BALANCE SHEET INFORMATION (Tables)

3 Months Ended

Mar. 31, 2025

BALANCE SHEET INFORMATION

Balance Sheet Information

	March 31		December 31
(millions)	2025		2024
Accounts receivable, net
Accounts receivable		$2,975.8		$2,987.5
Allowance for expected credit losses and other accruals		(118.7)		(122.5)
Total		$2,857.1		$2,865.0
Inventories
Finished goods		$1,020.7		$962.2
Raw materials and parts		623.0		607.4
Inventories at FIFO cost		1,643.7		1,569.6
FIFO cost to LIFO cost difference		(96.5)		(104.7)
Total		$1,547.2		$1,464.9
Other current assets
Prepaid assets		$197.5		$151.4
Taxes receivable		165.2		163.3
Derivative assets		12.8		13.4
Other		138.7		110.9
Total		$514.2		$439.0
Property, plant and equipment, net
Land		$143.3		$144.5
Buildings and leasehold improvements		1,163.2		1,152.8
Machinery and equipment		2,257.7		2,248.5
Dispensing and monitoring equipment(1)		2,969.8		2,925.3
Capitalized software		1,115.4		1,037.8
Construction in progress		653.6		679.3
		8,303.0		8,188.2
Accumulated depreciation		(4,527.2)		(4,435.8)
Total		$3,775.8		$3,752.4
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		3,264.2		3,279.8
Patents		506.1		504.6
Trademarks		370.7		371.9
Other technologies		540.3		541.8
		4,681.3		4,698.1
Accumulated amortization
Customer relationships		($1,854.8)		($1,814.1)
Patents		(347.1)		(340.6)
Trademarks		(244.0)		(236.3)
Other technologies		(236.7)		(228.3)
		(2,682.6)		(2,619.3)
Net intangible assets subject to amortization		1,998.7		2,078.8
Total		$3,228.7		$3,308.8
Other assets
Deferred income taxes		$153.1		$155.5
Pension		152.4		151.0
Derivative asset		33.8		45.1
Other		326.3		318.8
Total		$665.6		$670.4

(1) Dispensing and monitoring equipment was previously referred to as merchandising and customer equipment.

	March 31		December 31
(millions)	2025		2024
Other current liabilities
Discounts and rebates		$429.9		$452.2
Dividends payable		184.4		184.2
Interest payable		62.8		62.6
Taxes payable, other than income		161.8		171.8
Derivative liability		2.6		3.0
Restructuring		93.4		71.6
Contract liability		110.6		102.0
Operating lease liabilities		147.3		142.3
Other		318.0		323.0
Total		$1,510.8		$1,512.7
Accumulated other comprehensive income (loss)
Unrealized gain (loss) on derivative financial instruments, net of tax		$7.9		$4.6
Unrecognized pension and postretirement benefit expense, net of tax		(535.4)		(538.4)
Cumulative translation, net of tax		(1,536.7)		(1,448.2)
Total		($2,064.2)		($1,982.0)