BALANCE SHEET INFORMATION

6 Months Ended

Jun. 30, 2020

BALANCE SHEET INFORMATION

BALANCE SHEET INFORMATION

5. BALANCE SHEET INFORMATION

	June 30		December 31
(millions)	2020		2019
Accounts receivable, net
Accounts receivable		$2,341.8		$2,437.5
Allowance for doubtful accounts		(86.3)		(55.5)
Total		$2,255.5		$2,382.0
Inventories
Finished goods		$750.0		$668.5
Raw materials and parts		503.9		437.9
Inventories at FIFO cost		1,253.9		1,106.4
FIFO cost to LIFO cost difference		(25.2)		(24.8)
Total		$1,228.7		$1,081.6
Other current assets
Prepaid assets		$127.1		$101.8
Taxes receivable		124.6		107.0
Derivative assets		35.7		53.3
Other		25.6		33.1
Total		$313.0		$295.2
Property, plant and equipment, net
Land		$155.1		$158.9
Buildings and leasehold improvements		1,008.5		965.5
Machinery and equipment		1,814.3		1,701.7
Merchandising and customer equipment		2,701.3		2,742.9
Capitalized software		825.9		750.4
Construction in progress		267.4		348.1
		6,772.5		6,667.5
Accumulated depreciation		(3,633.6)		(3,439.2)
Total		$3,138.9		$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		2,438.5		2,378.9
Trademarks		342.0		285.2
Patents		483.1		459.0
Other technology		235.3		214.5
		3,498.9		3,337.6
Accumulated amortization
Customer relationships		(1,199.8)		(1,147.6)
Trademarks		(143.3)		(135.1)
Patents		(228.5)		(221.7)
Other technology		(138.1)		(135.7)
		(1,709.7)		(1,640.1)
Net intangible assets subject to amortization		1,789.2		1,697.5
Total		$3,019.2		$2,927.5
Other assets
Deferred income taxes		$141.1		$136.2
Pension		35.1		31.1
Derivative asset		42.6		25.4
Other		339.5		323.6
Total		$558.3		$516.3

	June 30		December 31
(millions)	2020		2019
Other current liabilities
Discounts and rebates		$285.1		$331.4
Dividends payable		134.1		135.6
Interest payable		52.2		40.9
Taxes payable, other than income		132.0		102.9
Derivative liabilities		6.3		5.2
Restructuring		74.3		98.5
Contract liability		74.0		76.7
Operating lease liabilities		122.8		122.1
Other		206.4		197.4
Total		$1,087.2		$1,110.7
Accumulated other comprehensive loss
Unrealized gain (loss) on derivative financial instruments, net of tax		$0.9		$(4.1)
Unrecognized pension and postretirement benefit expense, net of tax		(793.3)		(823.8)
Cumulative translation, net of tax		(1,197.3)		(1,261.8)
Total		$(1,989.7)		$(2,089.7)