UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________________________________________
FORM 11-K
 ________________________________________________

FOR ANNUAL REPORTS OF EMPLOYEE STOCK PURCHASE, SAVINGS AND SIMILAR
PLANS PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
(Mark One) 
ýANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
For the fiscal year ended December 31, 2023
Or
oTRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from            to            
Commission file number 1-37654
 
A. Full title of the plan and the address of the plan, if different from that of the issuer named below:
Fortive Retirement Savings Plan
B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
Fortive Corporation
6920 Seaway Blvd
Everett, WA 98203
(425) 446-5000

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FORTIVE RETIREMENT SAVINGS PLAN

FINANCIAL STATEMENTS AS OF DECEMBER 31, 2023 AND 2022
AND FOR THE YEAR ENDED DECEMBER 31, 2023,
SUPPLEMENTAL SCHEDULE AS OF DECEMBER 31, 2023 AND
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

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FORTIVE RETIREMENT SAVINGS PLAN
TABLE OF CONTENTS

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Report of Independent Registered Public Accounting Firm
To the Plan Participants, the Plan Administrator, and the Investment Committee of the Fortive Retirement Savings Plan
Opinion on the Financial Statements
We have audited the accompanying statements of net assets available for benefits of Fortive Retirement Savings Plan (the Plan) as of December 31, 2023 and 2022, and the related statement of changes in net assets available for benefits for the year ended December 31, 2023, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan at December 31, 2023 and 2022, and the changes in its net assets available for benefits for the year ended December 31, 2023, in conformity with U.S. generally accepted accounting principles.
Basis for Opinion
These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
Supplemental Schedule Required by ERISA
The accompanying supplemental schedule of assets (held at end of year) as of December 31, 2023 (referred to as the “supplemental schedule”), has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The information in the supplemental schedule is the responsibility of the Plan’s management. Our audit procedures included determining whether the information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming our opinion on the information, we evaluated whether such information, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the information is fairly stated, in all material respects, in relation to the financial statements as a whole.
/s/ Ernst & Young, LLP
We have served as the Plan’s auditor since 2016.
Seattle, Washington
June 18, 2024
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FORTIVE RETIREMENT SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
AS OF DECEMBER 31, 2023 AND 2022
($ in millions)
 
20232022
ASSETS
Non-interest bearing cash$0.1 $0.3 
Investments at fair value1,896.6 1,602.7 
Receivables:
Notes receivable from participants
16.6 15.2 
Employer contributions
2.3 2.4 
Other0.7 5.3 
Total receivables
19.6 22.9 
Total assets
1,916.3 1,625.9 
LIABILITIES
Other payables
0.7 5.8 
Total liabilities
0.7 5.8 
NET ASSETS AVAILABLE FOR BENEFITS
$1,915.6 $1,620.1 

See the accompanying notes to the financial statements.
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FORTIVE RETIREMENT SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEAR ENDED DECEMBER 31, 2023
($ in millions)
 
ADDITIONS TO (DEDUCTIONS FROM) NET ASSETS ATTRIBUTED TO:
Investment income:
Interest income on notes receivable from participants
$1.0 
Dividend and interest income from investments17.3 
Net appreciation in fair value of investments
295.3 
Total investment income
313.6 
Contributions:
Participant
94.3 
Rollovers
20.9 
Employer
61.0 
Total contributions
176.2 
Benefit payments
(193.3)
Administrative expenses
(1.0)
Total benefit payments and administrative expenses
(194.3)
NET INCREASE IN NET ASSETS
295.5 
NET ASSETS AVAILABLE FOR BENEFITS:
Beginning of year
1,620.1 
End of year
$1,915.6 
See the accompanying notes to the financial statements.

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FORTIVE RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
YEAR ENDED DECEMBER 31, 2023
NOTE 1. DESCRIPTION OF THE PLAN
The following description of the Fortive Retirement Savings Plan (the “Plan”) provides only general information. Participants should refer to the plan document and summary plan description for a more complete description of the Plan’s provisions.
General
Fortive Corporation (“Fortive,” “the Company”, or “the Plan Sponsor”) is a provider of essential technologies for connected workflow solutions across a range of attractive end-markets. Fortive established the Plan effective May 31, 2016. The Plan is a defined contribution plan established for eligible full-time and part-time non-union employees of the Company and its subsidiaries. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and the Plan is administered through affiliates of the trustee, Fidelity (the “Plan Administrator”). Plan participants should refer to the formal legal documents of the Plan and the summary plan description for a more complete description of the Plan’s provisions and a full explanation of all limitations, adjustments and special cases in the Plan. Significant provisions related to contributions, benefit payments, and investments are provided below.
Contributions
Eligible participants may contribute up to 75% of their compensation (subject to annual maximums). Employee contributions and the earnings or losses thereon are fully vested at all times.
The Company’s retirement contributions are determined at the discretion of the Plan Sponsor. Employees are eligible for Company retirement contributions upon completion of one year of service and become fully vested upon completion of three years of service. The discretionary retirement contribution can range from 0% to 2% of eligible compensation. For the year ended December 31, 2023, the discretionary retirement contribution was 2% of eligible compensation.
For eligible participants who have completed one year of service and are active employees on the last day of the plan year, an additional discretionary retirement contribution of up to 2% of eligible compensation above the Social Security wage base in effect at the beginning of the Plan year is calculated and deposited into participant accounts subsequent to the Plan year end. These contributions become fully vested after three years of service. For the year ended December 31, 2023, this additional retirement contribution was 2% of eligible compensation.
In addition, the Company makes matching contributions into the Plan. These matching contributions are considered “safe harbor” and the percentage for the safe harbor matching contributions has been established in the plan document. The Company matching contribution is 100% of the first 3% of eligible compensation contributed by the participant plus 50% of the next 2% of eligible compensation contributed. Employees are immediately 100% vested in all safe harbor matching contributions.
Benefit Payments
A participant who attains normal retirement age (age 65) shall be entitled to payment of the balance in their account. A participant who remains employed after attainment of normal retirement age shall continue to participate under the same terms and conditions as applied prior to reaching normal retirement age. A participant must begin receiving distributions no later than April 1 following the later of the year in which they retire from the Company or the calendar year in which they reach the age of 73.
The beneficiary or beneficiaries of a deceased participant shall be entitled to payment of the participant’s account balance within a reasonable period of time after the participant’s death.
Upon total and permanent disability, a participant shall be entitled to payment of the balance in their account within a reasonable period of time after termination of employment.
Upon a participant’s termination of employment for reasons other than as specified above, a participant is entitled to payment of their vested account balance. If the vested value of the participant’s account is $1,000 (applied separately to Roth and non-Roth balances) or less, payment will automatically be made in a single lump sum. If the vested value of the participant’s Roth or non-Roth balances is greater than $1,000 and does not exceed $5,000, the Plan Administrator will automatically rollover the Roth or non-Roth balances to a separate Fidelity Individual Retirement Account. If the vested value of the participant’s account is greater than $5,000, the participant must contact the Plan Administrator to request a distribution.
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Eligible participants may request a hardship or age 59 1/2 in-service withdrawal of all or a portion of their vested account while still working for the Company in accordance with procedures established by the Plan Administrator, subject to certain limitations and tax penalties.
Notes Receivable from Participants
A participant may receive a loan from the Plan in accordance with the policy established by the Plan Sponsor. Any such loan or loans shall not exceed the lesser of 50% of the participant’s vested account balance or $50,000 reduced by the participant’s highest outstanding loan balance in the Plan during the one-year period ending on the day before the loan is made. The Plan Administrator establishes the maximum maturity period that is permitted to prevent the loan from being treated as a distribution. Plan provisions require that all loans must be paid back within 60 months. The Plan Administrator may require loan payments to be made through payroll deductions.
Participant Accounts
Each participant account is credited with the participant’s contributions, employer safe harbor matching contributions, employer retirement contributions, and an allocation of Plan earnings or losses, and is charged quarterly with administrative expenses and recordkeeping fees. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account.
Administrative Expenses
The Plan’s administrative expenses are paid by either the Plan or the Plan Sponsor, as provided by the Plan’s provisions. Administrative expenses paid by the Plan include recordkeeping and trustee fees.
The Plan participates in a revenue credit program (Credits). Credits are earned in connection with the Plan’s revenue sharing arrangements with certain investment funds. The Credits are deposited in an unallocated account and can be used to pay ERISA-qualified expenses or can be allocated to eligible participant accounts. The calculated Credits are funded quarterly in arrears by the Plan Administrator.
Unallocated Accounts
During the year ended December 31, 2023, forfeitures used to reduce Company related contributions totaled $1.1 million.
As of December 31, 2023 and 2022, unallocated and non-vested accounts, including forfeited amounts, totaled $0.6 million. These amounts will be used to reduce future employer contributions and to pay administrative expenses.
Termination of the Plan
Although the Company, as the Plan Sponsor, has not expressed an intention to do so, the Plan may be terminated at any time. In the event of termination of the Plan, the account balances of participants as of the date of termination shall immediately become vested.
NOTE 2. SIGNIFICANT ACCOUNTING POLICIES
Basis of Accounting
The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”).
Use of Estimates
The preparation of financial statements in conformity with GAAP requires management to make estimates and judgments that affect the reported amounts of assets, liabilities and changes therein, and the related disclosure of contingent assets and liabilities. Actual results could differ from those estimates.
Risks and Uncertainties
Investment securities are exposed to various risks such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the Statements of Net Assets Available for Benefits.
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Notes Receivable from Participants
Notes receivable from participants represent participant loans and are recorded at their unpaid principal balance plus any accrued but unpaid interest. Interest income on notes receivable from participants is recorded when it is earned. Related fees are recorded as administrative expenses and are expensed when they are incurred. No allowance for credit losses has been recorded as of December 31, 2023 and 2022. If a participant ceases to make loan repayments and has reached a distributable event, the loan balance is reduced and a benefit payment is recorded.
Investments
Investments are reported at fair value. Fair value is the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Refer to Note 3 for discussion of fair value measurements.
Purchases and sales of securities are recorded on a trade date basis. Interest income is recorded on an accrual basis. Dividends are recorded on the ex-dividend date. The income of each fund is reinvested in that fund.
Payment of Benefits
Benefits are recorded when paid.
NOTE 3. FAIR VALUE MEASUREMENT
Accounting standards define fair value based on an exit price model, establish a framework for measuring fair value where the Plan’s assets and liabilities are required to be carried at fair value and provide for certain disclosures related to the valuation methods used within a valuation hierarchy. This hierarchy prioritizes the inputs into three broad levels as follows. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 inputs are quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets in markets that are not active, or other observable characteristics for the asset or liability, including interest rates, yield curves and credit risks, or inputs that are derived principally from, or corroborated by, observable market data through correlation. Level 3 inputs are unobservable inputs based on management’s assumptions. A financial asset or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement in its entirety.
The Plan provides for some investments that are valued using the Net Asset Value (“NAV”) practical expedient. None of these investments have limits on their redemption. Investments valued using NAV consist of common collective trusts and privately traded mutual funds which allow the Plan to allocate investments across a broad array of types of funds and diversify the portfolio.
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The fair values of the Plan’s investments as of December 31, 2023, by asset category, were as follows ($ in millions):
Quoted Prices in Active Market
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Total
Money market funds
$0.3 $— $— $0.3 
Fortive Corporation Stock Fund:
Fortive common stock
39.7 — — 39.7 
Money market fund
0.4 — — 0.4 
Mutual funds
536.3 — — 536.3 
Separately managed funds:
Cash and cash equivalents3.6 — — 3.6 
Common stock270.2 — — 270.2 
Corporate bonds0.4 — 0.4 
Mutual funds38.0 — — 38.0 
Self-directed brokerage accounts
89.0 — — 89.0 
$977.5 $0.4 $— $977.9 
Investments measured at NAV
Common/collective trusts
918.7 
Total investments, at fair value
$1,896.6 
The fair values of the Plan’s investments as of December 31, 2022, by asset category, were as follows ($ in millions):
Quoted Prices in Active Market
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Total
Money market funds
$0.6 $— $— $0.6 
Fortive Corporation Stock Fund:
Fortive common stock
37.7 — — 37.7 
Money market fund
0.2 — — 0.2 
Mutual funds
415.2 — — 415.2 
Separately managed funds:
Cash and cash equivalents3.9 — — 3.9 
Common stock229.6 — — 229.6 
Corporate bonds— 0.2 — 0.2 
Mutual funds29.3 — — 29.3 
Self-directed brokerage accounts
62.6 — — 62.6 
$779.1 $0.2 $— $779.3 
Investments measured at NAV
Common/collective trusts
823.0 
Separately managed mutual funds0.4 
Total investments, at fair value
$1,602.7 
Following is a description of the valuation techniques and inputs used for each major class of assets measured at fair value:
•Money market funds and mutual funds are valued at the quoted closing price reported on the active market on which the individual securities are traded.
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•The Fortive Corporation Stock Fund consists of shares of the Company’s stock and short-term money market investments and is valued based on the quoted market price of the investments.
•The separately managed funds consist of common stock, money market funds, and mutual funds, which are valued at the last reported sales price of the security on the last business day of the year, uninvested interest bearing cash and cash equivalents, which is recorded at carrying value as maturities are less than three months, and privately traded mutual funds, which cannot be priced on the open market and are valued using the NAV of units held. The NAV is used as a practical expedient to estimate fair value and is based on the fair value of the underlying investments held by the fund less its liabilities.
•The self-directed brokerage accounts consist of common stock, mutual funds, and exchange traded funds, which are valued at the last reported sales price on the last business day of the year, and uninvested interest bearing cash, which is recorded at carrying value as maturities are less than three months.
•Participation units in the common/collective trust funds are valued using the NAV of units held. The NAV is used as a practical expedient to estimate fair value and is based on the fair value of the underlying investments held by the fund less its liabilities.
The methods described above may produce a fair value estimate that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes the valuation methods are appropriate and consistent with the methods used by other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.
NOTE 4. TAX STATUS OF THE PLAN
The Plan received a determination letter from the Internal Revenue Service (“IRS”) dated November 8, 2022 stating that the Plan is qualified under Section 401(a) of the Internal Revenue Code (the “Code”) and, therefore, its related trust is exempt from taxation. The Plan Sponsor believes that the Plan is being operated in compliance with the applicable requirements of the Code and, therefore, believes that the Plan is qualified and the related trust is tax-exempt.
GAAP requires plan management to evaluate uncertain tax positions taken by the Plan. The financial statement effects of a tax position are recognized when the position is more likely than not, based on the technical merits, to be sustained upon examination by the IRS. The Plan Sponsor has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2023 and 2022, there are no uncertain positions taken or expected to be taken. The Plan has recognized no interest or penalties related to uncertain tax positions. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.
NOTE 5. RELATED PARTY AND PARTIES IN INTEREST TRANSACTIONS
Certain investments are held in shares of mutual funds and units of common collective trust funds issued by affiliates of Fidelity. Fidelity is the trustee as defined by the Plan, therefore, these are party in interest transactions.
Additionally, as of December 31, 2023 and 2022, the Plan held 0.5 million and 0.6 million shares of Fortive common stock within the Fortive Corporation Stock Fund, respectively. During the year ended December 31, 2023, the Fortive Corporation Stock Fund purchased $22.6 million and sold $26.1 million in Company stock and received $0.2 million of dividends related to shares of Fortive common stock.

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SUPPLEMENTAL SCHEDULE
FORTIVE RETIREMENT SAVINGS PLAN
EIN: 47-5654583, PLAN NO. 001
FORM 5500, SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AS OF DECEMBER 31, 2023

(a)
(b) Identity of issue, borrower, lessor or similar party
(c) Description of investment including maturity date,
rate of interest, collateral, par, or maturity value
(d) Cost
(e) Current value
Interest Bearing Cash (including Money Market Funds)
Interest Bearing Cash3,604,723US dollars**$3,604,723 
Vanguard Federal Money Market Fund318,943shares**318,943 
$3,923,666 
Corporate debt instruments
ANT INTERNATIONAL CO LTD 3.55% 08/14/202
152,980par**$152,796 
CARVANA CO PIK VAR 06/01/2030 144A
122,000par**102,612 
CARVANA CO PIK VAR 06/01/2031 144A
144,000par**123,000 
CARVANA CO PIK VAR 12/01/2028 144A
81,000par**68,744 
$447,152 
Common/Collective Trust Funds
American Beacon Small Cap Value2,442,265units**$48,980,839 
*Fidelity Managed Income Portfolio II Class 3112,127,798units**112,127,798 
Harding Loevner International Equity Portfolio510,998units**8,247,513 
BlackRock LifePath® Index 2025 Non-Lendable Fund M
6,564,155units**98,620,522 
BlackRock LifePath® Index 2030 Non-Lendable Fund M
7,089,520units**114,233,434 
BlackRock LifePath® Index 2035 Non-Lendable Fund M
6,366,674units**109,451,395 
BlackRock LifePath® Index 2040 Non-Lendable Fund M
5,562,433units**101,305,252 
BlackRock LifePath® Index 2045 Non-Lendable Fund M
4,637,623units**88,314,712 
BlackRock LifePath® Index 2050 Non-Lendable Fund M
4,251,414units**82,793,304 
BlackRock LifePath® Index 2055 Non-Lendable Fund M
3,285,040units**64,213,993 
BlackRock LifePath® Index 2060 Non-Lendable Fund M
1,615,246units**31,560,929 
BlackRock LifePath® Index 2065 Non-Lendable Fund M
378,824units**5,415,782 
BlackRock LifePath® Index Retirement Non-Lendable Fund M
3,830,247units**53,425,054 
$918,690,527 
Employer Securities
Fortive Corporation Stock Fund
*Fortive Corporation Common Stock538,578shares**$39,655,498 
*Fidelity Investments Money Market Government Portfolio - Institutional Class364,318US Dollars**364,318 
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$40,019,816 
Registered Investment Companies
Dodge & Cox International Stock Fund Class X
1,282,660shares**$63,055,565 
PIMCO Inflation Response Multi-Asset Institutional917,747shares**7,360,331 
PIMCO Total Return Fund Institutional
4,397,697shares**38,040,081 
*
Fidelity® Extended Market Index Fund
905,416shares**70,676,765 
*
Fidelity® 500 Index Fund
1,766,757shares**292,380,603 
*
Fidelity® Large Cap Growth Index Fund
604,529
shares
**17,833,617 
T. Rowe Price Treasury Reserve Fund743shares**743 
Vanguard Total Bond Market Index Fund Institutional Shares5,904,911shares**57,336,688 
Vanguard Total International Stock Index Fund Institutional Shares222,279shares**27,673,742 
$574,358,135 
Common Stock
AAON INC18,859shares**$1,393,114 
ADVANCED MICRO DEVICES IN8,746shares**1,289,248 
ADYEN BV324shares**377,978 
AGILYSYS INC7,172shares**608,329 
AIR PRODUCTS & CHEMICALS4,939shares**1,352,298 
ALARM.COM HLDGS INC14,748shares**953,016 
ALIGN TECH INC401shares**109,874 
ALLEGIANT TRAVEL CO2,871shares**237,173 
ALPHABET INC CL A19,491shares**2,722,698 
ALPHABET INC CL C86,224shares**12,151,548 
ALTRIA GROUP INC19,432shares**783,887 
AMAZON.COM INC99,438shares**15,108,610 
APPLE INC109,507shares**21,083,383 
ASML HLDG NV (NY REG SHS)2,822shares**2,136,028 
ASTRAZENECA PLC SPONS ADR6,459shares**435,014 
ATLASSIAN CORP PLC CLS A2,843shares**676,236 
AXOS FIN INC8,345shares**455,637 
AZENTA INC5,847shares**380,874 
BALCHEM CORP8,568shares**1,274,490 
BARNES GROUP INC7,573shares**247,107 
BERKSHIRE HATHAWAY INC CL4,722shares**1,684,149 
BILL HLDGS INC4,898shares**399,628 
BIO TECHNE CORP11,641shares**898,220 
BIOLIFE SOLUTIONS INC10,086shares**163,898 
BLACKBAUD INC12,180shares**1,056,006 
BLACKLINE INC9,752shares**608,915 
BLACKROCK INC2,106shares**1,709,651 
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BRIGHT HORIZONS FAMILY SO6,763shares**637,345 
CARVANA CO CL A9,500shares**502,930 
CASELLA WASTE SYS INC CL11,196shares**956,810 
CERTARA INC43,175shares**759,448 
CHEVRON CORP7,905shares**1,179,110 
CHIPOTLE MEXICAN GRILL IN766shares**1,751,811 
CHUBB LTD8,362shares**1,889,812 
CINCINNATI FIN CORP7,483shares**774,191 
CINTAS CORP628shares**378,470 
CISCO SYS INC21,922shares**1,107,499 
COLGATE-PALMOLIVE CO5,800shares**462,318 
COMCAST CORP CL A19,172shares**840,692 
CONFLUENT INC9,223shares**215,818 
CONSTELLATION ENERGY CORP7,992shares**934,185 
CONSTRUCTION PARTNERS INC36,083shares**1,570,332 
CROWDSTRIKE HLDGS INC1,589shares**405,703 
CROWN CASTLE INC8,666shares**998,237 
DANAHER CORP4,922shares**1,138,655 
DATABRICKS INC SER G PC P1,227shares**93,878 
DATADOG INC CL A3,106shares**377,006 
DESCARTES SYS GROUP INC16,523shares**1,388,923 
DIAGEO PLC SPON ADR7,086shares**1,032,147 
DIGI INTL INC16,191shares**420,966 
DOLLAR GEN CORP8,895shares**1,209,275 
DOMINION ENERGY INC17,330shares**814,510 
DONALDSON CO INC8,297shares**542,209 
DOORDASH INC4,850shares**479,617 
DORMAN PRODUCTS INC6,758shares**563,685 
DOUBLEVERIFY HLDGS INC21,792shares**801,510 
ELEVANCE HEALTH INC1,663shares**784,204 
ELI LILLY & CO9,418shares**5,489,941 
ENVESTNET INC12,412shares**614,642 
EPLUS INC17,746shares**1,416,841 
ESCO TECH INC9,993shares**1,169,481 
EXLSVCS HLDGS INC47,312shares**1,459,575 
EXPONENT INC17,441shares**1,535,506 
FAIR ISAAC CORP1,098shares**1,278,083 
FASTENAL CO19,137shares**1,239,503 
FIDELITY NATL INFORM SVCS18,983shares**1,140,309 
FISERV INC3,050shares**405,162 
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FORTINET INC2,279shares**133,390 
FOX FACTORY HLDGS CORP12,969shares**875,148 
GEN ELECTRIC CO7,810shares**996,790 
GLOBUS MEDICAL INC16,317shares**869,533 
GOLDMAN SACHS GROUP INC1,256shares**484,527 
GROCERY OUTLET HLDGS CORP16,039shares**432,411 
HEALTHEQ INC9,340shares**619,242 
HUMANA INC2,468shares**1,129,875 
I3 VERTICALS INC CL A21,313shares**451,196 
INTUIT INC3,528shares**2,205,106 
INTUITIVE SURGICAL INC8,257shares**2,785,582 
J&J SNACKS FOOD CORP5,873shares**981,613 
JOHNSON & JOHNSON9,387shares**1,471,318 
KINSALE CAPITAL GROUP INC4,733shares**1,585,129 
LAM RESEARCH CORP392shares**307,038 
LEMAITRE VASCULAR INC10,317shares**585,593 
LINDE PLC2,183shares**896,580 
LOWES COS INC6,997shares**1,557,182 
LULULEMON ATHLETICA INC1,877shares**959,691 
MARSH & MCLENNAN COS INC6,012shares**1,139,094 
MARTEN TRANSPORT LTD38,042shares**798,121 
MASTERCARD INC CL A11,402shares**4,863,067 
MERCK & CO INC NEW12,974shares**1,414,425 
MESA LAB INC2,248shares**235,523 
META PLATFORMS INC CL A29,534shares**10,453,855 
MICROSOFT CORP73,818shares**27,758,521 
MONDELEZ INTL INC7,200shares**521,496 
MONGODB INC CL A2,590shares**1,058,922 
MONOLITHIC POWER SYS INC1,753shares**1,105,757 
MORGAN STANLEY9,600shares**895,200 
MSCI INC371shares**209,856 
NEOGEN CORP24,676shares**496,234 
NESTLE SA REG ADR7,292shares**843,174 
NETFLIX INC5,690shares**2,770,347 
NIKE INC CL B4,783shares**519,290 
NINTENDO LTD ADR68,796shares**893,660 
NORFOLK SOUTHERN CORP6,986shares**1,651,351 
NORTHROP GRUMMAN CORP2,542shares**1,190,012 
NOVANTA INC8,830shares**1,487,060 
NV5 GLOBAL INC5,159shares**573,268 
-15-

NVIDIA CORP23,483shares**11,629,251 
OLD DOMINION FREIGHT LINE1,793shares**726,757 
OLLIES BARGAIN OUTLET HLD11,623shares**882,069 
OMNICELL INC11,316shares**425,821 
ONTO INNOVATION INC13,161shares**2,012,317 
PALOMAR HLDGS INC3,988shares**221,334 
PAYCHEX INC9,693shares**1,154,533 
PERFICIENT INC11,009shares**724,612 
PHILIP MORRIS INTL INC16,415shares**1,544,323 
PROCTER & GAMBLE CO3,000shares**439,620 
PROGRESSIVE CORP OHIO7,936shares**1,264,046 
RBC BEARINGS INC6,579shares**1,874,291 
ROPER TECH INC2,542shares**1,385,822 
ROSS STORES INC8,500shares**1,176,315 
S&P GLOBAL INC2,271shares**1,000,421 
SCHLUMBERGER LTD11,400shares**593,256 
SCHWAB CHARLES CORP31,390shares**2,159,632 
SEA LTD ADR7,876shares**318,978 
SHERWIN WILLIAMS CO2,782shares**867,706 
SHOPIFY INC CL A15,516shares**1,221,832 
SITEONE LANDSCAPE SUPPLY6,418shares**1,042,925 
SNOWFLAKE INC CL A2,039shares**405,761 
SPS COMMERCE INC5,233shares**1,014,365 
SPX TECH INC5,343shares**539,696 
STAAR SURGICAL CO NEW10,834shares**338,129 
STARBUCKS CORP13,958shares**1,340,108 
STRYKER CORP3,477shares**1,041,222 
SVCSNOW INC6,386shares**4,511,645 
SYNOPSYS INC4,421shares**2,276,417 
TAIWAN SEMIC MFG CO LTD S6,049shares**629,096 
TE CONNECTIVITY LTD2,400shares**337,200 
TELEFLEX INC918shares**228,894 
TESLA INC18,584shares**4,617,752 
TEXAS INSTRUMENTS INC12,314shares**2,099,044 
TEXAS ROADHOUSE INC10,953shares**1,338,785 
THE BOOKING HLDGS INC492shares**1,745,232 
THERMO FISHER SCIENTIFIC4,121shares**2,187,386 
TJX COMPANIES INC NEW9,059shares**849,825 
T-MOBILE US INC11,674shares**1,871,692 
TRANSDIGM GROUP INC466shares**471,406 
-16-

TREX CO INC14,847shares**1,229,183 
TYLER TECH INC1,608shares**672,337 
UFP TECH INC938shares**161,374 
UNITED PARCEL SVCS INC CL7,580shares**1,191,803 
UNITEDHEALTH GROUP INC11,444shares**6,024,923 
VEEVA SYS INC CL A2,064shares**397,361 
VERALTO CORP1,693shares**139,266 
VERICEL CORP5,764shares**205,256 
VERIZON COMM INC18,656shares**703,331 
VISA INC CL A23,192shares**6,038,037 
WD 40 CO2,498shares**597,197 
ZOETIS INC CL A5,419shares**1,069,548 
$270,201,657 
Brokeragelink
BrokeragelinkCombination of common stock, mutual funds, and ETF's$88,969,069 
Total$1,896,610,022 
Loans
*
Participant LoansInterest rates range from 4.25% to 9.5% with maturity at various dates**$16,603,392 
* Party in interest.
** Historical cost not required to be presented as all investments are participant-directed.

-17-

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
 
FORTIVE RETIREMENT SAVINGS PLAN
June 18, 2024
By:
/s/ Simon Grace
Simon Grace
Vice President, Total Rewards

-18-

EXHIBIT INDEX
Exhibit
Number
Description
23.1

-19-

Exhibit 23.1
Consent of Independent Registered Public Accounting Firm

We consent to the incorporation by reference in the Registration Statement (Form S-8 No. 333-212348) pertaining to the Retirement Savings Plan of Fortive Corporation of our report dated June 18, 2024, with respect to the financial statements and schedule of the Fortive Retirement Savings Plan included in this Annual Report (Form 11-K) for the year ended December 31, 2023.

/s/ Ernst & Young LLP

Seattle, Washington
June 18, 2024

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