Balance Sheet Information

3 Months Ended

Mar. 31, 2014

Balance Sheet Information

Balance Sheet Information

4.         Balance Sheet Information

	March 31			December 31
(millions)	2014			2013
	(unaudited)
Accounts receivable, net
Accounts receivable	$	2,603.7		$	2,648.9
Allowance for doubtful accounts	(84.1		)	(80.9		)
Total	$	2,519.6		$	2,568.0
Inventories
Finished goods	$	963.9		$	953.3
Raw materials and parts	421.2			391.0
Inventories at FIFO cost	1,385.1			1,344.3
Excess of FIFO cost over LIFO cost	(18.0		)	(22.4		)
Total	$	1,367.1		$	1,321.9
Property, plant and equipment, net
Land	$	190.8		$	191.4
Buildings and improvements	674.0			666.0
Leasehold improvements	89.8			87.9
Machinery and equipment	1,716.0			1,677.5
Merchandising and customer equipment	1,836.3			1,802.8
Capitalized software	442.9			435.4
Construction in progress	313.4			291.6
	5,263.2			5,152.6
Accumulated depreciation	(2,374.2		)	(2,270.6		)
Total	$	2,889.0		$	2,882.0
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	$	3,443.8		$	3,455.6
Trademarks	309.2			308.1
Patents	431.2			425.6
Other technology	210.2			210.2
	$	4,394.4		$	4,399.5
Accumulated amortization
Customer relationships	$	(654.7	)	$	(594.9	)
Trademarks	(75.9		)	(70.4		)
Patents	(103.2		)	(95.7		)
Other technology	(89.3		)	(83.2		)
Other intangible assets, net	$	4,701.3		$	4,785.3
Other assets
Deferred income taxes	$	49.1		$	54.5
Deferred financing costs	29.4			31.7
Pension	90.0			90.2
Other	245.0			231.5
Total	$	413.5		$	407.9

	March 31			December 31
(millions)	2014			2013
	(unaudited)
Other current liabilities
Discounts and rebates	$	282.3		$	263.2
Dividends payable	82.7			82.8
Interest payable	61.0			19.6
Taxes payable, other than income	104.2			115.3
Derivative liabilities	11.3			14.2
Restructuring	72.4			68.3
Future consideration payable to Champion sellers	—			86.4
Other	267.9			304.0
Total	$	881.8		$	953.8
Other liabilities
Deferred income taxes	$	1,659.7		$	1,661.3
Income taxes payable - non-current	86.7			90.2
Restructuring	10.9			12.9
Other	136.1			134.9
Total	$	1,893.4		$	1,899.3
Accumulated other comprehensive loss
Unrealized loss on derivative financial instruments, net of tax	$	(6.6	)	$	(6.6	)
Unrecognized pension and postretirement benefit expense, net of tax	(233.6		)	(235.0		)
Cumulative translation, net of tax	(133.1		)	(63.6		)
Total	$	(373.3	)	$	(305.2	)