BALANCE SHEET INFORMATION

12 Months Ended

Dec. 31, 2016

BALANCE SHEET INFORMATION

BALANCE SHEET INFORMATION

5. BALANCE SHEET INFORMATION

	December 31		December 31
(millions)	2016		2015
Accounts receivable, net
Accounts receivable		$ 2,408.8		$ 2,465.5
Allowance for doubtful accounts		(67.6)		(75.3)
Total		$ 2,341.2		$ 2,390.2
Inventories
Finished goods		$ 860.0		$ 886.5
Raw materials and parts		408.4		440.9
Inventories at FIFO cost		1,268.4		1,327.4
FIFO cost to LIFO cost difference		51.0		60.8
Total		$ 1,319.4		$ 1,388.2
Other current assets
Prepaid assets		$ 98.3		$ 94.6
Taxes receivable		105.0		137.6
Derivative assets		46.3		58.7
Other		41.8		35.4
Total		$ 291.4		$ 326.3
Property, plant and equipment, net
Land		$ 211.0		$ 223.7
Buildings and leasehold improvements		1,121.2		996.0
Machinery and equipment		2,035.8		1,896.7
Merchandising and customer equipment		2,199.4		1,988.1
Capitalized software		531.1		479.9
Construction in progress		344.1		371.1
		6,442.6		5,955.5
Accumulated depreciation		(3,077.6)		(2,727.2)
Total		$ 3,365.0		$ 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		$ 3,206.1		$ 3,232.3
Trademarks		303.3		303.6
Patents		446.5		433.4
Other technology		210.5		213.5
		4,166.4		4,182.8
Accumulated amortization
Customer relationships		(1,148.2)		(945.1)
Trademarks		(125.2)		(104.7)
Patents		(157.3)		(129.0)
Other technology		(147.9)		(124.8)
		(1,578.6)		(1,303.6)
Net intangible assets subject to amortization		2,587.8		2,879.2
Total		$ 3,817.8		$ 4,109.2
Other assets
Deferred income taxes		$ 92.3		$ 58.3
Pension		27.2		28.0
Derivative assets		21.5		42.7
Restricted cash		53.0		-
Other		291.0		236.9
Total		$ 485.0		$ 365.9

	December 31		December 31
(millions)	2016		2015
Other current liabilities
Discounts and rebates		$ 275.2		$ 270.5
Dividends payable		108.0		103.6
Interest payable		37.3		24.2
Taxes payable, other than income		103.7		110.5
Derivative liabilities		24.6		31.5
Restructuring		30.5		73.9
Other		311.9		334.1
Total		$ 891.2		$ 948.3
Accumulated other comprehensive loss
Unrealized gain (loss) on derivative financial instruments, net of tax		$ (8.5)		$ 9.0
Unrecognized pension and postretirement benefit expense, net of tax		(511.4)		(486.9)
Cumulative translation, net of tax		(1,193.0)		(945.4)
Total		$ (1,712.9)		$ (1,423.3)