BALANCE SHEET INFORMATION (Tables)

12 Months Ended

Dec. 31, 2018

BALANCE SHEET INFORMATION

Balance Sheet Information

	December 31		December 31
(millions)	2018		2017
Accounts receivable, net
Accounts receivable		$2,723.1		$2,642.9
Allowance for doubtful accounts		(60.6)		(71.5)
Total		$2,662.5		$2,571.4
Inventories
Finished goods		$1,016.9		$974.9
Raw materials and parts		525.6		438.7
Inventories at FIFO cost		1,542.5		1,413.6
FIFO cost to LIFO cost difference		3.9		32.9
Total		$1,546.4		$1,446.5
Other current assets
Prepaid assets		$132.1		$153.5
Taxes receivable		144.2		129.2
Derivative assets		42.8		28.8
Other		35.0		53.5
Total		$354.1		$365.0
Property, plant and equipment, net
Land		$214.5		$224.1
Buildings and leasehold improvements		1,279.4		1,207.4
Machinery and equipment		2,313.7		2,280.9
Merchandising and customer equipment		2,565.5		2,399.4
Capitalized software		666.2		585.8
Construction in progress		400.2		438.7
		7,439.5		7,136.3
Accumulated depreciation		(3,603.5)		(3,429.2)
Total		$3,836.0		$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		3,649.3		3,620.3
Trademarks		384.9		380.6
Patents		470.2		462.7
Other technology		242.8		232.6
		4,747.2		4,696.2
Accumulated amortization
Customer relationships		(1,604.0)		(1,403.8)
Trademarks		(175.2)		(147.6)
Patents		(207.3)		(187.9)
Other technology		(193.0)		(169.3)
		(2,179.5)		(1,908.6)
Net intangible assets subject to amortization		2,567.7		2,787.6
Total		$3,797.7		$4,017.6
Other assets
Deferred income taxes		$105.1		$105.4
Pension		39.0		41.7
Derivative asset		11.8		-
Restricted cash		179.3		-
Other		349.9		330.3
Total		$685.1		$477.4

	December 31		December 31
(millions)	2018		2017
Other current liabilities
Discounts and rebates		$291.3		$267.2
Dividends payable		132.4		118.6
Interest payable		44.5		50.7
Taxes payable, other than income		116.9		129.9
Derivative liabilities		20.1		62.2
Restructuring		73.7		36.0
Contract liability		75.8		79.0
Other		251.4		257.1
Total		$1,006.1		$1,000.7
Accumulated other comprehensive loss
Unrealized gain (loss) on derivative financial instruments, net of tax		$2.0		$(26.4)
Unrecognized pension and postretirement benefit expense, net of tax		(518.9)		(555.8)
Cumulative translation, net of tax		(1,244.8)		(1,061.2)
Total		$(1,761.7)		$(1,643.4)