XML 53 R31.htm IDEA: XBRL DOCUMENT v3.10.0.1
Business And Summary Of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
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
Customer-leased instruments
 
5 – 7 years
The classes of property, plant and equipment as of December 31 are summarized as follows ($ in millions):
 
2018
 
2017
Land and improvements
$
176.5

 
$
155.6

Buildings
1,047.8

 
1,009.5

Machinery and equipment
2,482.3

 
2,239.5

Customer-leased equipment
1,632.9

 
1,569.4

Gross property, plant and equipment
5,339.5

 
4,974.0

Less: accumulated depreciation
(2,828.3
)
 
(2,519.4
)
Property, plant and equipment, net
$
2,511.2

 
$
2,454.6
Schedule of 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. The changes in accumulated other comprehensive income (loss) by component are summarized below ($ in millions):
 
Foreign Currency Translation Adjustments
 
Pension & Postretirement Plan Benefit Adjustments
 
Unrealized Gain (Loss) on Available-For-Sale Securities Adjustments
 
Total
Balance, January 1, 2016
$
(1,797.4
)
 
$
(647.3
)
 
$
133.5

 
$
(2,311.2
)
Other comprehensive income (loss) before reclassifications:
 
 
 
 
 
 
 
(Decrease) increase
(517.3
)
 
(115.4
)
 
39.6

 
(593.1
)
Income tax impact
—

 
38.9

 
(14.8
)
 
24.1

Other comprehensive income (loss) before reclassifications, net of income taxes
(517.3
)
 
(76.5
)
 
24.8

 
(569.0
)
Amounts reclassified from accumulated other comprehensive income (loss):
 
 
 
 
 
 
 
Increase (decrease)
—

 
28.0

(a)
(223.4
)
(b)
(195.4
)
Income tax impact
—

 
(9.7
)
 
83.8

 
74.1

Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes
—

 
18.3

 
(139.6
)
 
(121.3
)
Net current period other comprehensive income (loss), net of income taxes
(517.3
)
 
(58.2
)
 
(114.8
)
 
(690.3
)
Distribution of Fortive Corporation
(83.5
)
 
63.3

(c)
—

 
(20.2
)
Balance, December 31, 2016
(2,398.2
)
 
(642.2
)
 
18.7

 
(3,021.7
)
Other comprehensive income (loss) before reclassifications:
 
 
 
 
 
 
 
Increase
976.1

 
62.4

 
41.7

 
1,080.2

Income tax impact
—

 
(13.4
)
 
(15.7
)
 
(29.1
)
Other comprehensive income (loss) before reclassifications, net of income taxes
976.1

 
49.0

 
26.0

 
1,051.1

Amounts reclassified from accumulated other comprehensive income (loss):
 
 
 
 
 
 
 
Increase (decrease)
—

 
28.7

(a)
(72.8
)
(b)
(44.1
)
Income tax impact
—

 
(6.7
)
 
27.2

 
20.5

Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes
—

 
22.0

 
(45.6
)
 
(23.6
)
Net current period other comprehensive income (loss), net of income taxes
976.1

 
71.0

 
(19.6
)
 
1,027.5

Balance, December 31, 2017
(1,422.1
)

(571.2
)

(0.9
)

(1,994.2
)
Adoption of accounting standards
(43.8
)
 
(107.2
)
 
(0.2
)
 
(151.2
)
Balance, January 1, 2018
(1,465.9
)
 
(678.4
)
 
(1.1
)
 
(2,145.4
)
Other comprehensive income (loss) before reclassifications:
 
 
 
 
 
 
 
Decrease
(632.2
)
 
(44.9
)
 
(1.1
)
 
(678.2
)
Income tax impact
—

 
9.2

 
0.3

 
9.5

Other comprehensive income (loss) before reclassifications, net of income taxes
(632.2
)
 
(35.7
)
 
(0.8
)
 
(668.7
)
Amounts reclassified from accumulated other comprehensive income (loss):
 
 
 
 
 
 
 
Increase
—

 
30.3

(a)
—


30.3

Income tax impact
—

 
(7.3
)
 
—

 
(7.3
)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes
—

 
23.0

 
—

 
23.0

Net current period other comprehensive income (loss), net of income taxes
(632.2
)
 
(12.7
)
 
(0.8
)
 
(645.7
)
Balance, December 31, 2018
$
(2,098.1
)

$
(691.1
)

$
(1.9
)

$
(2,791.1
)

(a) 
This accumulated other comprehensive income (loss) component is included in the computation of net periodic pension and postretirement cost (refer to Notes 11 and 12 for additional details).
(b) 
Included in other income in the accompanying Consolidated Statements of Earnings (refer to Note 14 for additional details).
(c) 
This accumulated other comprehensive income (loss) component included an income tax impact of $21 million.