BALANCE SHEET INFORMATION

12 Months Ended

Dec. 31, 2019

BALANCE SHEET INFORMATION

6. BALANCE SHEET INFORMATION

	December 31		December 31
(millions)	2019		2018
Accounts receivable, net
Accounts receivable		$2,437.5		$2,262.6
Allowance for doubtful accounts		(55.5)		(52.4)
Total		$2,382.0		$2,210.2
Inventories
Finished goods		$668.5		$715.4
Raw materials and parts		437.9		409.1
Inventories at FIFO cost		1,106.4		1,124.5
FIFO cost to LIFO cost difference		(24.8)		(20.5)
Total		$1,081.6		$1,104.0
Other current assets
Prepaid assets		$101.8		$113.2
Taxes receivable		107.0		120.2
Derivative assets		53.3		41.8
Other		33.1		34.2
Total		$295.2		$309.4
Property, plant and equipment, net
Land		$158.9		$156.9
Buildings and leasehold improvements		965.5		912.7
Machinery and equipment		1,701.7		1,559.1
Merchandising and customer equipment		2,742.9		2,525.9
Capitalized software		750.4		643.2
Construction in progress		348.1		329.5
		6,667.5		6,127.3
Accumulated depreciation		(3,439.2)		(3,040.2)
Total		$3,228.3		$3,087.1
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		2,378.9		2,283.6
Trademarks		285.2		260.2
Patents		459.0		451.7
Other technology		214.5		160.2
		3,337.6		3,155.7
Accumulated amortization
Customer relationships		(1,147.6)		(1,013.1)
Trademarks		(135.1)		(115.8)
Patents		(221.7)		(197.6)
Other technology		(135.7)		(119.6)
		(1,640.1)		(1,446.1)
Net intangible assets subject to amortization		1,697.5		1,709.6
Total		$2,927.5		$2,939.6
Other assets
Deferred income taxes		$136.2		$96.2
Pension		31.1		39.0
Derivative asset		25.4		11.8
Restricted cash		-		179.3
Other		323.6		308.6
Total		$516.3		$634.9

	December 31		December 31
(millions)	2019		2018
Other current liabilities
Discounts and rebates		$331.4		$291.3
Dividends payable		135.6		132.4
Interest payable		40.9		44.5
Taxes payable, other than income		102.9		105.8
Derivative liabilities		5.2		19.1
Restructuring		98.5		70.5
Contract liability		76.7		67.7
Operating lease liabilities		122.1		-
Other		197.4		214.6
Total		$1,110.7		$945.9
Accumulated other comprehensive loss
Unrealized gain (loss) on derivative financial instruments, net of tax		$(4.1)		$2.0
Unrecognized pension and postretirement benefit expense, net of tax		(823.8)		(518.9)
Cumulative translation, net of tax		(1,261.8)		(1,244.8)
Total		$(2,089.7)		$(1,761.7)