BALANCE SHEET INFORMATION

9 Months Ended

Sep. 30, 2018

BALANCE SHEET INFORMATION

BALANCE SHEET INFORMATION

4. BALANCE SHEET INFORMATION

	September 30		December 31
(millions)	2018		2017
Accounts receivable, net
Accounts receivable		$2,721.7		$2,642.9
Allowance for doubtful accounts		(69.0)		(71.5)
Total		$2,652.7		$2,571.4
Inventories
Finished goods		$1,061.8		$974.9
Raw materials and parts		513.9		438.7
Inventories at FIFO cost		1,575.7		1,413.6
FIFO cost to LIFO cost difference		12.2		32.9
Total		$1,587.9		$1,446.5
Other current assets
Prepaid assets		$133.2		$153.5
Taxes receivable		174.5		129.2
Derivative assets		33.2		28.8
Other		37.2		53.5
Total		$378.1		$365.0
Property, plant and equipment, net
Land		$214.7		$224.1
Buildings and leasehold improvements		1,249.0		1,207.4
Machinery and equipment		2,345.9		2,280.9
Merchandising and customer equipment		2,550.3		2,399.4
Capitalized software		653.1		585.8
Construction in progress		443.6		438.7
		7,456.6		7,136.3
Accumulated depreciation		(3,678.6)		(3,429.2)
Total		$3,778.0		$3,707.1
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		3,620.3		3,620.3
Trademarks		382.0		380.6
Patents		467.7		462.7
Other technology		236.7		232.6
		4,706.7		4,696.2
Accumulated amortization
Customer relationships		(1,560.2)		(1,403.8)
Trademarks		(168.6)		(147.6)
Patents		(201.1)		(187.9)
Other technology		(186.4)		(169.3)
		(2,116.3)		(1,908.6)
Net intangible assets subject to amortization		2,590.4		2,787.6
Total		$3,820.4		$4,017.6
Other assets
Deferred income taxes		$98.5		$105.4
Pension		48.6		41.7
Other		316.4		330.3
Total		$463.5		$477.4

	September 30		December 31
(millions)	2018		2017
Other current liabilities
Discounts and rebates		$292.0		$267.2
Dividends payable		118.4		118.6
Interest payable		71.4		50.7
Taxes payable, other than income		102.4		129.9
Derivative liabilities		23.7		62.2
Restructuring		93.2		36.0
Contract liability		81.9		79.0
Other		263.6		257.1
Total		$1,046.6		$1,000.7
Accumulated other comprehensive loss
Unrealized loss on derivative financial instruments, net of tax		$(0.1)		$(26.4)
Unrecognized pension and postretirement benefit expense, net of tax		(517.2)		(555.8)
Cumulative translation, net of tax		(1,248.1)		(1,061.2)
Total		$(1,765.4)		$(1,643.4)