BALANCE SHEET INFORMATION

3 Months Ended

Mar. 31, 2024

BALANCE SHEET INFORMATION

BALANCE SHEET INFORMATION

4. BALANCE SHEETS INFORMATION

	March 31		December 31
(millions)	2024		2023
Accounts receivable, net
Accounts receivable		$2,939.1		$2,983.2
Allowance for expected credit losses and other accruals		(152.5)		(149.0)
Total		$2,786.6		$2,834.2
Inventories
Finished goods		$970.2		$911.4
Raw materials and parts		702.4		704.7
Inventories at FIFO cost		1,672.6		1,616.1
FIFO cost to LIFO cost difference		(106.7)		(118.9)
Total		$1,565.9		$1,497.2
Other current assets
Prepaid assets		$153.5		$143.9
Taxes receivable		169.3		186.9
Derivative assets		7.2		3.3
Other		49.3		59.1
Total		$379.3		$393.2
Property, plant and equipment, net
Land		$154.9		$155.6
Buildings and leasehold improvements		1,178.8		1,171.0
Machinery and equipment		2,146.7		2,113.8
Merchandising and customer equipment		2,817.7		2,758.4
Capitalized software		1,006.4		985.9
Construction in progress		454.1		470.1
		7,758.6		7,654.8
Accumulated depreciation		(4,307.5)		(4,180.2)
Total		$3,451.1		$3,474.6
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		3,374.8		3,385.1
Patents		505.2		503.6
Trademarks		404.4		406.5
Other technologies		551.0		551.2
		4,835.4		4,846.4
Accumulated amortization
Customer relationships		(1,850.9)		(1,805.0)
Patents		(326.3)		(319.4)
Trademarks		(244.6)		(238.0)
Other technologies		(230.0)		(220.5)
		(2,651.8)		(2,582.9)
Net intangible assets subject to amortization		2,183.6		2,263.5
Total		$3,413.6		$3,493.5
Other assets
Deferred income taxes		$122.0		$119.3
Pension		120.8		118.4
Derivative asset		26.5		23.6
Other		275.1		271.4
Total		$544.4		$532.7

	March 31		December 31
(millions)	2024		2023
Other current liabilities
Discounts and rebates		$442.1		$438.8
Dividends payable		163.0		162.7
Interest payable		64.6		68.5
Taxes payable, other than income		143.8		153.2
Derivative liability		1.2		3.7
Restructuring		48.8		48.9
Contract liability		118.0		110.9
Operating lease liabilities		130.1		126.1
Other		242.5		222.1
Total		$1,354.1		$1,334.9
Accumulated other comprehensive income (loss)
Unrealized gain (loss) on derivative financial instruments, net of tax		$1.0		($4.1)
Unrecognized pension and postretirement benefit expense, net of tax		(532.4)		(534.7)
Cumulative translation, net of tax		(1,349.8)		(1,311.6)
Total		($1,881.2)		($1,850.4)