BALANCE SHEET INFORMATION (Tables)

3 Months Ended

Mar. 31, 2020

BALANCE SHEET INFORMATION

Balance Sheet Information

	March 31		December 31
(millions)	2020		2019
Accounts receivable, net
Accounts receivable		$2,931.8		$2,858.5
Allowance for doubtful accounts		(75.9)		(62.0)
Total		$2,855.9		$2,796.5
Inventories
Finished goods		$976.3		$936.5
Raw materials and parts		543.2		559.8
Inventories at FIFO cost		1,519.5		1,496.3
FIFO cost to LIFO cost difference		10.2		9.3
Total		$1,529.7		$1,505.6
Other current assets
Prepaid assets		$148.9		$118.8
Taxes receivable		150.2		133.7
Derivative assets		57.1		54.3
Other		33.4		33.1
Total		$389.6		$339.9
Property, plant and equipment, net
Land		$213.8		$215.1
Buildings and leasehold improvements		1,365.5		1,363.1
Machinery and equipment		2,487.5		2,467.8
Merchandising and customer equipment		2,807.1		2,787.8
Capitalized software		816.3		779.7
Construction in progress		379.5		406.7
		8,069.7		8,020.2
Accumulated depreciation		(4,149.0)		(4,065.3)
Total		$3,920.7		$3,954.9
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		3,735.8		3,742.1
Trademarks		409.8		409.9
Patents		478.3		479.4
Other technology		291.4		297.2
		4,915.3		4,928.6
Accumulated amortization
Customer relationships		(1,893.7)		(1,835.9)
Trademarks		(211.8)		(205.1)
Patents		(231.3)		(231.6)
Other technology		(216.6)		(213.5)
		(2,553.4)		(2,486.1)
Net intangible assets subject to amortization		2,361.9		2,442.5
Total		$3,591.9		$3,672.5
Other assets
Deferred income taxes		$153.9		$155.6
Pension		33.7		31.1
Derivative asset		43.1		25.4
Other		369.2		372.0
Total		$599.9		$584.1

	March 31		December 31
(millions)	2020		2019
Other current liabilities
Discounts and rebates		$339.1		$331.4
Dividends payable		135.9		135.6
Interest payable		69.4		40.9
Taxes payable, other than income		128.5		113.4
Derivative liabilities		5.1		5.8
Restructuring		91.0		107.1
Contract liability		88.3		84.7
Operating lease liabilities		152.5		153.2
Other		275.5		251.3
Total		$1,285.3		$1,223.4
Accumulated other comprehensive loss
Unrealized gain (loss) on derivative financial instruments, net of tax		$(1.2)		$(4.1)
Unrecognized pension and postretirement benefit expense, net of tax		(810.9)		(823.8)
Cumulative translation, net of tax		(1,301.6)		(1,261.8)
Total		$(2,113.7)		$(2,089.7)