3	1.3	3.5
Interest cost	5.7	5.7	5.8
Employee contributions	0.9	0.2
Benefits paid and other	(8.7)	(9.5)
Plan acquisitions	25.1	0
Actuarial loss (gain)	39.3	(7)
Amendments, settlements and curtailments	(0.6)	(3)
Foreign exchange rate impact	1.2	(14.2)
Benefit obligation at end of year	339.5	274.3	300.8
Change in plan assets:
Fair value of plan assets at beginning of year	156.5	172.2
Actual return on plan assets	20.5	(3.1)
Employer contributions	10.9	9.8
Employee contributions	0.9	0.2
Amendments and settlements	(2.7)	(4.4)
Benefits paid and other	(8.7)	(9.5)
Plan acquisitions	17.8	0
Foreign exchange rate impact	2.4	(8.7)
Fair value of plan assets at end of year	197.6	156.5	$ 172.2
Funded status	$ (141.9)	$ (117.8)

Pension Plans - Weighted Averag

Pension Plans - Weighted Average Assumptions Used to Determine Benefit Obligations (Details)	Dec. 31, 2019	Dec. 31, 2018
U.S. Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Discount rate	3.37%	4.40%
Non-U.S. Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Discount rate	1.41%	2.30%
Rate of compensation increase	2.47%	2.63%

Pension Plans - Components of N

Pension Plans - Components of Net Periodic Pension Cost (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
U.S. Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0	$ 0	$ 0
Interest cost	1.3	1.2	0.3
Expected return on plan assets	(1.3)	(1.4)	(0.3)
Amortization of net loss	0	0	0
Net curtailment and settlement loss recognized	0	0	0
Net periodic pension cost	0	(0.2)	0
Non-U.S. Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	2.3	1.3	3.5
Interest cost	5.7	5.7	5.8
Expected return on plan assets	(5.9)	(5.8)	(6.2)
Amortization of net loss	2.9	2.6	3.8
Net curtailment and settlement loss recognized	0.2	1	0.9
Net periodic pension cost	$ 5.2	$ 4.8	$ 7.8

Pension Plans - Narrative (Deta

Pension Plans - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
Pension Plans - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Unrecognized prior service cost, before tax	$ 3
Unrecognized prior service cost, after tax	3
Unrecognized actuarial losses, before tax	97
Unrecognized actuarial losses, after tax	74
Future actuarial losses, before tax	4
Future actuarial losses, after tax	$ 3
Number of days prior written notice to redeem investments	90 days
Compensation expense recognized for 401(k)	$ 63	$ 53	$ 45
Minimum
Defined Benefit Plan Disclosure [Line Items]
Expected return on plan assets	1.50%	1.75%	1.75%
Maximum
Defined Benefit Plan Disclosure [Line Items]
Expected return on plan assets	6.00%	6.00%	6.00%
Non-U.S. Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Expected return on plan assets	3.50%	3.48%	3.54%
Current fiscal year contributions	$ 11
Expected contributions, defined benefit pension plans, next fiscal year	$ 10
U.S. Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Expected return on plan assets	5.75%	5.75%	5.75%
Expected contributions, defined benefit pension plans, next fiscal year	$ 1

Pension Plans - Weighted Aver_2

Pension Plans - Weighted Average Assumptions Used to Determine Net Periodic Pension Cost (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
U.S. Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.40%	3.73%	3.83%
Expected return on plan assets	5.75%	5.75%	5.75%
Non-U.S. Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Discount rate	2.30%	2.16%	2.12%
Expected return on plan assets	3.50%	3.48%	3.54%
Rate of compensation increase	2.63%	2.39%	3.03%

Pension Plans - Fair Value of P

Pension Plans - Fair Value of Pension Plan Assets (Details) - Pension Plan - USD ($) $ in Millions		Dec. 31, 2019	Dec. 31, 2018
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		$ 56.2	$ 13
Total assets at fair value		224.1	179.8
Quoted Prices in Active Market (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		12.4	2.7
Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		43.8	10.3
Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		0	0
Cash and equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		3.4	2.7
Cash and equivalents \| Quoted Prices in Active Market (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		3.4	2.7
Cash and equivalents \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		0	0
Cash and equivalents \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		0	0
Common stock
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		7.3
Common stock \| Quoted Prices in Active Market (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		7.3
Common stock \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		0
Common stock \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		0
Preferred stock
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		1.7
Preferred stock \| Quoted Prices in Active Market (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		1.7
Preferred stock \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		0
Preferred stock \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		0
Corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		8.5	0.4
Corporate bonds \| Quoted Prices in Active Market (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		0	0
Corporate bonds \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		8.5	0.4
Corporate bonds \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		0	0
Government issued
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		2.7
Government issued \| Quoted Prices in Active Market (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		0
Government issued \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		2.7
Government issued \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		0
Mutual funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		30.7	8.1
Mutual funds \| Quoted Prices in Active Market (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		0	0
Mutual funds \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		30.7	8.1
Mutual funds \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		0	0
Mutual funds \| Fair Value Measured at Net Asset Value Per Share
Defined Benefit Plan Disclosure [Line Items]
Investments measured at NAV	[1]	155.9	165.6
Insurance contracts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		1.9	1.8
Insurance contracts \| Quoted Prices in Active Market (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		0	0
Insurance contracts \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		1.9	1.8
Insurance contracts \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		0	0
Other private investments \| Fair Value Measured at Net Asset Value Per Share
Defined Benefit Plan Disclosure [Line Items]
Investments measured at NAV	[1]	$ 12	$ 1.2

[1]	The fair value amounts presented in the table above are intended to permit reconciliation of the fair value hierarchy to the total fair value of plan assets

Pension Plans - Expected Future

Pension Plans - Expected Future Benefit Payments (Details) - Pension Plan $ in Millions	Dec. 31, 2019USD ($)
Defined Benefit Plan Disclosure [Line Items]
2020	$ 12.9
2021	13.4
2022	14.8
2023	13.9
2024	14.6
2025-2029	75.9
U.S. Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
2020	1.5
2021	1.5
2022	1.6
2023	1.7
2024	1.8
2025-2029	9.5
Non-U.S. Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
2020	11.4
2021	11.9
2022	13.2
2023	12.2
2024	12.8
2025-2029	$ 66.4

Sales - Additional Information

Sales - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Capitalized Contract Cost [Line Items]
Contract assets	$ 79	$ 32
Revenue-related contract assets	147	144
Additional contract liabilities	509.3	$ 380.7
Contract liabilities, revenue recognized	$ 226
Minimum
Capitalized Contract Cost [Line Items]
Amortization period of deferred sales-related commissions	3 years
Maximum
Capitalized Contract Cost [Line Items]
Amortization period of deferred sales-related commissions	8 years
Maximum \| Deferred Sales Commissions
Capitalized Contract Cost [Line Items]
Amortization period of deferred sales-related commissions	1 year
Acquisitions, 2019
Capitalized Contract Cost [Line Items]
Additional contract liabilities	$ 92

Sales - Contract liabilities (D

Sales - Contract liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Disaggregation of Revenue [Line Items]
Deferred revenue - current	$ 410.1	$ 288.1
Deferred revenue - noncurrent	99.2	92.6
Total contract liabilities	$ 509.3	$ 380.7

Sales - Revenue, Remaining Perf

Sales - Revenue, Remaining Performance Obligation (Details) $ in Millions	Dec. 31, 2019USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 555.2
Professional Instrumentation \| Operating Segments
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	136.1
Industrial Technologies \| Operating Segments
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 419.1

Sales - Remaining Performance O

Sales - Remaining Performance Obligation, Expected Timing (Details)	Dec. 31, 2019
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percentage	40.00%
Remaining performance obligation, expected timing	2 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percentage	70.00%
Remaining performance obligation, expected timing	3 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percentage	100.00%
Remaining performance obligation, expected timing	4 years

Sales - Disaggregation of Reven

Sales - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 27, 2019	Jun. 28, 2019	Mar. 29, 2019	Dec. 31, 2018	Sep. 28, 2018	Jun. 29, 2018	Mar. 30, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Disaggregation of Revenue [Line Items]
Sales	$ 2,002.4	$ 1,860	$ 1,864.7	$ 1,592.9	$ 1,757.5	$ 1,601.2	$ 1,601.8	$ 1,492.2	$ 7,320	$ 6,452.7	$ 5,756.1
Distributors
Disaggregation of Revenue [Line Items]
Sales									3,158.4	3,136.8	2,877.8
Retail fueling
Disaggregation of Revenue [Line Items]
Sales									1,903.6	1,777.5	1,637.8
Industrial & Manufacturing
Disaggregation of Revenue [Line Items]
Sales									448.1	445.1	314.9
Vehicle repair
Disaggregation of Revenue [Line Items]
Sales									574.7	581.5	569.3
Utilities & Power
Disaggregation of Revenue [Line Items]
Sales									199.6	172.3	228.2
Medical (a)
Disaggregation of Revenue [Line Items]
Sales									934.2	393.7	233.9
Other
Disaggregation of Revenue [Line Items]
Sales									1,586.9	1,379.3	1,261.3
Total direct sales
Disaggregation of Revenue [Line Items]
Sales									5,647.1	4,749.4	4,245.4
Distributors
Disaggregation of Revenue [Line Items]
Sales									1,672.9	1,703.3	1,510.7
Products
Disaggregation of Revenue [Line Items]
Sales									6,396.9	5,755	5,173.3
Services
Disaggregation of Revenue [Line Items]
Sales									923.1	697.7	582.8
Professional tools and equipment
Disaggregation of Revenue [Line Items]
Sales									5,014.7	4,690.7	4,211.3
Industrial automation, controls and sensors
Disaggregation of Revenue [Line Items]
Sales									484.1	504	481.5
Franchise distribution
Disaggregation of Revenue [Line Items]
Sales									637.9	640	626.2
Medical technologies
Disaggregation of Revenue [Line Items]
Sales									934.2	393.7	233.9
All other
Disaggregation of Revenue [Line Items]
Sales									249.1	224.3	203.2
Professional Instrumentation \| Operating Segments
Disaggregation of Revenue [Line Items]
Sales									4,427.8	3,655.1	3,139.1
Professional Instrumentation \| Operating Segments \| Retail fueling
Disaggregation of Revenue [Line Items]
Sales									0	0	0
Professional Instrumentation \| Operating Segments \| Industrial & Manufacturing
Disaggregation of Revenue [Line Items]
Sales									390.8	384.5	265.8
Professional Instrumentation \| Operating Segments \| Vehicle repair
Disaggregation of Revenue [Line Items]
Sales									0	0	0
Professional Instrumentation \| Operating Segments \| Utilities & Power
Disaggregation of Revenue [Line Items]
Sales									199.6	171	227.3
Professional Instrumentation \| Operating Segments \| Medical (a)
Disaggregation of Revenue [Line Items]
Sales									927.4	386.3	228.9
Professional Instrumentation \| Operating Segments \| Other
Disaggregation of Revenue [Line Items]
Sales									1,312.5	1,074.9	965.3
Professional Instrumentation \| Operating Segments \| Total direct sales
Disaggregation of Revenue [Line Items]
Sales									2,830.3	2,016.7	1,687.3
Professional Instrumentation \| Operating Segments \| Distributors
Disaggregation of Revenue [Line Items]
Sales									1,597.5	1,638.4	1,451.8
Professional Instrumentation \| Operating Segments \| Products
Disaggregation of Revenue [Line Items]
Sales									3,792.8	3,215.2	2,813.2
Professional Instrumentation \| Operating Segments \| Services
Disaggregation of Revenue [Line Items]
Sales									635	439.9	325.9
Professional Instrumentation \| Operating Segments \| Professional tools and equipment
Disaggregation of Revenue [Line Items]
Sales									2,880.8	2,663.1	2,338.7
Professional Instrumentation \| Operating Segments \| Industrial automation, controls and sensors
Disaggregation of Revenue [Line Items]
Sales									370.5	381.4	368.3
Professional Instrumentation \| Operating Segments \| Franchise distribution
Disaggregation of Revenue [Line Items]
Sales									0	0	0
Professional Instrumentation \| Operating Segments \| Medical technologies
Disaggregation of Revenue [Line Items]
Sales									927.4	386.3	228.9
Professional Instrumentation \| Operating Segments \| All other
Disaggregation of Revenue [Line Items]
Sales									249.1	224.3	203.2
Industrial Technologies \| Operating Segments
Disaggregation of Revenue [Line Items]
Sales									2,892.2	2,797.6	2,617
Industrial Technologies \| Operating Segments \| Retail fueling
Disaggregation of Revenue [Line Items]
Sales									1,903.6	1,777.5	1,637.8
Industrial Technologies \| Operating Segments \| Industrial & Manufacturing
Disaggregation of Revenue [Line Items]
Sales									57.3	60.6	49.1
Industrial Technologies \| Operating Segments \| Vehicle repair
Disaggregation of Revenue [Line Items]
Sales									574.7	581.5	569.3
Industrial Technologies \| Operating Segments \| Utilities & Power
Disaggregation of Revenue [Line Items]
Sales									0	1.3	0.9
Industrial Technologies \| Operating Segments \| Medical (a)
Disaggregation of Revenue [Line Items]
Sales									6.8	7.4	5
Industrial Technologies \| Operating Segments \| Other
Disaggregation of Revenue [Line Items]
Sales									274.4	304.4	296
Industrial Technologies \| Operating Segments \| Total direct sales
Disaggregation of Revenue [Line Items]
Sales									2,816.8	2,732.7	2,558.1
Industrial Technologies \| Operating Segments \| Distributors
Disaggregation of Revenue [Line Items]
Sales									75.4	64.9	58.9
Industrial Technologies \| Operating Segments \| Products
Disaggregation of Revenue [Line Items]
Sales									2,604.1	2,539.8	2,360.1
Industrial Technologies \| Operating Segments \| Services
Disaggregation of Revenue [Line Items]
Sales									288.1	257.8	256.9
Industrial Technologies \| Operating Segments \| Professional tools and equipment
Disaggregation of Revenue [Line Items]
Sales									2,133.9	2,027.6	1,872.6
Industrial Technologies \| Operating Segments \| Industrial automation, controls and sensors
Disaggregation of Revenue [Line Items]
Sales									113.6	122.6	113.2
Industrial Technologies \| Operating Segments \| Franchise distribution
Disaggregation of Revenue [Line Items]
Sales									637.9	640	626.2
Industrial Technologies \| Operating Segments \| Medical technologies
Disaggregation of Revenue [Line Items]
Sales									6.8	7.4	5
Industrial Technologies \| Operating Segments \| All other
Disaggregation of Revenue [Line Items]
Sales									0	0	0
United States
Disaggregation of Revenue [Line Items]
Sales									4,206.5	3,539.6	3,148.7
United States \| Professional Instrumentation \| Operating Segments
Disaggregation of Revenue [Line Items]
Sales									2,354.9	1,829.6	1,486
United States \| Industrial Technologies \| Operating Segments
Disaggregation of Revenue [Line Items]
Sales									1,851.6	1,710	1,662.7
China
Disaggregation of Revenue [Line Items]
Sales									592	569	498.4
China \| Professional Instrumentation \| Operating Segments
Disaggregation of Revenue [Line Items]
Sales									487.3	459.5	416.7
China \| Industrial Technologies \| Operating Segments
Disaggregation of Revenue [Line Items]
Sales									104.7	109.5	81.7
All other (each country individually less than 5% of total sales)
Disaggregation of Revenue [Line Items]
Sales									2,521.5	2,344.1	2,109
All other (each country individually less than 5% of total sales) \| Professional Instrumentation \| Operating Segments
Disaggregation of Revenue [Line Items]
Sales									1,585.6	1,366	1,236.4
All other (each country individually less than 5% of total sales) \| Industrial Technologies \| Operating Segments
Disaggregation of Revenue [Line Items]
Sales									$ 935.9	$ 978.1	$ 872.6

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	12 Months Ended			24 Months Ended
Income Taxes - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2016
Valuation Allowance [Line Items]
Net favorable adjustment		$ 13	$ 70	$ 83
One-time TCJA Transition Tax, additional expense		1	135
Additional tax benefit for deferred tax revaluation		14	205
Income taxes paid	$ 145	89	196
Net deferred tax liabilities	714.7	523.4		523.4
Valuation allowance	58.4	40.3		40.3
Valuation allowance increase	18	14
Operating loss carryforwards	886
Operating loss carryforward tax benefit	130
Operating loss carryforwards tax benefit valuation allowance	42
Tax credit carryforward	41
Unrecognized tax benefits, gross	214.9	133.4	$ 59	133.4	$ 28.6
Unrecognized tax benefits, net	231	144		144
Income tax interest and penalties	23	16		16
Indirect tax benefits	7	5		5
Potential income tax interest and penalties	8	4
Foreign earnings repatriated		275
Foreign earnings liability		0		0
Foreign earnings reinvested indefinitely	2,400
Domestic Tax Authority
Valuation Allowance [Line Items]
Net deferred tax liabilities	659	559		559
Valuation allowance	22	13		13
Operating loss carryforwards	225
State and Local Jurisdiction
Valuation Allowance [Line Items]
Operating loss carryforwards	347
Foreign Tax Authority
Valuation Allowance [Line Items]
Net deferred tax liabilities	56
Valuation allowance	36	27		27
Net deferred tax assets		$ 36		$ 36
Operating loss carryforwards	314
Separation Related
Valuation Allowance [Line Items]
Valuation allowance for tax credit carryforward	$ 13

Income Taxes - Earnings Before

Income Taxes - Earnings Before Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
United States	$ 572.4	$ 687.7	$ 679.6
International	302.1	390.7	394
Earnings from continuing operations before income taxes	$ 874.5	$ 1,078.4	$ 1,073.6

Income Taxes - Current and Defe

Income Taxes - Current and Deferred Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Current:
Federal U.S.	$ 38.9	$ 48.3	$ 170
Non-U.S.	84.6	96.3	69.8
State and local	11.7	7.8	10.5
Deferred:
Federal U.S.	43	27.3	(62)
Non-U.S.	(21.1)	(19.6)	(1.7)
State and local	(8)	0	2.7
Income tax provision	$ 149.1	$ 160.1	$ 189.3

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Rate (Details)	12 Months Ended
Income Taxes - Effective Income Tax Rate (Details)	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Statutory federal income tax rate	21.00%	21.00%	35.00%
Increase (decrease) in tax rate resulting from:
State income taxes (net of federal income tax benefit)	(0.30%)	1.00%	0.70%
Foreign income taxed at different rates than U.S. statutory rate	(0.70%)	0.80%	(5.30%)
U.S. federal permanent differences related to the TCJA	(6.20%)	(4.80%)	(2.90%)
Compensation related	(1.00%)	(1.50%)	(1.70%)
Other	0.50%	(0.50%)	(1.60%)
Effective income tax rate before adjustments related to the 2017 TCJA provisional estimates	13.30%	16.00%	24.20%
Deferred tax revaluation	0.00%	(1.30%)	(19.20%)
Transition tax	0.00%	0.10%	12.60%
Vontier transaction tax costs	3.70%	0.00%	0.00%
Total Vontier transaction tax costs and adjustments to 2017 TCJA provisional estimates	3.70%	(1.20%)	(6.60%)
Effective income tax rate after adjustments related to the Vontier transaction tax costs and 2017 TCJA provisional estimates	17.00%	14.80%	17.60%

Income Taxes - Deferred Assets

Income Taxes - Deferred Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Deferred Tax Assets:
Allowance for doubtful accounts	$ 16.7	$ 17.4
Operating lease liabilities	44.4
Inventories	16.6	17.9
Pension benefits	30.3	27.3
Environmental and regulatory compliance	10.4	10.1
Other accruals and prepayments	35.2	50.5
Deferred service income	15.1	7.1
Warranty services	16	19.7
Stock-based compensation expense	27.8	14.2
Tax credit and loss carryforwards	171.4	131.4
Valuation allowances	(58.4)	(40.3)
Total deferred tax assets	325.5	255.3
Deferred Tax Liabilities:
Property, plant and equipment	(47.3)	(11.7)
Operating lease right-of-use assets	(43.7)
Insurance, including self-insurance	(200.5)	(155.2)
Goodwill and other intangibles	(722)	(597.1)
Other	(26.7)	(14.7)
Total deferred tax liabilities	(1,040.2)	(778.7)
Net deferred tax liability	$ (714.7)	$ (523.4)

Income Taxes - Unrecognized Tax

Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefits, beginning of year		$ 133.4	$ 59	$ 28.6
Additions based on tax positions related to the current year		17.8	40.8	25.3
Additions for tax positions of prior years		79.7	39	7.8
Reductions for tax positions of prior years		(13)	(3.8)	(1.9)
Lapse of statute of limitations		(2.3)	(3.5)	(3.3)
Settlements		(0.3)	(6.4)	(0.6)
Effect of foreign currency translation		(0.4)	(0.9)
Effect of foreign currency translation				1.9
Separation related adjustments	[1]	0	9.2	1.2
Unrecognized tax benefits, end of year		$ 214.9	$ 133.4	$ 59

[1]	(a) Unrecognized tax benefit reserves increased by $9 million and $1 million during the year ended December 31, 2018 and December 31, 2017, respectively, due primarily to unrecognized tax benefits from pre-Separation periods.

Restructuring and Other Relat_3

Restructuring and Other Related Charges - Restructuring and Related Activities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 56.6	$ 7	$ 18.6
Impairment charges	0	1.1	2.3
Employee severance related
Restructuring Cost and Reserve [Line Items]
Restructuring charges	53	5	13.8
Facility exit and other related
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 3.6	$ 0.9	$ 2.5

Restructuring and Other Relat_4

Restructuring and Other Related Charges - Restructuring and Other Related Charges by Segment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 56.6	$ 7	$ 18.6
Operating Segments \| Professional Instrumentation
Restructuring Cost and Reserve [Line Items]
Restructuring charges	47.8	4.5	12.8
Operating Segments \| Industrial Technologies
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 8.8	$ 2.5	$ 5.8

Restructuring and Other Relat_5

Restructuring and Other Related Charges - Accrual Balance and Utilization by Type of Restructuring Cost (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Restructuring Reserve [Roll Forward]
Beginning Balance	$ 5.4	$ 10.3
Restructuring charges	56.6	7	$ 18.6
Paid/ Settled	(24.7)	(11.9)
Ending Balance	37.3	5.4	10.3
Employee severance related
Restructuring Reserve [Roll Forward]
Beginning Balance	4.9	9.5
Restructuring charges	53	5	13.8
Paid/ Settled	(21)	(9.6)
Ending Balance	36.9	4.9	9.5
Facility exit and other related
Restructuring Reserve [Roll Forward]
Beginning Balance	0.5	0.8
Restructuring charges	3.6	2
Paid/ Settled	(3.7)	(2.3)
Ending Balance	$ 0.4	$ 0.5	$ 0.8

Restructuring and Other Relat_6

Restructuring and Other Related Charges - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Restructuring and Related Activities [Abstract]
Cash restructuring charges		$ 6	$ 16
Noncash restructuring charges	$ 0	$ 1.1	$ 2.3

Restructuring and Other Relat_7

Restructuring and Other Related Charges - Charges Included in Statement of Earnings (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 56.6	$ 7	$ 18.6
Cost of sales
Restructuring Cost and Reserve [Line Items]
Restructuring charges	15.8	2	2
Selling, general, and administrative expenses
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 40.8	$ 5	$ 16.6

Litigation and Contingencies (D

Litigation and Contingencies (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Reserve for environmental matters	$ 13
Guarantees	$ 121	$ 138

Stock Based Compensation - Narr

Stock Based Compensation - Narrative (Details) - USD ($) shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Jul. 02, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares)				40,000
Capital shares reserved for future issuance (in shares)	20,000
Shares withheld to satisfy tax requirement (in shares)	193
Aggregate value of shares withheld to satisfy tax requirement	$ 15
Unrecognized compensation costs, period for recognition	3 years
Accounting Standards Update 2016-09
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Reclassification of prior year pension cost	$ 13	$ 17	$ 17
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years
Expiration period	10 years
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years

Stock Based Compensation - Stoc

Stock Based Compensation - Stock Based Compensation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pretax compensation expense	$ 61.4	$ 50.8	$ 44.2
Income tax benefit	(10.8)	(10.5)	(14.4)
Total stock-based compensation expense	50.6	40.3	29.8
Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pretax compensation expense	39.5	30.5	26.9
Income tax benefit	(7.5)	(6.3)	(8.7)
Total stock-based compensation expense	32	24.2	18.2
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pretax compensation expense	21.9	20.3	17.3
Income tax benefit	(3.3)	(4.2)	(5.7)
Total stock-based compensation expense	$ 18.6	$ 16.1	$ 11.6

Stock Based Compensation - Unre

Stock Based Compensation - Unrecognized Compensation Cost (Details) $ in Millions	Dec. 31, 2019USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 116.6
Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	61.2
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 55.4

Stock Based Compensation - Assu

Stock Based Compensation - Assumptions Used (Details) - Stock Options - $ / shares		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Volatility	[1]	19.90%	18.80%	20.90%
Dividend yield	[2]	0.40%	0.40%	0.50%
Weighted average fair value at date of grant (usd per share)		$ 19.38	$ 18.67	$ 13.43
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate		1.43%	2.71%	1.90%
Expected years until exercise		5 years 6 months	5 years 6 months	5 years 6 months
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate		2.60%	2.96%	2.26%
Expected years until exercise		8 years	8 years	8 years

[1]	Beginning August 2018, expected volatility was based on a weighted average blend of the company’s historical stock price volatility from July 2, 2016 (the date of Separation) through the stock option grant date and the average historical stock price volatility of a group of peer companies for the expected term of the options. The weighted average volatility from July 2, 2016 to July 2018 was estimated based on an average historical stock price volatility of a group of peer companies given our limited trading history.
[2]	The dividend yield is calculated by dividing our annual dividend, based on the most recent quarterly dividend rate, by Fortive’s closing stock price on the grant date.

Stock Based Compensation - St_2

Stock Based Compensation - Stock Option Activity (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options outstanding, beginning of period (in shares)		9.7	9.7	9.4
Options granted (in shares)		2.2	1.7	1.7
Options exercised (in shares)		(1.2)	(1.4)	(1)
Options canceled/forfeited (in shares)		(0.5)	(0.3)	(0.4)
Options outstanding, end of period (in shares)		10.2	9.7	9.7
Options vested and expected to vest (in shares)	[1]	10
Options vested (in shares)		4.8
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Options outstanding, beginning of period (in dollars per share)		$ 46.25	$ 38.09	$ 33.23
Options granted (in dollars per share)		79.61	76.67	58.07
Options exercised (in dollars per share)		33.84	28.99	24.77
Options canceled/forfeited (in dollars per share)		66.16	54.13	45.12
Options outstanding, end of period (in dollars per share)		53.64	$ 46.25	$ 38.09
Options vested and expected to vest (in dollars per share)	[1]	53.12
Options vested (in dollars per share)		$ 38.14
Weighted average remaining contractual term, outstanding		6 years 2 months 12 days
Weighted average remaining contractual term, vested and expected to vest	[1]	6 years 1 month 6 days
Weighted average remaining contractual term, vested		4 years 2 months 12 days
Aggregate intrinsic value, outstanding		$ 242
Aggregate intrinsic value, vested and expected to vest	[1]	240.5
Aggregate intrinsic value, vested		$ 184.5

[1]	For the year ended December 31, 2017, the table excludes the stock award activity for employees of the A&S Business that was divested on October 1, 2018.

Stock Based Compensation - St_3

Stock Based Compensation - Stock Option Plans By Exercise Price Range (Details) shares in Millions	12 Months Ended
	Dec. 31, 2019$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding (in shares) \| shares	10.2
Options outstanding, average remaining life	6 years 2 months 12 days
Options exercisable (in shares) \| shares	4.8
$18.21 - $26.10
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding (in shares) \| shares	1.3
Options outstanding (in dollars per share)	$ 23.27
Options outstanding, average remaining life	1 year
Options exercisable (in shares) \| shares	1.3
Options exercisable (in dollars per share)	$ 23.27
$26.11 - $40.12
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding (in shares) \| shares	1.5
Options outstanding (in dollars per share)	$ 34.45
Options outstanding, average remaining life	4 years
Options exercisable (in shares) \| shares	1.5
Options exercisable (in dollars per share)	$ 34.45
$40.13 - $45.64
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding (in shares) \| shares	2.1
Options outstanding (in dollars per share)	$ 42.69
Options outstanding, average remaining life	6 years
Options exercisable (in shares) \| shares	1.2
Options exercisable (in dollars per share)	$ 42.74
$45.65 - $54.12
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding (in shares) \| shares	0.4
Options outstanding (in dollars per share)	$ 49.83
Options outstanding, average remaining life	7 years
Options exercisable (in shares) \| shares	0.2
Options exercisable (in dollars per share)	$ 50.06
$54.13 - $76.05
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding (in shares) \| shares	2
Options outstanding (in dollars per share)	$ 63.23
Options outstanding, average remaining life	8 years
Options exercisable (in shares) \| shares	0.4
Options exercisable (in dollars per share)	$ 61.74
$76.06 - $86.03
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding (in shares) \| shares	2.9
Options outstanding (in dollars per share)	$ 79.47
Options outstanding, average remaining life	9 years
Options exercisable (in shares) \| shares	0.2
Options exercisable (in dollars per share)	$ 76.97
Minimum \| $18.21 - $26.10
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price range, minimum (in dollars per share)	18.21
Minimum \| $26.11 - $40.12
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price range, minimum (in dollars per share)	26.11
Minimum \| $40.13 - $45.64
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price range, minimum (in dollars per share)	40.13
Minimum \| $45.65 - $54.12
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price range, minimum (in dollars per share)	45.65
Minimum \| $54.13 - $76.05
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price range, minimum (in dollars per share)	54.13
Minimum \| $76.06 - $86.03
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price range, minimum (in dollars per share)	76.06
Maximum \| $18.21 - $26.10
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price range, maximum (in dollars per share)	26.10
Maximum \| $26.11 - $40.12
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price range, maximum (in dollars per share)	40.12
Maximum \| $40.13 - $45.64
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price range, maximum (in dollars per share)	45.64
Maximum \| $45.65 - $54.12
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price range, maximum (in dollars per share)	54.12
Maximum \| $54.13 - $76.05
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price range, maximum (in dollars per share)	76.05
Maximum \| $76.06 - $86.03
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price range, maximum (in dollars per share)	$ 86.03

Stock Based Compensation - St_4

Stock Based Compensation - Stock Option Exercise Activity Under Stock Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Payment Arrangement [Abstract]
Aggregate intrinsic value of stock options exercised	$ 52.5	$ 68.7	$ 42.3
Cash receipts from stock options exercised	$ 40	$ 39.3	$ 26

Stock Based Compensation - St_5

Stock Based Compensation - Stock Award Activity (Details) - Stock Compensation Plan - $ / shares shares in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Unvested units, beginning of period (in shares)	1.8	1.9	2.1
Units granted (in shares)	0.9	0.6	0.5
Units vested (in shares)	(0.5)	(0.6)	(0.6)
Units forfeited (in shares)	(0.2)	(0.1)	(0.1)
Unvested units, end of period (in shares)	2	1.8	1.9
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Unvested units, beginning of period (in dollars per share)	$ 57.63	$ 45.92	$ 39.20
Units granted (in dollars per share)	80.44	77.78	57.79
Units exercised (in dollars per share)	48.90	41.28	35.96
Units canceled/forfeited (in dollars per share)	66.64	53.23	43.94
Unvested units, end of period (in dollars per share)	$ 69.37	$ 57.63	$ 45.92

Capital Stock and Earnings Pe_3

Capital Stock and Earnings Per Share - Narrative (Details) $ / shares in Units, $ in Millions	Jan. 28, 2020$ / shares	Jun. 29, 2018USD ($)day$ / sharesshares	Dec. 31, 2019USD ($)vote$ / sharesshares	Dec. 31, 2018USD ($)$ / sharesshares	Jul. 01, 2021shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common stock authorized (in shares)			2,000,000,000	2,000,000,000
Common stock authorized (in dollars per shares) \| $ / shares			$ 0.01	$ 0.01
Preferred stock authorized (in shares)			15,000,000	15,000,000
Preferred stock authorized (in dollars per shares) \| $ / shares		$ 0.01	$ 0.01	$ 0.01
Number of votes per share \| vote			1
Preferred stock issued (in shares)		1,380,000	1,400,000	1,400,000
Preferred stock rate		5.00%	5.00%	5.00%
Liquidation preference on preferred stock (in dollars per share) \| $ / shares		$ 1,000	$ 1,000
Proceeds from issuance of MCPS \| $		$ 1,340
Payments of stock issuance costs \| $				$ 43
MCPS excluded from diluted EPS calculation (in shares)			3,000,000
5% Mandatory convertible preferred stock, Series A, par value $0.01 per share
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Payments of stock issuance costs \| $			$ 43
Trading day period for conversion of preferred stock \| day		20
Annual liquidation preference per share (in dollars per share) \| $ / shares			$ 50
MCPS excluded from diluted EPS calculation (in shares)			18,300,000	18,400,000
5% Mandatory convertible preferred stock, Series A, par value $0.01 per share \| Minimum \| Scenario, Forecast
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Preferred stock conversion rate					10.9041
5% Mandatory convertible preferred stock, Series A, par value $0.01 per share \| Maximum \| Scenario, Forecast
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Preferred stock conversion rate					13.3575
Over-Allotment Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Preferred stock issued (in shares)		180,000
Subsequent Event
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Quarterly dividend declared on common stock (in dollars per share) \| $ / shares	$ 0.07
Subsequent Event \| 5% Mandatory convertible preferred stock, Series A, par value $0.01 per share
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Quarterly dividend declared on preferred stock (in dollars per share) \| $ / shares	$ 12.50

Capital Stock and Earnings Pe_4

Capital Stock and Earnings Per Share - Cash Dividends per Common and Preferred Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 27, 2019	Jun. 28, 2019	Mar. 29, 2019	Dec. 31, 2018	Sep. 28, 2018	Jun. 29, 2018	Mar. 30, 2018	Dec. 31, 2019	Dec. 31, 2018
Earnings Per Share [Abstract]
Quarterly dividend (in dollars per share)	$ 0.07	$ 0.07	$ 0.07	$ 0.07	$ 0.07	$ 0.07	$ 0.07	$ 0.07	$ 0.28	$ 0.28
Common Stock, Amount ($ in millions)	$ 23.5	$ 23.5	$ 23.4	$ 23.4	$ 23.4	$ 24.5	$ 24.4	$ 24.3	$ 93.8	$ 96.6
Dividend Per Preferred Share (in dollars per share)	$ 12.50	$ 12.50	$ 12.50	$ 12.50	$ 12.50	$ 12.78			$ 50	$ 25.28
Preferred Stock, Amount ($ in millions)	$ 17.2	$ 17.3	$ 17.2	$ 17.3	$ 17.3	$ 17.6			$ 69	$ 34.9

Capital Stock and Earnings Pe_5

Capital Stock and Earnings Per Share - Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 27, 2019	Jun. 28, 2019	Mar. 29, 2019	Dec. 31, 2018	Sep. 28, 2018	Jun. 29, 2018	Mar. 30, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Numerator
Net earnings from continuing operations									$ 725.4	$ 918.3	$ 884.3
Mandatory convertible preferred stock cumulative dividends									(69)	(34.9)	0
Net earnings attributable to common stockholders from continuing operations									$ 656.4	$ 883.4	$ 884.3
Denominator
Weighted average common shares outstanding used in basic earnings per share (in shares)									335.8	345.5	347.5
Assumed exercise of dilutive options and vesting of dilutive Stock Awards (in shares)									4.2	5.2	5.1
Weighted average common shares outstanding used in diluted earnings per share (in shares)									340	350.7	352.6
Net earnings per share from continuing operations, Basic (in dollars per share)	$ 0.48	$ 0.57	$ 0.47	$ 0.44	$ 0.67	$ 0.56	$ 0.72	$ 0.61	$ 1.95	$ 2.56	$ 2.54
Net earnings per share from continuing operations, Diluted (in dollars per share)	$ 0.48	$ 0.56	$ 0.47	$ 0.43	$ 0.66	$ 0.55	$ 0.70	$ 0.61	$ 1.93	$ 2.52	$ 2.51

Segment Information - Detailed

Segment Information - Detailed Segment Data (Details) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019USD ($)	Sep. 27, 2019USD ($)	Jun. 28, 2019USD ($)	Mar. 29, 2019USD ($)	Dec. 31, 2018USD ($)	Sep. 28, 2018USD ($)	Jun. 29, 2018USD ($)	Mar. 30, 2018USD ($)	Dec. 31, 2019USD ($)segment	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Segment Reporting [Abstract]
Number of operating segments \| segment									2
Segment Reporting Information [Line Items]
Sales	$ 2,002.4	$ 1,860	$ 1,864.7	$ 1,592.9	$ 1,757.5	$ 1,601.2	$ 1,601.8	$ 1,492.2	$ 7,320	$ 6,452.7	$ 5,756.1
Operating profit	295.2	$ 242.1	$ 249.5	$ 217.3	294.5	$ 281.6	$ 324.4	$ 277.9	1,004.1	1,178.4	1,143
Identifiable assets	17,439				12,905.6				17,439	12,905.6	10,500.6
Depreciation and amortization									426.2	260.8	158.3
Capital expenditures, gross									112.5	112.3	111.1
Discontinued Operations
Segment Reporting Information [Line Items]
Identifiable assets	3.2				30				3.2	30	871
Operating Segments
Segment Reporting Information [Line Items]
Identifiable assets	15,955.7				11,603.8				15,955.7	11,603.8	8,490.8
Operating Segments \| Professional Instrumentation
Segment Reporting Information [Line Items]
Sales									4,427.8	3,655.1	3,139.1
Operating profit									547.9	744.6	712.9
Identifiable assets	13,005.5				8,592.6				13,005.5	8,592.6	5,588.1
Depreciation and amortization									337.5	168.7	82
Capital expenditures, gross									65	58.4	37
Operating Segments \| Industrial Technologies
Segment Reporting Information [Line Items]
Sales									2,892.2	2,797.6	2,617
Operating profit									553.9	525.6	503.6
Identifiable assets	2,950.2				3,011.2				2,950.2	3,011.2	2,902.7
Depreciation and amortization									87	88.7	70.3
Capital expenditures, gross									40.7	44.8	71.8
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Operating profit									(97.7)	(91.8)	(73.5)
Identifiable assets	$ 1,480.1				$ 1,271.8				1,480.1	1,271.8	1,138.8
Depreciation and amortization									1.7	3.4	6
Capital expenditures, gross									$ 6.8	$ 9.1	$ 2.3

Segment Information - Operation

Segment Information - Operations in Geographical Areas (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 27, 2019	Jun. 28, 2019	Mar. 29, 2019	Dec. 31, 2018	Sep. 28, 2018	Jun. 29, 2018	Mar. 30, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues from External Customers and Property, Plant and Equipment, Net [Line Items]
Sales	$ 2,002.4	$ 1,860	$ 1,864.7	$ 1,592.9	$ 1,757.5	$ 1,601.2	$ 1,601.8	$ 1,492.2	$ 7,320	$ 6,452.7	$ 5,756.1
Property, plant and equipment, net	519.5				576.1				519.5	576.1	610.4
United States
Revenues from External Customers and Property, Plant and Equipment, Net [Line Items]
Sales									4,206.5	3,539.6	3,148.7
Property, plant and equipment, net	414.8				464.9				414.8	464.9	483
China
Revenues from External Customers and Property, Plant and Equipment, Net [Line Items]
Sales									592	569	498.4
All other (each country individually less than 5% of total sales)
Revenues from External Customers and Property, Plant and Equipment, Net [Line Items]
Sales									2,521.5	2,344.1	2,109
All other (each country individually less than 5% of total property, plant and equipment, net)
Revenues from External Customers and Property, Plant and Equipment, Net [Line Items]
Property, plant and equipment, net	$ 104.7				$ 111.2				$ 104.7	$ 111.2	$ 127.4

Related-Party Transactions Wi_2

Related-Party Transactions With Danaher (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Related Party Transactions [Abstract]
Revenue from related parties	$ 12	$ 16	$ 16
Purchases from related party	$ 13	$ 14	$ 13

Quarterly Data - Unaudited (Det

Quarterly Data - Unaudited (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 27, 2019	Jun. 28, 2019	Mar. 29, 2019	Dec. 31, 2018	Sep. 28, 2018	Jun. 29, 2018	Mar. 30, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Quarterly Data [Abstract]
Sales	$ 2,002.4	$ 1,860	$ 1,864.7	$ 1,592.9	$ 1,757.5	$ 1,601.2	$ 1,601.8	$ 1,492.2	$ 7,320	$ 6,452.7	$ 5,756.1
Gross profit	1,035.9	927.7	904	812.7	898.3	825.9	830.8	766.3	3,680.3	3,321.3	2,921.4
Operating profit	295.2	242.1	249.5	217.3	294.5	281.6	324.4	277.9	1,004.1	1,178.4	1,143
Earnings from continuing operations, net of income taxes	178.8	207.3	175.3	164	240.1	214	250.2	214	725.4	918.3	884.3
Earnings (loss) from discontinued operations, net of income taxes	14	(0.2)	(0.7)	0.4	1,872.2	31.3	44.8	47.2	13.5	1,995.5	160.2
Net earnings	$ 192.8	$ 207.1	$ 174.6	$ 164.4	$ 2,112.3	$ 245.3	$ 295	$ 261.2	$ 738.9	$ 2,913.8	$ 1,044.5
Net earnings per common share:
Net earnings per share from continuing operations, Basic (in dollars per share)	$ 0.48	$ 0.57	$ 0.47	$ 0.44	$ 0.67	$ 0.56	$ 0.72	$ 0.61	$ 1.95	$ 2.56	$ 2.54
Net earnings per share from discontinued operations, Basic (in dollars per share)	0.04	0	0	0	5.60	0.09	0.13	0.14	0.04	5.78	0.46
Net earnings per share, Basic (in dollars per share)	0.52	0.56	0.47	0.44	6.26	0.65	0.84	0.75	1.99	8.33	3.01
Net earnings per share from continuing operations, Diluted (in dollars per share)	0.48	0.56	0.47	0.43	0.66	0.55	0.70	0.61	1.93	2.52	2.51
Net earnings per share from discontinued operations, Diluted (in dollars per share)	0.04	0	0	0	5.52	0.09	0.13	0.13	0.04	5.69	0.45
Net earnings per share, Diluted (in dollars per share)	$ 0.52	$ 0.56	$ 0.46	$ 0.43	$ 6.17	$ 0.64	$ 0.83	$ 0.74	$ 1.97	$ 8.21	$ 2.96

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Details) - SEC Schedule, 12-09, Allowance, Credit Loss - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Beginning balance	[1]	$ 78.5	$ 66.5	$ 80.7
Charged to Costs & Expenses		63.7	48.5	37.5
Impact of Currency		(0.3)	(0.8)	1
Charged to Other Accounts	[2]	1.5	2.5	2.1
Write Offs, Write Downs & Deductions		(61.3)	(38.2)	(54.8)
Ending balance	[1]	$ 82.1	$ 78.5	$ 66.5

[1]	Amounts include allowance for doubtful accounts classified as current and noncurrent.
[2]	Amounts are related to businesses acquired.

Uncategorized Items - a20191231

Label	Element	Value
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (3,900,000)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	1,346,400,000
Additional Paid-in Capital [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	$ 2,444,100,000
Preferred Stock [Member]
Shares, Outstanding	us-gaap_SharesOutstanding	0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	$ 0
AOCI Attributable to Parent [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	(7,600,000)
Noncontrolling Interest [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	$ 17,900,000
Common Stock [Member]
Shares, Outstanding	us-gaap_SharesOutstanding	347,800,000
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	$ 3,500,000