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SUPPLEMENTAL FINANCIAL INFORMATION (Tables)
12 Months Ended
Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Inventories
Inventories at year-end were as follows:
(In millions)20222021
Raw materials$457.6 $393.6 
Work-in-progress255.1 233.1 
Finished goods297.2 280.5 
Inventories$1,009.9 $907.2 
Schedule of Property, Plant and Equipment
Major classes of property, plant and equipment, stated at cost, at year-end were as follows:
(In millions)20222021
Land$29.3 $28.6 
Buildings and improvements781.0 777.6 
Machinery and equipment2,667.8 2,582.2 
Construction-in-progress269.6 237.8 
Property, plant and equipment3,747.7 3,626.2 
Accumulated depreciation(2,207.5)(2,148.5)
Property, plant and equipment, net$1,540.2 $1,477.7 
Schedule of Capitalized Software Costs
Capitalized software costs at year-end were as follows:
(In millions)20222021
Cost$390.6 $403.9 
Accumulated amortization(282.3)(280.6)
Software, net$108.3 $123.3 
Software amortization expense was $29.5 million in 2022, $30.1 million in 2021 and $29.0 million in 2020.
Schedule of Allowance for Credit Losses
The activity related to our allowance for credit losses was as follows:
(In millions)20222021
Balance at beginning of year$33.0 $44.6 
Provision for (reversal of) credit losses6.9 (4.7)
Amounts written off(4.3)(7.7)
Other, including foreign currency translation(1.2).8 
Balance at end of year$34.4 $33.0 
Schedule of Research and Development Expense
Research and development expense, which is included in “Marketing, general and administrative expense” in the Consolidated Statements of Income, was as follows:
(In millions)202220212020
Research and development expense$136.1 $136.6 $112.8 
Schedule of Cash Paid for Interest and Income taxes
Cash paid for interest and income taxes was as follows:
(In millions)202220212020
Interest$80.9 $62.8 $69.6 
Income taxes, net of refunds204.8 253.4 203.4 
Schedule of Balance Sheet Locations of Deferred Revenue
The following table shows the amounts and balance sheet locations of deferred revenue as of December 31, 2022 and January 1, 2022:
(In millions)December 31, 2022January 1, 2022
Other current liabilities$22.2 $24.7 
Long-term retirement benefits and other liabilities2.1 1.9 
Total deferred revenue$24.3 $26.6 
Revenue recognized from amounts included in deferred revenue as of January 1, 2022 was $23.5 million in 2022. Revenue recognized from amounts included in deferred revenue as of January 2, 2021 was $18.4 million in 2021. Revenue recognized from amounts included in deferred revenue as of December 28, 2019 was $12.0 million in 2020. This revenue was included in “Net sales” in the Consolidated Statements of Income.