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Item 16. FORM 10-K SUMMARY

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Item 16. FORM 10-K SUMMARY

Not applicable.

FORTIVE CORPORATION

INDEX TO FINANCIAL STATEMENTS, SUPPLEMENTARY DATA AND FINANCIAL STATEMENT SCHEDULE

Page Number in Form 10-K
Schedule:
Valuation and Qualifying Accounts102

EXHIBIT INDEX

Exhibit NumberDescription
3.1Restated Certificate of Incorporation of Fortive CorporationIncorporated by reference from Exhibit 3.1 to Fortive Corporation’s Quarterly Report on Form10-Q for the quarter ended June 28, 2024 (Commission File Number: 1-37654)
3.2Amended and Restated Bylaws of Fortive CorporationIncorporated by reference from Exhibit 3.1 to Fortive Corporation’s Current Report on Form 8-K filed on November 8, 2022 (Commission File Number: 1-37654)
4.1Description of SecuritiesIncorporated by reference from Exhibit 4.2 to Fortive Corporation’s Annual Report on Form 10-K for the year ended December 31, 2022 (Commission File Number: 1-37654)
4.2Indenture, dated as of June 20, 2016, between Fortive Corporation, as issuer, and The Bank of New York Mellon Trust Company, N.A., as trusteeIncorporated by reference from Exhibit 4.1 to Fortive Corporation’s Current Report on Form 8-K filed on June 21, 2016 (Commission File Number: 1-37654)

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4.3Indenture, dated as of February 13, 2024, between Fortive Corporation, as issuer, and The Bank of New York Mellon Trust Company, N.A., as trusteeIncorporated by reference from Exhibit 4.1 to Fortive Corporation’s Current Report on Form 8-K filed on February 13, 2024 (Commission File Number: 1-37654)
4.4Supplemental Indenture No.1, dated as of February 13, 2024, between Fortive Corporation, as issuer, and The Bank of New York Mellon Trust Company, N.A., as trusteeIncorporated by reference from Exhibit 4.2 to Fortive Corporation’s Current Report on Form 8-K filed on February 13, 2024 (Commission File Number: 1-37654)
10.1Second Amended and Restated Credit Agreement, dated as of October 18, 2022, among Fortive Corporation, Bank of America, N.A., as Administrative Agent and USD Swing Line Lender, Bank of America, N.A., London Branch, as Alternative Currency Swing Line Lender, and the lenders referred to thereinIncorporated by reference from Exhibit 10.1 to Fortive Corporation’s Current Report on Form 8-K filed on October 20, 2022 (Commission File Number: 1-37654)
10.2Term Loan Credit Agreement, dated as of December 7, 2023, among Fortive Corporation, Sumitomo Mitsui Banking Corporation, as Administrative Agent, and the lenders referred to therein.Incorporated by reference to Exhibit 10.1 to Fortive Corporation’s Current Report on Form 8-K filed on December 12, 2023 (Commission File Number: 1-37654)
10.3Fortive Corporation 2016 Stock Incentive Plan, as amended and restated*Incorporated by reference from Exhibit 10.15 to Fortive Corporation’s Annual Report on Form 10-K for the year ended December 31, 2020 (Commission File Number: 1-37654)
10.4Form of Fortive Corporation Performance Stock Unit Agreement*Incorporated by reference from Exhibit 10.1 to Fortive Corporation’s Quarterly Report on Form 10-Q for the year ended April 1, 2022 (Commission File Number: 1-37654)
10.5Form of Fortive Corporation Non-Employee Directors Restricted Stock Unit Agreement*Incorporated by reference from Exhibit 10.1 to Fortive Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 28, 2024 (Commission File Number: 1-37654)
10.6Form of Fortive Corporation Non-Employee Directors Deferred Compensation Restricted Stock Unit Agreement*Incorporated by reference from Exhibit 10.2 to Fortive Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 28, 2024 (Commission File Number: 1-37654)
10.7Form of Fortive Corporation Restricted Stock Unit Agreement*Incorporated by reference from Exhibit 10.11 to Fortive Corporation’s Annual Report on Form 10-K for the year ended December 31, 2017 (Commission File Number: 1-37654)
10.8Form of Fortive Corporation Non-Employee Directors Stock Option Agreement*Incorporated by reference from Exhibit 10.12 to Fortive Corporation’s Annual Report on Form 10-K for the year ended December 31, 2017 (Commission File Number: 1-37654)
10.9Form of Fortive Corporation Stock Option Agreement*Incorporated by reference from Exhibit 10.13 to Fortive Corporation’s Annual Report on Form 10-K for the year ended December 31, 2017 (Commission File Number: 1-37654)

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10.10Fortive Corporation Amended and Restated 2016 Executive Incentive Compensation Plan*Incorporated by reference from Exhibit 10.18 to Fortive Corporation’s Annual Report on Form 10-K for the year ended December 31, 2018 (Commission File Number: 1-37654)
10.11Fortive Corporation Severance and Change in Control Plan for Officers*Incorporated by reference from Exhibit 10.1 to Fortive Corporation’s Current Report on Form 8-K, filed on March 31, 2017 (Commission File Number: 1-37654)
10.12Fortive Executive Deferred Incentive Program*Incorporated by reference from Exhibit 10.10 to Fortive Corporation’s Current Report on Form 8-K filed on June 1, 2016 (Commission File Number: 1-37654)
10.13Form of D&O Indemnification Agreement*Incorporated by reference from Exhibit 10.10 to Amendment No. 2 to Fortive Corporation’s Registration Statement on Form 10, filed on April 7, 2016 (Commission File Number: 1-37654)
10.14Aircraft Time Sharing Agreement, dated July 18, 2016, between Fortive Corporation and James Lico*Incorporated by reference from Exhibit 10.18 to Fortive Corporation’s Annual Report on Form 10-K for the year ended December 31, 2017 (Commission File Number: 1-37654)
10.15Aircraft Time Sharing Agreement, dated July 18, 2016, between Fortive Corporation and Charles McLaughlin*Incorporated by reference from Exhibit 10.19 to Fortive Corporation’s Annual Report on Form 10-K for the year ended December 31, 2017 (Commission File Number: 1-37654)
10.16Description of Compensation Arrangements for Non-management Directors*Incorporated by reference from Exhibit 10.16 to Fortive Corporation’s Annual Report on Form 10-K for the year ended December 31, 2023 (Commission File Number: 1-37654)
10.17Fortive Corporation Amended and Restated Non-Employee Directors’ Deferred Compensation Plan*Incorporated by reference from Exhibit 10.1 to Fortive Corporation’s Quarterly Report on Form 10-Q for the quarter ended September 27, 2024 (Commission File Number: 1-37654)
10.18Fortive Corporation Amended and Restated Non-Employee Directors’ Deferred Compensation Plan Election Form*Incorporated by reference from Exhibit 10.2 to Fortive Corporation’s Quarterly Report on Form 10-Q for the quarter ended September 27, 2024 (Commission File Number: 1-37654)
10.19Offer of Employment Letter, dated November 16, 2015, between TGA Employment Services LLC and Chuck McLaughlin*Incorporated by reference from Exhibit 10.6 to Amendment No. 1 to Fortive Corporation’s Registration Statement on Form 10, filed on March 3, 2016 (Commission File Number: 1-37654)
10.20Offer of Employment Letter, dated February 1, 2016, between TGA Employment Services LLC and Stacey Walker*Incorporated by reference from Exhibit 10.34 to Fortive Corporation’s Annual Report on Form 10-K for the year ended December 31, 2020 (Commission File Number: 1-37654)
10.21Offer Letter, dated February 24, 2025, between Fortive Corporation and Tamara Newcombe* †

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10.22Offer Letter, dated February 24, 2025, between Fortive Corporation and Olumide Soroye* †
10.23Form of Fortive Corporation and its Affiliated Entities Agreement Regarding Competition and Protection of Proprietary Interests*Incorporated by reference from Exhibit 10.23 to Fortive Corporation’s Annual Report on Form 10-K for the year ended December 31, 2022 (Commission File Number: 1-37654)
10.24Fortive Corporate Executive Officer Cash Severance Policy*Incorporated by reference from Exhibit 10.1 to Fortive Corporation’s current report on Form 8-K, filed on March 2, 2023 (Commission File No. 1-37654)
10.25Aircraft Time Sharing Agreement, dated February 23, 2025, between Fortive Corporation and Olumide Soroye* †
19.1Fortive Corporation Insider Trading Policy †
21.1Subsidiaries of Registrant †
23.1Consent of Independent Registered Public Accounting Firm †
31.1Certification of Chief Executive Officer Pursuant to Item 601(b)(31) of Regulation S-K, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 †
31.2Certification of Chief Financial Officer Pursuant to Item 601(b)(31) of Regulation S-K, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 †
32.1Certification of Chief Executive Officer, Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 †
32.2Certification of Chief Financial Officer, Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 †
97Fortive Corporation Clawback PolicyIncorporated by reference from Exhibit 97 to Fortive Corporation’s Annual Report on Form 10-K for the year ended December 31, 2023 (Commission File Number: 1-37654)
101.INSXBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document †
101.SCHInline XBRL Taxonomy Extension Schema Document †

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101.CALInline XBRL Taxonomy Extension Calculation Linkbase Document †
101.DEFInline XBRL Taxonomy Extension Definition Linkbase Document †
101.LABInline XBRL Taxonomy Extension Label Linkbase Document †
101.PREInline XBRL Taxonomy Extension Presentation Linkbase Document †
104Inline Cover page formatted as Inline XBRL and contained in Exhibit 101
*Indicates management contract or compensatory plan, contract or arrangement.
†Filed electronically herewith.

The registrant agrees to furnish to the Commission supplementally upon request a copy of (i) any instrument with respect to long-term debt not filed herewith as to which the total amount of securities authorized thereunder does not exceed 10% of the total assets of the registrant and its subsidiaries on a consolidated basis and (ii) schedules or similar attachments omitted pursuant to Item 601(a)(5) of Regulation S-K.

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SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

FORTIVE CORPORATION
Date: February 25, 2025By:/s/ JAMES A. LICO
James A. Lico
President and Chief Executive Officer

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Pursuant to the requirements of the Securities Exchange Act of 1934, this annual report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the date indicated:

Name, Title and SignatureDate
/s/ ALAN G. SPOONFebruary 25, 2025
Alan G. Spoon
Chairman of the Board
/s/ ERIC BRANDERIZFebruary 25, 2025
Eric Branderiz
Director
/s/ DANIEL L. COMASFebruary 25, 2025
Daniel L. Comas
Director
/s/ SHARMISTHA DUBEYFebruary 25, 2025
Sharmistha Dubey
Director
/s/ REJJI P. HAYESFebruary 25, 2025
Rejji P. Hayes
Director
/s/ WRIGHT LASSITER IIIFebruary 25, 2025
Wright Lassiter III
Director
/s/ JAMES A. LICOFebruary 25, 2025
James A. Lico
President, Chief Executive Officer and Director
/s/ KATE D. MITCHELLFebruary 25, 2025
Kate D. Mitchell
Director
/s/ JEANNINE P. SARGENTFebruary 25, 2025
Jeannine P. Sargent
Director
/s/ CHARLES E. MCLAUGHLINFebruary 25, 2025
Charles E. McLaughlin
Senior Vice President and Chief Financial Officer
/s/ CHRISTOPHER M. MULHALLFebruary 25, 2025
Christopher M. Mulhall
Chief Accounting Officer

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FORTIVE CORPORATION AND SUBSIDIARIES

SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS

($ in millions)

ClassificationBalance at Beginning of PeriodCharged to Costs & ExpensesImpact of CurrencyCharged to Other AccountsWrite Offs, Write Downs & DeductionsBalance at End of Period
Year Ended December 31, 2024:
Allowances deducted from asset accounts
Allowance for credit losses$39.2$4.4$(0.6)$(3.8)$(8.5)$30.7
Year Ended December 31, 2023:
Allowances deducted from asset accounts
Allowance for credit losses$43.9$5.0$0.3$0.7$(10.7)$39.2
Year Ended December 31, 2022:
Allowances deducted from asset accounts
Allowance for credit losses$39.7$14.0$(0.7)$—$(9.1)$43.9

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