BALANCE SHEET INFORMATION (Tables)

9 Months Ended

Sep. 30, 2024

BALANCE SHEET INFORMATION

Balance Sheet Information

	September 30		December 31
(millions)	2024		2023
Accounts receivable, net
Accounts receivable		$3,021.3		$2,983.2
Allowance for expected credit losses and other accruals		(138.3)		(149.0)
Total		$2,883.0		$2,834.2
Inventories
Finished goods		$1,007.9		$911.4
Raw materials and parts		663.0		704.7
Inventories at FIFO cost		1,670.9		1,616.1
FIFO cost to LIFO cost difference		(98.5)		(118.9)
Total		$1,572.4		$1,497.2
Other current assets
Prepaid assets		$145.6		$143.9
Taxes receivable		148.0		186.9
Derivative assets		3.1		3.3
Other		105.1		59.1
Total		$401.8		$393.2
Property, plant and equipment, net
Land		$155.9		$155.6
Buildings and leasehold improvements		1,151.1		1,171.0
Machinery and equipment		2,166.0		2,113.8
Merchandising and customer equipment		2,894.5		2,758.4
Capitalized software		1,005.1		985.9
Construction in progress		579.9		470.1
		7,952.5		7,654.8
Accumulated depreciation		(4,407.0)		(4,180.2)
Total		$3,545.5		$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		3,229.2		3,385.1
Patents		506.7		503.6
Trademarks		371.7		406.5
Other technologies		525.7		551.2
		4,633.3		4,846.4
Accumulated amortization
Customer relationships		(1,794.3)		(1,805.0)
Patents		(337.3)		(319.4)
Trademarks		(229.9)		(238.0)
Other technologies		(219.7)		(220.5)
		(2,581.2)		(2,582.9)
Net intangible assets subject to amortization		2,052.1		2,263.5
Total		$3,282.1		$3,493.5
Other assets
Deferred income taxes		$120.7		$119.3
Pension		130.2		118.4
Derivative asset		22.3		23.6
Other		295.6		271.4
Total		$568.8		$532.7

	September 30		December 31
(millions)	2024		2023
Other current liabilities
Discounts and rebates		$437.1		$438.8
Dividends payable		161.4		162.7
Interest payable		56.0		68.5
Taxes payable, other than income		160.6		153.2
Derivative liability		4.6		3.7
Restructuring		36.3		48.9
Contract liability		103.9		110.9
Operating lease liabilities		136.7		126.1
Other		317.2		222.1
Total		$1,413.8		$1,334.9
Accumulated other comprehensive income (loss)
Unrealized (loss) gain on derivative financial instruments, net of tax		($5.0)		($4.1)
Unrecognized pension and postretirement benefit expense, net of tax		(533.9)		(534.7)
Cumulative translation, net of tax		(1,314.9)		(1,311.6)
Total		($1,853.8)		($1,850.4)