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	30.0
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	3,845.0	2,476.3
Total assets	17,439.0	12,905.6
Current liabilities:
Current portion of long-term debt	1,500.0	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	0.0	30.7
Total current liabilities	3,467.2	2,192.1
Operating lease liabilities	159.0
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	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	3,126.0
Retained earnings	4,128.8	3,552.7
Accumulated other comprehensive income (loss)	(56.3)	(86.6)
Total Fortive stockholders’ equity	7,387.0	6,595.5
Noncontrolling interests	13.2	17.4
Total stockholders’ equity	7,400.2	6,612.9
Total liabilities and equity	$ 17,439.0	$ 12,905.6