BALANCE SHEETS INFORMATION (Tables)

9 Months Ended

Sep. 30, 2023

BALANCE SHEETS INFORMATION

Balance Sheet Information

	September 30		December 31
(millions)	2023		2022
Accounts receivable, net
Accounts receivable		$2,983.1		$2,829.0
Allowance for expected credit losses and other accruals		(159.6)		(130.9)
Total		$2,823.5		$2,698.1
Inventories
Finished goods		$967.7		$1,122.7
Raw materials and parts		785.7		849.2
Inventories at FIFO cost		1,753.4		1,971.9
FIFO cost to LIFO cost difference		(217.4)		(179.1)
Total		$1,536.0		$1,792.8
Other current assets
Prepaid assets		$137.7		$123.9
Taxes receivable		194.6		184.1
Derivative assets		44.6		57.5
Other		51.7		39.2
Total		$428.6		$404.7
Property, plant and equipment, net
Land		$155.3		$161.3
Buildings and leasehold improvements		1,160.5		1,126.9
Machinery and equipment		2,057.6		1,966.3
Merchandising and customer equipment		2,726.7		2,635.5
Capitalized software		961.0		962.1
Construction in progress		379.9		403.8
		7,441.0		7,255.9
Accumulated depreciation		(4,108.2)		(3,962.5)
Total		$3,332.8		$3,293.4
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		3,352.6		3,292.8
Patents		504.9		497.0
Trademarks		406.2		404.0
Other technologies		539.9		518.8
		4,803.6		4,712.6
Accumulated amortization
Customer relationships		(1,749.2)		(1,581.7)
Patents		(315.5)		(292.3)
Trademarks		(229.1)		(202.5)
Other technologies		(211.2)		(185.4)
		(2,505.0)		(2,261.9)
Net intangible assets subject to amortization		2,298.6		2,450.7
Total		$3,528.6		$3,680.7
Other assets
Deferred income taxes		$115.6		$108.1
Pension		153.1		118.4
Derivative asset		36.5		44.5
Other		267.7		264.1
Total		$572.9		$535.1

	September 30		December 31
(millions)	2023		2022
Other current liabilities
Discounts and rebates		$411.4		$357.8
Dividends payable		151.1		150.8
Interest payable		58.5		58.7
Taxes payable, other than income		161.5		162.9
Derivative liability		0.1		21.9
Restructuring		69.3		100.6
Contract liability		105.5		116.5
Operating lease liabilities		119.1		108.3
Other		208.5		208.4
Total		$1,285.0		$1,285.9
Accumulated other comprehensive income (loss)
Unrealized (loss) gain on derivative financial instruments, net of tax		($2.4)		$3.7
Unrecognized pension and postretirement benefit expense, net of tax		(474.7)		(467.4)
Cumulative translation, net of tax		(1,324.3)		(1,262.9)
Total		($1,801.4)		($1,726.6)