Fortive Corp
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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FY2025 · Filed Feb 25, 2026
FTV$67.10+2.6%Stored close · as of Nov 9, 2026
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Item 16. Form 10-K Summary
FORTIVE CORPORATION
INDEX TO FINANCIAL STATEMENTS, SUPPLEMENTARY DATA AND FINANCIAL STATEMENT SCHEDULE
| Schedule: | |
|---|---|
| Valuation and Qualifying Accounts | 96 |
EXHIBIT INDEX
| Exhibit Number | Description | |
| 2.1 | Separation and Distribution Agreement, dated June 27, 2025, by and between Ralliant Corporation and Fortive Corporation | Incorporated by reference from Exhibit 2.1 to Fortive Corporation’s Current Report on Form 8-K filed on June 30, 2025 (Commission File Number: 1-37654) |
| 3.1 | Restated Certificate of Incorporation of Fortive Corporation | Incorporated 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) |
| 3.2 | Amended and Restated Bylaws of Fortive Corporation | Incorporated 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) |
| 4.1 | Description of Securities | Incorporated 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) |
| 4.2 | Indenture, dated as of June 20, 2016, between Fortive Corporation, as issuer, and The Bank of New York Mellon Trust Company, N.A., as trustee | Incorporated 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) |
| 4.3 | Indenture, dated as of February 13, 2024, between Fortive Corporation, as issuer, and The Bank of New York Mellon Trust Company, N.A., as trustee | Incorporated 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) |
| 4.4 | Supplemental 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 trustee | Incorporated 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) |
| 10.1 | Second 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 therein | Incorporated 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) |
| 10.2 | Term 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) |
| 10.3 | Employee Matters Agreement, dated June 27, 2025, by and between Ralliant Corporation and Fortive Corporation | Incorporated by reference from Exhibit 10.1 to Fortive Corporation’s Current Report on Form 8-K, filed on June 30, 2025 (Commission File No. 1-37654) |
| 10.4 | Tax Matters Agreement, dated June 27, 2025, by and between Ralliant Corporation and Fortive Corporation | Incorporated by reference from Exhibit 10.2 to Fortive Corporation’s Current Report on Form 8-K, filed on June 30, 2025 (Commission File No. 1-37654) |
| 10.5 | Transition Services Agreement, dated June 27, 2025, by and between Ralliant Corporation and Fortive Corporation | Incorporated by reference from Exhibit 10.3 to Fortive Corporation’s Current Report on Form 8-K, filed on June 30, 2025 (Commission File No. 1-37654) |
| 10.6 | Intellectual Property Matters Agreement, dated June 27, 2025, by and between Ralliant Corporation and Fortive Corporation | Incorporated by reference from Exhibit 10.4 to Fortive Corporation’s Current Report on Form 8-K, filed on June 30, 2025 (Commission File No. 1-37654) |
| 10.7 | FBS License Agreement, dated June 27, 2025, by and between Ralliant Corporation and Fortive Corporation | Incorporated by reference from Exhibit 10.5 to Fortive Corporation’s Current Report on Form 8-K, filed on June 30, 2025 (Commission File No. 1-37654) |
| 10.8 | Fort Solutions License Agreement, dated June 27, 2025, by and between Ralliant Corporation and Fortive Corporation | Incorporated by reference from Exhibit 10.6 to Fortive Corporation’s Current Report on Form 8-K, filed on June 30, 2025 (Commission File No. 1-37654) |
| 10.9 | Fortive Corporation Amended and Restated 2016 Stock Incentive Plan, as amended and restated* | Incorporated by reference from Exhibit 4.3 to Fortive Corporation’s Registration Statement on Form S-8, filed on October 17, 2025 (Commission File No. 333-290931 |
| 10.10 | Form 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) |
| 10.11 | Form 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) |
| 10.12 | Form 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) |
| 10.13 | Form 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) |
| 10.14 | Form 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) |
| 10.15 | Form 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) |
| 10.16 | Fortive 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) |
| 10.17 | Fortive 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) |
| 10.18 | Fortive 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) |
| 10.19 | Form 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) |
| 10.20 | Description 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) |
| 10.21 | Fortive 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) |
| 10.22 | Fortive 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) |
| 10.23 | Offer Letter, dated February 24, 2025, between Fortive Corporation and Olumide Soroye* | Incorporated by reference from Exhibit 10.22 to Fortive Corporation’s Annual Report on Form 10-K for the year ended December 31, 2024 (Commission File Number: 1-37654) |
| 10.24 | Offer Letter, dated February 24, 2025, between Fortive Corporation and Mark Okerstrom* | Incorporated by reference from Exhibit 10.3 to Fortive Corporation’s Quarterly Report on Form 10-Q for the quarter ended March 28, 2025 (Commission File Number: 1-37654) |
| 10.25 | Offer 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) |
| 10.26 | Offer Letter, dated February 24, 2025, between Fortive Corporation and Tamara Newcombe * | Incorporated by reference from Exhibit 10.21 to Fortive Corporation’s Annual Report on Form 10-K for the year ended December 31, 2024. (Commission File No. 1-37654) |
| 10.27 | Offer of Employment Letter, dated November 16, 2015, between TGA Employment Services LLC and Jonathan Schwarz* † | |
| 10.28 | Offer of Employment Letter, dated October 26, 2015, 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) |
| 10.29 | Offer of Employment Letter, dated April 2, 2016, between TGA Employment Services LLC and Peter C. Underwood* | Incorporated by reference from Exhibit 10.23 to Fortive Corporation’s Annual Report on Form 10-K for the year ended December 31, 2016 (Commission File Number: 1-37654) |
| 10.30 | Separation Agreement, dated December 31, 2025, between Fortive Corporation and Jonathan Schwarz* † | |
| 10.31 | Form of Fortive Corporation and its Affiliated Entities Agreement Regarding Competition and Protection of Proprietary Interests* † | |
| 10.32 | Fortive 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) |
| 10.33 | Aircraft Time Sharing Agreement, dated February 23, 2025, between Fortive Corporation and Olumide Soroye* | Incorporated by reference from Exhibit 10.25 to Fortive Corporation’s Annual Report on Form 10-K for the year ended December 31, 2024 (Commission File No. 1-37654) |
| 10.34 | Aircraft Time Sharing Agreement, dated February 27, 2025, between Fortive Corporation and Mark Okerstrom* | Incorporated by reference from Exhibit 10.5 to Fortive Corporation’s Quarterly Report on Form 10-Q for the quarter ended March 28, 2025 (Commission File Number: 1-37654) |
| 19.1 | Fortive Corporation Insider Trading Policy | Incorporated by reference from Exhibit 19.1 to Fortive Corporation’s Annual Report on Form 10-K for the year ended December 31, 2024 (Commission File No. 1-37654) |
| 21.1 | Subsidiaries of Registrant † | |
| 23.1 | Consent of Independent Registered Public Accounting Firm † | |
| 31.1 | Certification 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 † | |
| 31.2 | Certification 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 † | |
| 32.1 | Certification 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 † | |
| 32.2 | Certification 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 † | |
| 97 | Fortive Corporation Clawback Policy | Incorporated 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.INS | XBRL 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.SCH | Inline XBRL Taxonomy Extension Schema Document † | |
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document † | |
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document † | |
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document † | |
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document † |
| 104 | Inline 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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