BALANCE SHEETS INFORMATION

9 Months Ended

Sep. 30, 2022

BALANCE SHEETS INFORMATION

BALANCE SHEETS INFORMATION

4. BALANCE SHEETS INFORMATION

	September 30		December 31
(millions)	2022		2021
Accounts receivable, net
Accounts receivable		$2,820.3		$2,549.9
Allowance for expected credit losses and other accruals		(106.0)		(71.5)
Total		$2,714.3		$2,478.4
Inventories
Finished goods		$1,079.4		$1,010.6
Raw materials and parts		853.5		596.1
Inventories at FIFO cost		1,932.9		1,606.7
FIFO cost to LIFO cost difference		(130.2)		(114.9)
Total		$1,802.7		$1,491.8
Other current assets
Prepaid assets		$129.3		$121.2
Taxes receivable		166.1		151.3
Derivative assets		121.2		61.4
Other		52.8		23.1
Total		$469.4		$357.0
Property, plant and equipment, net
Land		$160.5		$159.2
Buildings and leasehold improvements		1,122.0		1,134.1
Machinery and equipment		1,955.9		1,968.7
Merchandising and customer equipment		2,718.1		2,708.2
Capitalized software		960.3		884.6
Construction in progress		360.8		325.0
		7,277.6		7,179.8
Accumulated depreciation		(4,016.7)		(3,891.3)
Total		$3,260.9		$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		3,301.6		3,444.6
Trademarks		550.5		561.1
Patents		500.5		496.3
Other technology		519.8		527.2
		4,872.4		5,029.2
Accumulated amortization
Customer relationships		(1,523.7)		(1,440.9)
Trademarks		(194.2)		(170.3)
Patents		(291.9)		(269.3)
Other technology		(177.6)		(154.6)
		(2,187.4)		(2,035.1)
Net intangible assets subject to amortization		2,685.0		2,994.1
Total		$3,915.0		$4,224.1
Other assets
Deferred income taxes		$115.9		$120.6
Pension		92.2		114.6
Derivative asset		114.2		29.4
Other		271.1		281.4
Total		$593.4		$546.0

	September 30		December 31
(millions)	2022		2021
Other current liabilities
Discounts and rebates		$356.5		$341.1
Dividends payable		145.3		146.3
Interest payable		54.0		47.7
Taxes payable, other than income		149.1		154.2
Derivative liability		3.3		-
Restructuring		18.6		39.1
Contract liability		109.1		91.7
Operating lease liabilities		108.6		115.1
Other		200.9		209.0
Total		$1,145.4		$1,144.2
Accumulated other comprehensive income (loss)
Unrealized gain (loss) on derivative financial instruments, net of tax		$18.0		$4.9
Unrecognized pension and postretirement benefit expense, net of tax		(653.4)		(632.8)
Cumulative translation, net of tax		(1,195.1)		(1,006.9)
Total		($1,830.5)		($1,634.8)