BALANCE SHEETS INFORMATION (Tables)

12 Months Ended

Dec. 31, 2022

BALANCE SHEETS INFORMATION

Balance Sheet Information

	December 31		December 31
(millions)	2022		2021
Accounts receivable, net
Accounts receivable		$2,829.0		$2,549.9
Allowance for expected credit losses and other accruals		(130.9)		(71.5)
Total		$2,698.1		$2,478.4
Inventories
Finished goods		$1,122.7		$1,010.6
Raw materials and parts		849.2		596.1
Inventories at FIFO cost		1,971.9		1,606.7
FIFO cost to LIFO cost difference		(179.1)		(114.9)
Total		$1,792.8		$1,491.8
Other current assets
Prepaid assets		$123.9		$121.2
Taxes receivable		184.1		151.3
Derivative assets		57.5		61.4
Other		39.2		23.1
Total		$404.7		$357.0
Property, plant and equipment, net
Land		$161.3		$159.2
Buildings and leasehold improvements		1,126.9		1,134.1
Machinery and equipment		1,966.3		1,968.7
Merchandising and customer equipment		2,635.5		2,708.2
Capitalized software		962.1		884.6
Construction in progress		403.8		325.0
		7,255.9		7,179.8
Accumulated depreciation		(3,962.5)		(3,891.3)
Total		$3,293.4		$3,288.5
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		3,292.8		3,444.6
Patents		497.0		496.3
Trademarks		404.0		561.1
Other technologies		518.8		527.2
		4,712.6		5,029.2
Accumulated amortization
Customer relationships		(1,581.7)		(1,440.9)
Patents		(292.3)		(269.3)
Trademarks		(202.5)		(170.3)
Other technologies		(185.4)		(154.6)
		(2,261.9)		(2,035.1)
Net intangible assets subject to amortization		2,450.7		2,994.1
Total		$3,680.7		$4,224.1
Other assets
Deferred income taxes		$108.1		$120.6
Pension		118.4		114.6
Derivative asset		44.5		29.4
Other		264.1		281.4
Total		$535.1		$546.0

	December 31		December 31
(millions)	2022		2021
Other current liabilities
Discounts and rebates		$357.8		$341.1
Dividends payable		150.8		146.3
Interest payable		58.7		47.7
Taxes payable, other than income		162.9		154.2
Derivative liabilities		21.9		-
Restructuring		100.6		39.1
Contract liability		116.5		91.7
Operating lease liabilities		108.3		115.1
Other		208.4		209.0
Total		$1,285.9		$1,144.2
Accumulated other comprehensive income (loss)
Unrealized gain (loss) on derivative financial instruments, net of tax		$3.7		$4.9
Unrecognized pension and postretirement benefit expense, net of tax		(467.4)		(632.8)
Cumulative translation, net of tax		(1,262.9)		(1,006.9)
Total		($1,726.6)		($1,634.8)