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)