Components of selected captions in the consolidated balance sheets are as follows: | | | | | | | | | | As of December 31, | | 2019 | | 2018 | | (in millions) | Accounts receivable, net | |
| | |
| Trade accounts receivable | $ | 552.3 |
| | $ | 465.8 |
| Allowance for doubtful accounts | (8.7 | ) | | (8.9 | ) | | $ | 543.6 |
| | $ | 456.9 |
| Inventories | |
| | |
| Raw materials | $ | 118.0 |
| | $ | 111.5 |
| Work in process | 121.7 |
| | 144.8 |
| Finished products | 401.2 |
| | 350.7 |
| | $ | 640.9 |
| | $ | 607.0 |
| Property, plant, and equipment, net | |
| | |
| Land | $ | 98.0 |
| | $ | 90.7 |
| Buildings and leasehold improvements | 619.8 |
| | 497.4 |
| Machinery and equipment | 466.3 |
| | 432.4 |
| Equipment with customers | 35.6 |
| | 41.1 |
| Software | 87.9 |
| | 92.4 |
| Construction in progress | 265.0 |
| | 168.8 |
| | 1,572.6 |
| | 1,322.8 |
| Accumulated depreciation | (512.3 | ) | | (455.3 | ) | | $ | 1,060.3 |
| | $ | 867.5 |
| Accrued and other liabilities | |
| | |
| Employee compensation and withholdings | $ | 295.8 |
| | $ | 226.1 |
| Litigation and insurance reserves (Note 18) | 20.0 |
| | 196.7 |
| Taxes payable | 52.9 |
| | 31.3 |
| Accrued rebates | 67.1 |
| | 80.0 |
| Property, payroll, and other taxes | 51.4 |
| | 39.5 |
| Research and development accruals | 51.4 |
| | 48.9 |
| Fair value of derivatives | 6.4 |
| | 4.4 |
| Accrued marketing expenses | 17.5 |
| | 22.3 |
| Accrued professional services | 10.1 |
| | 11.0 |
| Accrued realignment reserves | 16.7 |
| | 6.8 |
| Accrued relocation costs | 17.4 |
| | 11.3 |
| Other accrued liabilities | 89.8 |
| | 64.3 |
| | $ | 696.5 |
| | $ | 742.6 |
|
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