BALANCE SHEET INFORMATION

6 Months Ended

Jun. 30, 2017

BALANCE SHEET INFORMATION

BALANCE SHEET INFORMATION

4. BALANCE SHEET INFORMATION

	June 30		December 31
(millions)	2017		2016
Accounts receivable, net
Accounts receivable		$ 2,517.2		$ 2,408.8
Allowance for doubtful accounts		(70.4)		(67.6)
Total		$ 2,446.8		$ 2,341.2
Inventories
Finished goods		$ 986.5		$ 860.0
Raw materials and parts		447.6		408.4
Inventories at FIFO cost		1,434.1		1,268.4
FIFO cost to LIFO cost difference		35.7		51.0
Total		$ 1,469.8		$ 1,319.4
Other current assets
Prepaid assets		$ 132.6		$ 98.3
Taxes receivable		131.6		105.0
Derivative assets		44.2		46.3
Other		46.4		41.8
Total		$ 354.8		$ 291.4
Property, plant and equipment, net
Land		$ 216.6		$ 211.0
Buildings and leasehold improvements		1,122.6		1,121.2
Machinery and equipment		2,159.0		2,035.8
Merchandising and customer equipment		2,327.3		2,199.4
Capitalized software		570.1		531.1
Construction in progress		390.9		344.1
		6,786.5		6,442.6
Accumulated depreciation		(3,289.1)		(3,077.6)
Total		$ 3,497.4		$ 3,365.0
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		$ 3,519.5		$ 3,206.1
Trademarks		374.2		303.3
Patents		454.9		446.5
Other technology		228.0		210.5
		4,576.6		4,166.4
Accumulated amortization
Customer relationships		(1,275.6)		(1,148.2)
Trademarks		(137.6)		(125.2)
Patents		(171.6)		(157.3)
Other technology		(160.2)		(147.9)
		(1,745.0)		(1,578.6)
Net intangible assets subject to amortization		2,831.6		2,587.8
Total		$ 4,061.6		$ 3,817.8
Other assets
Deferred income taxes		$ 102.0		$ 92.3
Pension		32.9		27.2
Derivative assets		1.3		21.5
Restricted cash		-		53.0
Other		292.3		291.0
Total		$ 428.5		$ 485.0

	June 30		December 31
(millions)	2017		2016
Other current liabilities
Discounts and rebates		$ 309.6		$ 275.2
Dividends payable		107.2		108.0
Interest payable		48.2		37.3
Taxes payable, other than income		108.1		103.7
Derivative liabilities		36.6		24.6
Restructuring		51.7		30.5
Other		264.4		311.9
Total		$ 925.8		$ 891.2
Accumulated other comprehensive loss
Unrealized loss on derivative financial instruments, net of tax		$ (16.8)		$ (8.5)
Unrecognized pension and postretirement benefit expense, net of tax		(518.4)		(511.4)
Cumulative translation, net of tax		(1,108.7)		(1,193.0)
Total		$ (1,643.9)		$ (1,712.9)