BALANCE SHEET INFORMATION (Tables)

9 Months Ended

Sep. 30, 2020

BALANCE SHEET INFORMATION

Balance Sheet Information

	September 30		December 31
(millions)	2020		2019
Accounts receivable, net
Accounts receivable		$2,408.9		$2,437.5
Allowance for doubtful accounts		(88.2)		(55.5)
Total		$2,320.7		$2,382.0
Inventories
Finished goods		$781.6		$668.5
Raw materials and parts		531.3		437.9
Inventories at FIFO cost		1,312.9		1,106.4
FIFO cost to LIFO cost difference		(25.1)		(24.8)
Total		$1,287.8		$1,081.6
Other current assets
Prepaid assets		$116.5		$101.8
Taxes receivable		184.9		107.0
Derivative assets		9.4		53.3
Other		38.0		33.1
Total		$348.8		$295.2
Property, plant and equipment, net
Land		$159.1		$158.9
Buildings and leasehold improvements		1,036.1		965.5
Machinery and equipment		1,865.9		1,701.7
Merchandising and customer equipment		2,744.4		2,742.9
Capitalized software		815.4		750.4
Construction in progress		250.7		348.1
		6,871.6		6,667.5
Accumulated depreciation		(3,725.4)		(3,439.2)
Total		$3,146.2		$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		2,516.4		2,378.9
Trademarks		347.8		285.2
Patents		490.0		459.0
Other technology		240.3		214.5
		3,594.5		3,337.6
Accumulated amortization
Customer relationships		(1,272.0)		(1,147.6)
Trademarks		(149.8)		(135.1)
Patents		(236.6)		(221.7)
Other technology		(142.7)		(135.7)
		(1,801.1)		(1,640.1)
Net intangible assets subject to amortization		1,793.4		1,697.5
Total		$3,023.4		$2,927.5
Other assets
Deferred income taxes		$155.6		$136.2
Pension		40.2		31.1
Derivative asset		-		25.4
Other		347.8		323.6
Total		$543.6		$516.3

	September 30		December 31
(millions)	2020		2019
Other current liabilities
Discounts and rebates		$321.5		$331.4
Dividends payable		134.2		135.6
Interest payable		50.9		40.9
Taxes payable, other than income		162.7		102.9
Derivative liabilities		54.3		5.2
Restructuring		89.3		98.5
Contract liability		84.6		76.7
Operating lease liabilities		124.4		122.1
Other		219.5		197.4
Total		$1,241.4		$1,110.7
Accumulated other comprehensive loss
Unrealized gain (loss) on derivative financial instruments, net of tax		$(18.2)		$(4.1)
Unrecognized pension and postretirement benefit expense, net of tax		(811.8)		(823.8)
Cumulative translation, net of tax		(1,115.9)		(1,261.8)
Total		$(1,945.9)		$(2,089.7)