Vontier Corp 10-Q

Financial Statements (unaudited)

ITEM 1. FINANCIAL STATEMENTS VONTIER CORPORATION AND SUBSIDIARIES CONSOLIDATED CONDENSED BALANCE SHEETS (in millions, except per share amounts) July 3, 2026 December 31, 2025 (unaudited) ASSETS Current assets: Cash and cash equivalents $ 265.8 $ 492.2 Accounts receivable, less allowance for credit losses of $ 30.3 million and $ 33.6 million as of July 3, 2026 and December 31, 2025, respectively 559.7 527.4 Inventories 323.0 326.5 Prepaid expenses and other current assets 131.2 145.7 Total current assets 1,279.7 1,491.8 Property, plant and equipment, net 144.3 129.5 Operating lease right-of-use assets 27.2 34.4 Long-term financing receivables, less allowance for credit losses of $ 30.6 million and $ 31.7 million as of July 3, 2026 and December 31, 2025, respectively 280.0 285.0 Other intangible assets, net 327.9 412.4 Goodwill 1,651.9 1,757.6 Other assets 320.0 258.1 Total assets $ 4,031.0 $ 4,368.8 LIABILITIES AND EQUITY Current liabilities: Short-term borrowings and current portion of long-term debt $ 304.8 $ 502.2 Trade accounts payable 356.4 361.6 Current operating lease liabilities 11.8 14.3 Accrued expenses and other current liabilities 348.8 410.4 Total current liabilities 1,021.8 1,288.5 Long-term operating lease liabilities 19.3 24.8 Long-term debt 1,595.2 1,594.2 Other long-term liabilities 195.2 210.1 Total liabilities 2,831.5 3,117.6 Commitments and Contingencies (Note 9) Equity: Preferred stock, 15.0 million shares authorized; no par value; no shares issued and outstanding — — Common stock, 2.0 billion shares authorized; $ 0.0001 par value; 173.5 million and 173.0 million shares issued, and 136.5 million and 142.2 million outstanding as of July 3, 2026 and December 31, 2025, respectively — — Treasury stock, at cost, 37.0 million and 30.8 million shares as of July 3, 2026 and December 31, 2025, respectively ( 1,131.6 ) ( 929.8 ) Additional paid-in capital 120.3 111.7 Retained earnings 2,045.1 1,930.5 Accumulated other comprehensive income 158.9 131.8 Total Vontier stockholders’ equity 1,192.7 1,244.2 Noncontrolling interests 6.8 7.0 Total equity 1,199.5 1,251.2 Total liabilities and equity $ 4,031.0 $ 4,368.8 See the accompanying Notes to the Consolidated Condensed Financial Statements. 3 VONTIER CORPORATION AND SUBSIDIARIES CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME (in millions, except per share amounts) (unaudited) T