BALANCE SHEET INFORMATION

6 Months Ended

Jun. 30, 2016

BALANCE SHEET INFORMATION

BALANCE SHEET INFORMATION

4. BALANCE SHEET INFORMATION

	June 30		December 31
(millions)	2016		2015
Accounts receivable, net
Accounts receivable		$ 2,394.5		$ 2,465.5
Allowance for doubtful accounts		(76.5)		(75.3)
Total		$ 2,318.0		$ 2,390.2
Inventories
Finished goods		$ 907.6		$ 929.6
Raw materials and parts		413.5		440.9
Inventories at FIFO cost		1,321.1		1,370.5
FIFO cost to LIFO cost difference		10.6		17.7
Total		$ 1,331.7		$ 1,388.2
Other current assets
Prepaid assets		$ 104.8		$ 94.6
Taxes receivable		117.0		137.6
Derivative assets		22.6		58.7
Other		33.9		35.4
Total		$ 278.3		$ 326.3
Property, plant and equipment, net
Land		$ 226.2		$ 223.7
Buildings and leasehold improvements		1,046.3		996.0
Machinery and equipment		1,965.2		1,896.7
Merchandising and customer equipment		2,134.7		1,988.1
Capitalized software		494.8		479.9
Construction in progress		359.6		371.1
		6,226.8		5,955.5
Accumulated depreciation		(2,969.5)		(2,727.2)
Total		$ 3,257.3		$ 3,228.3
Other intangible assets, net
Intangible assets not subject to amortization
Trade names		$ 1,230.0		$ 1,230.0
Intangible assets subject to amortization
Customer relationships		$ 3,250.4		$ 3,232.3
Trademarks		304.3		303.6
Patents		439.2		433.4
Other technology		210.2		213.5
		4,204.1		4,182.8
Accumulated amortization
Customer relationships		(1,060.1)		(945.1)
Trademarks		(115.9)		(104.7)
Patents		(143.2)		(129.0)
Other technology		(136.6)		(124.8)
		(1,455.8)		(1,303.6)
Net intangible assets subject to amortization		2,748.3		2,879.2
Total		$ 3,978.3		$ 4,109.2
Other assets
Deferred income taxes		$ 86.0		$ 58.3
Pension		33.5		28.0
Derivative assets		16.1		42.7
Other		253.6		236.9
Total		$ 389.2		$ 365.9

	June 30		December 31
(millions)	2016		2015
Other current liabilities
Discounts and rebates		$ 290.4		$ 270.5
Dividends payable		102.1		103.6
Interest payable		48.3		24.2
Taxes payable, other than income		102.3		110.5
Derivative liabilities		33.4		31.5
Restructuring		53.7		73.9
Other		334.0		334.1
Total		$ 964.2		$ 948.3
Accumulated other comprehensive loss
Unrealized gain (loss) on derivative financial instruments, net of tax		$ (21.7)		$ 9.0
Unrecognized pension and postretirement benefit expense, net of tax		(478.5)		(486.9)
Cumulative translation, net of tax		(992.5)		(945.4)
Total		$ (1,492.7)		$ (1,423.3)