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Consolidated Condensed Balance Sheets - USD ($) $ in Millions	Jun. 28, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 331.3	$ 340.9
Accounts receivable, less allowance for credit losses of $35.3 million and $35.7 million as of June 28, 2024 and December 31, 2023, respectively	496.8	497.5
Inventories	323.1	296.6
Prepaid expenses and other current assets	141.4	141.4
Current assets held for sale	0.0	56.1
Total current assets	1,292.6	1,332.5
Property, plant and equipment, net	115.9	102.3
Operating lease right-of-use assets	45.7	47.0
Long-term financing receivables, less allowance for credit losses of $32.9 million and $33.7 million as of June 28, 2024 and December 31, 2023, respectively	287.2	276.2
Other intangible assets, net	526.5	568.3
Goodwill	1,728.9	1,742.4
Other assets	239.1	225.3
Total assets	4,235.9	4,294.0
Current liabilities:
Short-term borrowings and current portion of long-term debt	5.9	106.6
Trade accounts payable	367.7	366.8
Current operating lease liabilities	14.7	14.0
Accrued expenses and other current liabilities	378.3	435.8
Current liabilities held for sale	0.0	32.1
Total current liabilities	766.6	955.3
Long-term operating lease liabilities	36.9	37.1
Long-term debt	2,190.4	2,189.0
Other long-term liabilities	217.7	217.0
Total liabilities	3,211.6	3,398.4
Commitments and Contingencies (Note 9)
Equity:
Preferred stock, 15.0 million shares authorized; no par value; no shares issued and outstanding	0.0	0.0
Common stock, 2.0 billion shares authorized; $0.0001 par value; 171.8 million and 170.8 million shares issued, and 153.8 million and 154.3 million outstanding as of June 28, 2024 and December 31, 2023, respectively	0.0	0.0
Treasury stock, at cost, 18.0 million and 16.5 million shares as of June 28, 2024 and December 31, 2023, respectively	(463.8)	(403.4)
Additional paid-in capital	70.6	56.8
Retained earnings	1,331.3	1,132.1
Accumulated other comprehensive income	78.0	104.9
Total Vontier stockholders’ equity	1,016.1	890.4
Noncontrolling interests	8.2	5.2
Total equity	1,024.3	895.6
Total liabilities and equity	$ 4,235.9	$ 4,294.0

Carrying value as of the balance sheet date of obligations incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Vontier Corp 10-Q