BALANCE SHEET INFORMATION

9 Months Ended

Sep. 30, 2017

BALANCE SHEET INFORMATION

BALANCE SHEET INFORMATION

4. BALANCE SHEET INFORMATION

	September 30		December 31
(millions)	2017		2016
Accounts receivable, net
Accounts receivable		$2,606.4		$2,408.8
Allowance for doubtful accounts		(73.2)		(67.6)
Total		$2,533.2		$2,341.2
Inventories
Finished goods		$1,004.8		$860.0
Raw materials and parts		461.0		408.4
Inventories at FIFO cost		1,465.8		1,268.4
FIFO cost to LIFO cost difference		43.2		51.0
Total		$1,509.0		$1,319.4
Other current assets
Prepaid assets		$128.2		$98.3
Taxes receivable		155.9		105.0
Derivative assets		29.0		46.3
Other		50.1		41.8
Total		$363.2		$291.4
Property, plant and equipment, net
Land		$227.4		$211.0
Buildings and leasehold improvements		1,174.5		1,121.2
Machinery and equipment		2,219.3		2,035.8
Merchandising and customer equipment		2,396.6		2,199.4
Capitalized software		583.0		531.1
Construction in progress		422.0		344.1
		7,022.8		6,442.6
Accumulated depreciation		(3,405.6)		(3,077.6)
Total		$3,617.2		$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		$3,588.2		$3,206.1
Trademarks		378.8		303.3
Patents		459.7		446.5
Other technology		229.1		210.5
		4,655.8		4,166.4
Accumulated amortization
Customer relationships		(1,356.1)		(1,148.2)
Trademarks		(144.6)		(125.2)
Patents		(179.0)		(157.3)
Other technology		(166.5)		(147.9)
		(1,846.2)		(1,578.6)
Net intangible assets subject to amortization		2,809.6		2,587.8
Total		$4,039.6		$3,817.8
Other assets
Deferred income taxes		$105.3		$92.3
Pension		35.6		27.2
Derivative assets		-		21.5
Restricted cash		-		53.0
Other		290.1		291.0
Total		$431.0		$485.0

	September 30		December 31
(millions)	2017		2016
Other current liabilities
Discounts and rebates		$318.3		$275.2
Dividends payable		106.9		108.0
Interest payable		70.4		37.3
Taxes payable, other than income		117.0		103.7
Derivative liabilities		86.6		24.6
Restructuring		45.7		30.5
Other		261.3		311.9
Total		$1,006.2		$891.2
Accumulated other comprehensive loss
Unrealized loss on derivative financial instruments, net of tax		$(37.6)		$(8.5)
Unrecognized pension and postretirement benefit expense, net of tax		(527.2)		(511.4)
Cumulative translation, net of tax		(999.5)		(1,193.0)
Total		$(1,564.3)		$(1,712.9)