Balance Sheet Information (Tables)

9 Months Ended

Sep. 30, 2013

Balance Sheet Information

Balance Sheet Information

	September 30			December 31
(millions)	2013			2012
	(unaudited)
Accounts receivable, net
Accounts receivable	$	2,565.5		$	2,298.3
Allowance for doubtful accounts	(76.6		)	(73.2		)
Total	$	2,488.9		$	2,225.1
Inventories
Finished goods	$	989.0		$	774.3
Raw materials and parts	403.7			338.3
Inventories at FIFO cost	1,392.7			1,112.6
Excess of FIFO cost over LIFO cost	(14.6		)	(24.5		)
Total	$	1,378.1		$	1,088.1
Property, plant and equipment, net
Land	$	182.8		$	158.9
Buildings and improvements	630.6			562.1
Leasehold improvements	86.4			80.5
Machinery and equipment	1,612.7			1,281.2
Merchandising and customer equipment	1,781.9			1,812.5
Capitalized software	413.1			385.7
Construction in progress	289.7			207.2
	4,997.2			4,488.1
Accumulated depreciation	(2,211.1		)	(2,079.0		)
Total	$	2,786.1		$	2,409.1
Other intangible assets, net
Cost of intangible assets not subject to amortization
Trade names	$	1,230.0		$	1,230.0
Cost of intangible assets subject to amortization
Customer relationships	$	3,440.0		$	2,588.6
Trademarks	307.2			185.2
Patents	422.5			414.7
Other technology	210.8			174.8
	$	4,380.5		$	3,363.3
Accumulated amortization
Customer relationships	$	(529.8	)	$	(373.1	)
Trademarks	(65.0		)	(51.2		)
Patents	(88.2		)	(65.6		)
Other technology	(76.4		)	(59.3		)
Other intangible assets, net	$	4,851.1		$	4,044.1
Other assets
Deferred income taxes	$	73.8		$	51.0
Deferred financing costs	33.8			40.8
Pension	12.9			7.0
Other	247.1			207.8
Total	$	367.6		$	306.6

	September 30			December 31
(millions)	2013			2012
	(unaudited)
Other current liabilities
Discounts and rebates	$	254.5		$	244.4
Dividends payable	69.3			—
Interest payable	71.7			19.5
Taxes payable, other than income	106.7			97.3
Derivative liabilities	14.5			9.9
Restructuring	99.0			116.6
Estimated future consideration payable to Champion sellers	83.9			—
Other	286.3			283.3
Total	$	985.9		$	771.0
Other liabilities
Deferred income taxes	$	1,574.4		$	1,174.2
Income taxes payable - non-current	83.9			81.5
Other	129.1			147.2
Total	$	1,787.4		$	1,402.9
Accumulated other comprehensive loss
Unrealized loss on derivative financial instruments, net of tax	$	(4.5	)	$	(13.6	)
Unrecognized pension and postretirement benefit expense, net of tax	(581.9		)	(613.8		)
Cumulative translation, net of tax	(114.0		)	167.7
Total	$	(700.4	)	$	(459.7	)