BALANCE SHEET INFORMATION (Tables)

3 Months Ended

Mar. 31, 2019

BALANCE SHEET INFORMATION

Balance Sheet Information

	March 31		December 31
(millions)	2019		2018
Accounts receivable, net
Accounts receivable		$2,750.0		$2,723.1
Allowance for doubtful accounts		(58.4)		(60.6)
Total		$2,691.6		$2,662.5
Inventories
Finished goods		$1,080.0		$1,016.9
Raw materials and parts		570.7		525.6
Inventories at FIFO cost		1,650.7		1,542.5
FIFO cost to LIFO cost difference		(5.1)		3.9
Total		$1,645.6		$1,546.4
Other current assets
Prepaid assets		$136.5		$132.1
Taxes receivable		140.0		144.2
Derivative assets		28.5		42.8
Other		29.8		35.0
Total		$334.8		$354.1
Property, plant and equipment, net
Land		$216.1		$214.5
Buildings and leasehold improvements		1,308.6		1,279.4
Machinery and equipment		2,402.2		2,313.7
Merchandising and customer equipment		2,648.0		2,565.5
Capitalized software		674.8		666.2
Construction in progress		417.8		400.2
		7,667.5		7,439.5
Accumulated depreciation		(3,788.9)		(3,603.5)
Total		$3,878.6		$3,836.0
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		3,745.9		3,649.3
Trademarks		406.1		384.9
Patents		475.4		470.2
Other technology		289.5		242.8
		4,916.9		4,747.2
Accumulated amortization
Customer relationships		(1,674.4)		(1,604.0)
Trademarks		(182.7)		(175.2)
Patents		(214.4)		(207.3)
Other technology		(198.1)		(193.0)
		(2,269.6)		(2,179.5)
Net intangible assets subject to amortization		2,647.3		2,567.7
Total		$3,877.3		$3,797.7
Other assets
Deferred income taxes		$108.0		$105.1
Pension		43.0		39.0
Derivative asset		13.2		11.8
Restricted cash		-		179.3
Other		361.4		349.9
Total		$525.6		$685.1

	March 31		December 31
(millions)	2019		2018
Other current liabilities
Discounts and rebates		$303.5		$291.3
Dividends payable		132.7		132.4
Interest payable		71.1		44.5
Taxes payable, other than income		107.2		116.9
Derivative liabilities		15.5		20.1
Restructuring		89.6		73.7
Contract liability		85.4		75.8
Operating lease liabilities		159.1		-
Other		254.1		251.4
Total		$1,218.2		$1,006.1
Accumulated other comprehensive loss
Unrealized gain (loss) on derivative financial instruments, net of tax		$(6.3)		$2.0
Unrecognized pension and postretirement benefit expense, net of tax		(581.4)		(518.9)
Cumulative translation, net of tax		(1,147.2)		(1,244.8)
Total		$(1,734.9)		$(1,761.7)