v3.25.3

Consolidated Condensed Balance Sheets - USD ($) $ in Millions	Oct. 03, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 1,775	$ 1,101
Trade accounts receivable, less allowance for credit losses of $37 as of both dates	875	812
Inventories:
Finished goods	158	122
Work in process	48	39
Raw materials	134	127
Total inventories	340	288
Prepaid expenses and other current assets	205	186
Total current assets	3,195	2,387
Property, plant and equipment, net of accumulated depreciation of $529 and $485, respectively	285	268
Other long-term assets	596	523
Goodwill	2,824	2,693
Other intangible assets, net	529	535
Total assets	7,429	6,406
Current liabilities:
Current portion of long-term debt	700	0
Trade accounts payable	400	395
Accrued expenses and other liabilities	937	850
Total current liabilities	2,037	1,245
Other long-term liabilities	572	517
Long-term debt	1,972	2,599
Stockholders' Equity:
Preferred stock - $0.01 par value as of October 3, 2025 and December 31, 2024, 15 million shares authorized as of both dates; and 0 shares issued and outstanding as of both dates	0	0
Common stock - $0.01 par value as of October 3, 2025 and December 31, 2024, 1.0 billion shares authorized as of both dates; and 248.3 million and $247.4 million shares issued and outstanding, respectively	2	2
Additional paid-in capital	2,255	2,190
Retained earnings	1,522	917
Accumulated other comprehensive loss	(932)	(1,071)
Total Veralto stockholders' equity	2,847	2,038
Noncontrolling interests	1	7
Total stockholders' equity	2,848	2,045
Total liabilities and stockholders' equity	$ 7,429	$ 6,406

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).

Veralto Corp 10-Q