BALANCE SHEETS INFORMATION (Tables)

3 Months Ended

Mar. 31, 2022

BALANCE SHEETS INFORMATION

Balance Sheet Information

	March 31		December 31
(millions)	2022		2021
Accounts receivable, net
Accounts receivable		$2,595.5		$2,549.9
Allowance for expected credit losses and other accruals		(87.3)		(71.5)
Total		$2,508.2		$2,478.4
Inventories
Finished goods		$1,039.5		$1,010.6
Raw materials and parts		687.5		596.1
Inventories at FIFO cost		1,727.0		1,606.7
FIFO cost to LIFO cost difference		(137.1)		(114.9)
Total		$1,589.9		$1,491.8
Other current assets
Prepaid assets		$155.7		$121.2
Taxes receivable		153.9		151.3
Derivative assets		65.6		61.4
Other		31.8		23.1
Total		$407.0		$357.0
Property, plant and equipment, net
Land		$167.7		$159.2
Buildings and leasehold improvements		1,145.1		1,134.1
Machinery and equipment		2,014.0		1,968.7
Merchandising and customer equipment		2,744.7		2,708.2
Capitalized software		906.0		884.6
Construction in progress		324.4		325.0
		7,301.9		7,179.8
Accumulated depreciation		(4,016.2)		(3,891.3)
Total		$3,285.7		$3,288.5
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		3,441.4		3,444.6
Trademarks		558.5		561.1
Patents		498.5		496.3
Other technology		522.9		527.2
		5,021.3		5,029.2
Accumulated amortization
Customer relationships		(1,494.6)		(1,440.9)
Trademarks		(178.0)		(170.3)
Patents		(277.1)		(269.3)
Other technology		(163.3)		(154.6)
		(2,113.0)		(2,035.1)
Net intangible assets subject to amortization		2,908.3		2,994.1
Total		$4,138.3		$4,224.1
Other assets
Deferred income taxes		$126.5		$120.6
Pension		134.7		114.6
Derivative asset		26.7		29.4
Other		284.0		281.4
Total		$571.9		$546.0

	March 31		December 31
(millions)	2022		2021
Other current liabilities
Discounts and rebates		$353.5		$341.1
Dividends payable		146.0		146.3
Interest payable		62.6		47.7
Taxes payable, other than income		129.8		154.2
Restructuring		29.3		39.1
Contract liability		96.8		91.7
Operating lease liabilities		111.2		115.1
Other		206.9		209.0
Total		$1,136.1		$1,144.2
Accumulated other comprehensive income (loss)
Unrealized gain (loss) on derivative financial instruments, net of tax		$0.3		$4.9
Unrecognized pension and postretirement benefit expense, net of tax		(619.1)		(632.8)
Cumulative translation, net of tax		(944.8)		(1,006.9)
Total		($1,563.6)		($1,634.8)