XML 39 R29.htm IDEA: XBRL DOCUMENT v3.22.2
BALANCE SHEETS INFORMATION (Tables)
6 Months Ended
Jun. 30, 2022
BALANCE SHEETS INFORMATION  
Balance Sheet Information

June 30

December 31

(millions)

    

2022

2021

Accounts receivable, net

Accounts receivable

$2,765.8

$2,549.9

Allowance for expected credit losses and other accruals

(97.8)

(71.5)

Total

$2,668.0

$2,478.4

Inventories

Finished goods

$1,101.8

$1,010.6

Raw materials and parts

743.0

596.1

Inventories at FIFO cost

1,844.8

1,606.7

FIFO cost to LIFO cost difference

(124.1)

(114.9)

Total

$1,720.7

$1,491.8

Other current assets

Prepaid assets

$133.0

$121.2

Taxes receivable

158.7

151.3

Derivative assets

62.6

61.4

Other

37.1

23.1

Total

$391.4

$357.0

Property, plant and equipment, net

Land

$164.6

$159.2

Buildings and leasehold improvements

1,131.2

1,134.1

Machinery and equipment

1,975.2

1,968.7

Merchandising and customer equipment

2,743.1

2,708.2

Capitalized software

927.0

884.6

Construction in progress

358.0

325.0

7,299.1

7,179.8

Accumulated depreciation

(4,035.1)

(3,891.3)

Total

$3,264.0

$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

3,376.3

3,444.6

Trademarks

563.6

561.1

Patents

500.0

496.3

Other technology

519.7

527.2

4,959.6

5,029.2

Accumulated amortization

Customer relationships

(1,518.9)

(1,440.9)

Trademarks

(185.3)

(170.3)

Patents

(284.4)

(269.3)

Other technology

(170.4)

(154.6)

(2,159.0)

(2,035.1)

Net intangible assets subject to amortization

2,800.6

2,994.1

Total

$4,030.6

$4,224.1

Other assets

Deferred income taxes

$117.3

$120.6

Pension

146.7

114.6

Derivative asset

87.1

29.4

Other

276.2

281.4

Total

$627.3

$546.0

June 30

December 31

(millions)

    

2022

2021

Other current liabilities

Discounts and rebates

$356.2

$341.1

Dividends payable

145.4

146.3

Interest payable

63.2

47.7

Taxes payable, other than income

155.9

154.2

Derivative liability

3.5

-

Restructuring

24.4

39.1

Contract liability

99.1

91.7

Operating lease liabilities

109.3

115.1

Other

197.5

209.0

Total

$1,154.5

$1,144.2

Accumulated other comprehensive income (loss)

Unrealized gain (loss) on derivative financial instruments, net of tax

$6.4

$4.9

Unrecognized pension and postretirement benefit expense, net of tax

(591.1)

(632.8)

Cumulative translation, net of tax

(1,033.2)

(1,006.9)

Total

($1,617.9)

($1,634.8)