Balance Sheet Information

12 Months Ended

Dec. 31, 2021

3. Balance Sheet Information

Supplemental information on our year-end consolidated balance sheets is as follows:


(In millions)	2021		2020
Inventories:
Raw materials and supplies	$	455.1	$	346.6
Work in process		93.0		76.7
Finished products		645.7		443.9
Total inventories	$	1,193.8	$	867.2
Property, plant and equipment:
Land and improvements	$	76.6	$	75.9
Buildings and improvements to leaseholds		551.5		552.4
Machinery and equipment		1,461.9		1,411.5
Construction in progress		188.0		110.3
Property, plant and equipment, gross		2,278.0		2,150.1
Less: accumulated depreciation		1,268.5		1,232.7
Property, plant and equipment, net of accumulated depreciation	$	1,009.5	$	917.4
Other current liabilities:
Accrued salaries, wages and other compensation	$	178.7	$	167.3
Accrued customer programs		250.4		196.2
Accrued taxes		90.1		70.8
Dividends payable		37.8		36.1
Other accrued expenses		249.2		254.2
Total other current liabilities	$	806.2	$	724.6