BALANCE SHEET INFORMATION

9 Months Ended

Sep. 30, 2016

BALANCE SHEET INFORMATION

BALANCE SHEET INFORMATION

4. BALANCE SHEET INFORMATION

	September 30		December 31
(millions)	2016		2015
Accounts receivable, net
Accounts receivable		$ 2,424.5		$ 2,465.5
Allowance for doubtful accounts		(74.9)		(75.3)
Total		$ 2,349.6		$ 2,390.2
Inventories
Finished goods		$ 910.4		$ 929.6
Raw materials and parts		415.1		440.9
Inventories at FIFO cost		1,325.5		1,370.5
FIFO cost to LIFO cost difference		16.9		17.7
Total		$ 1,342.4		$ 1,388.2
Other current assets
Prepaid assets		$ 111.4		$ 94.6
Taxes receivable		120.8		137.6
Derivative assets		25.3		58.7
Other		41.9		35.4
Total		$ 299.4		$ 326.3
Property, plant and equipment, net
Land		$ 216.1		$ 223.7
Buildings and leasehold improvements		1,086.3		996.0
Machinery and equipment		1,990.0		1,896.7
Merchandising and customer equipment		2,212.2		1,988.1
Capitalized software		506.0		479.9
Construction in progress		355.6		371.1
		6,366.2		5,955.5
Accumulated depreciation		(3,073.3)		(2,727.2)
Total		$ 3,292.9		$ 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		$ 3,256.5		$ 3,232.3
Trademarks		303.8		303.6
Patents		442.3		433.4
Other technology		209.8		213.5
		4,212.4		4,182.8
Accumulated amortization
Customer relationships		(1,115.6)		(945.1)
Trademarks		(120.2)		(104.7)
Patents		(150.3)		(129.0)
Other technology		(142.0)		(124.8)
		(1,528.1)		(1,303.6)
Net intangible assets subject to amortization		2,684.3		2,879.2
Total		$ 3,914.3		$ 4,109.2
Other assets
Deferred income taxes		$ 95.7		$ 58.3
Pension		34.5		28.0
Derivative assets		5.6		42.7
Restricted cash		55.8		-
Other		292.5		236.9
Total		$ 484.1		$ 365.9

	September 30		December 31
(millions)	2016		2015
Other current liabilities
Discounts and rebates		$ 287.1		$ 270.5
Dividends payable		102.0		103.6
Interest payable		70.3		24.2
Taxes payable, other than income		114.0		110.5
Derivative liabilities		44.3		31.5
Restructuring		43.2		73.9
Other		330.1		334.1
Total		$ 991.0		$ 948.3
Accumulated other comprehensive loss
Unrealized gain (loss) on derivative financial instruments, net of tax		$ (31.2)		$ 9.0
Unrecognized pension and postretirement benefit expense, net of tax		(435.4)		(486.9)
Cumulative translation, net of tax		(985.7)		(945.4)
Total		$ (1,452.3)		$ (1,423.3)