BALANCE SHEET INFORMATION (Tables)

12 Months Ended

Dec. 31, 2020

BALANCE SHEET INFORMATION

Balance Sheet Information

	December 31		December 31
(millions)	2020		2019
Accounts receivable, net
Accounts receivable		$2,358.1		$2,437.5
Allowance for doubtful accounts		(84.3)		(55.5)
Total		$2,273.8		$2,382.0
Inventories
Finished goods		$789.6		$668.5
Raw materials and parts		511.2		437.9
Inventories at FIFO cost		1,300.8		1,106.4
FIFO cost to LIFO cost difference		(15.6)		(24.8)
Total		$1,285.2		$1,081.6
Other current assets
Prepaid assets		$99.1		$101.8
Taxes receivable		168.6		107.0
Derivative assets		3.2		53.3
Other		27.3		33.1
Total		$298.2		$295.2
Property, plant and equipment, net
Land		$159.7		$158.9
Buildings and leasehold improvements		1,060.0		965.5
Machinery and equipment		1,830.1		1,701.7
Merchandising and customer equipment		2,691.0		2,742.9
Capitalized software		820.8		750.4
Construction in progress		219.8		348.1
		6,781.4		6,667.5
Accumulated depreciation		(3,656.5)		(3,439.2)
Total		$3,124.9		$3,228.3
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		2,530.9		2,378.9
Trademarks		348.0		285.2
Patents		492.5		459.0
Other technology		240.1		214.5
		3,611.5		3,337.6
Accumulated amortization
Customer relationships		(1,319.1)		(1,147.6)
Trademarks		(155.0)		(135.1)
Patents		(244.6)		(221.7)
Other technology		(145.8)		(135.7)
		(1,864.5)		(1,640.1)
Net intangible assets subject to amortization		1,747.0		1,697.5
Total		$2,977.0		$2,927.5
Other assets
Deferred income taxes		$163.2		$136.2
Pension		33.0		31.1
Derivative asset		-		25.4
Other		279.8		323.6
Total		$476.0		$516.3

	December 31		December 31
(millions)	2020		2019
Other current liabilities
Discounts and rebates		$304.1		$331.4
Dividends payable		137.2		135.6
Interest payable		51.7		40.9
Taxes payable, other than income		151.8		102.9
Derivative liabilities		25.8		5.2
Restructuring		98.1		98.5
Contract liability		80.4		76.7
Operating lease liabilities		125.6		122.1
Other		214.2		197.4
Total		$1,188.9		$1,110.7
Accumulated other comprehensive loss
Unrealized gain (loss) on derivative financial instruments, net of tax		($21.1)		($4.1)
Unrecognized pension and postretirement benefit expense, net of tax		(935.2)		(823.8)
Cumulative translation, net of tax		(1,038.1)		(1,261.8)
Total		($1,994.4)		($2,089.7)