Supplemental Financial Statement DataBalance Sheets | | | | | | | | | | | | (Millions) | 2022 | | 2021 | Accounts receivable | | | | Customer accounts receivable | $ | 502 | | | $ | 556 | | Allowances | (12) | | | (12) | | Subtotal | $ | 490 | | | $ | 544 | | Other | 51 | | | 51 | | | $ | 541 | | | $ | 595 | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | (Millions) | 2022 | | 2021 | Inventories | | | | Raw materials, containers and supplies | $ | 390 | | | $ | 321 | | Finished products | 856 | | | 612 | | | $ | 1,246 | | | $ | 933 | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | (Millions) | 2022 | | 2021 | | | | | | | | | | | | | | | | | | | | | | | | | Plant assets | | | | Land | $ | 74 | | | $ | 75 | | Buildings | 1,531 | | | 1,493 | | Machinery and equipment | 3,932 | | | 3,732 | | Projects in progress | 141 | | | 189 | | Total cost | $ | 5,678 | | | $ | 5,489 | | Accumulated depreciation(1) | (3,335) | | | (3,119) | | | $ | 2,343 | | | $ | 2,370 | | | | | | | | | | | | | | | | | |
____________________________________ (1)Depreciation expense was $296 million in 2022, $275 million in 2021 and $285 million in 2020. Buildings are depreciated over periods ranging from 7 to 45 years. Machinery and equipment are depreciated over periods generally ranging from 2 to 20 years. | | | | | | | | | | | | (Millions) | 2022 | | 2021 | | | | | | | | | | | | | | | | | | | | | | | | | Other assets | | | | | | | | | | | | | | | | Operating lease ROU assets, net of amortization | $ | 239 | | | $ | 235 | | Pension | 146 | | | 190 | | Other | 24 | | | 24 | | | $ | 409 | | | $ | 449 | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | (Millions) | 2022 | | 2021 | Accrued liabilities | | | | Accrued compensation and benefits | $ | 216 | | | $ | 203 | | Fair value of derivatives | 34 | | | 3 | | Accrued trade and consumer promotion programs | 141 | | | 121 | | Accrued interest | 64 | | | 70 | | Restructuring | 7 | | | 6 | | Operating lease liabilities | 62 | | | 54 | | Other | 97 | | | 119 | | | $ | 621 | | | $ | 576 | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | (Millions) | 2022 | | 2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Other liabilities | | | | Pension benefits | $ | 107 | | | $ | 142 | | Postretirement benefits | 153 | | | 199 | | Operating lease liabilities | 177 | | | 180 | | Deferred compensation | 81 | | | 92 | | | | | | | | | | | | | | Unrecognized tax benefits | 15 | | | 20 | | | | | | Other | 70 | | | 72 | | | $ | 603 | | | $ | 705 | |
Statements of Earnings | | | | | | | | | | | | | | | | | | (Millions) | 2022 | | 2021 | | 2020 | Other expenses / (income) | | | | | | | | | | | | Amortization of intangible assets | $ | 41 | | | $ | 42 | | | $ | 43 | | | | | | | | Net periodic benefit expense (income) other than the service cost | (23) | | | (285) | | | 73 | | | | | | | | Investment losses(1) | — | | | — | | | 49 | | Loss on sales of businesses(2) | — | | | 11 | | | 64 | | Transition services fees | — | | | (27) | | | (10) | | Other | 3 | | | 5 | | | 2 | | | $ | 21 | | | $ | (254) | | | $ | 221 | | | | | | | | Advertising and consumer promotion expense(3) | $ | 314 | | | $ | 399 | | | $ | 463 | | | | | | | | Interest expense(4) | | | | | | Interest expense | $ | 191 | | | $ | 214 | | | $ | 350 | | Less: Interest capitalized | 2 | | | 4 | | | 5 | | | $ | 189 | | | $ | 210 | | | $ | 345 | |
____________________________________ (1)2020 includes a loss of $45 million related to Acre. See Note 14 for additional information. (2)In 2021, we recognized a loss of $11 million on the sale of the Plum baby food and snacks business. In 2020, we recognized a loss of $64 million on the sale of the European chips business. See Note 3 for additional information. (3)Included in Marketing and selling expenses. (4)In 2022, we recognized a loss of $4 million (including $3 million of premium and other costs) on the extinguishment of debt. In 2020, we recognized a loss of $75 million (including $65 million of premium, fees and other costs paid with the tender offers and unamortized debt issuance costs). See Note 12 for additional information. Statements of Cash Flows | | | | | | | | | | | | | | | | | | (Millions) | 2022 | | 2021 | | 2020 | Cash Flows from Operating Activities | | | | | | Other non-cash charges to net earnings | | | | | | Operating lease ROU asset expense | $ | 74 | | | $ | 75 | | | $ | 75 | | Amortization of debt issuance costs/debt discount | 5 | | | 6 | | | 9 | | Benefit related expense | 3 | | | 12 | | | 12 | | Other | 6 | | | (7) | | | 5 | | | $ | 88 | | | $ | 86 | | | $ | 101 | | | | | | | | | | | | | | Other | | | | | | Benefit related payments | $ | (45) | | | $ | (49) | | | $ | (53) | | Other | 3 | | | 2 | | | (6) | | | $ | (42) | | | $ | (47) | | | $ | (59) | | | | | | | | Other Cash Flow Information | | | | | | Interest paid | $ | 188 | | | $ | 214 | | | $ | 287 | | Interest received | $ | 1 | | | $ | 1 | | | $ | 4 | | Income taxes paid | $ | 196 | | | $ | 212 | | | $ | 222 | | | | | | | | | | | | | | | | | | | |
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