BALANCE SHEETS INFORMATION (Tables)

3 Months Ended

Mar. 31, 2023

BALANCE SHEETS INFORMATION

Balance Sheet Information

	March 31		December 31
(millions)	2023		2022
Accounts receivable, net
Accounts receivable		$2,804.9		$2,829.0
Allowance for expected credit losses and other accruals		(137.1)		(130.9)
Total		$2,667.8		$2,698.1
Inventories
Finished goods		$1,086.8		$1,122.7
Raw materials and parts		870.3		849.2
Inventories at FIFO cost		1,957.1		1,971.9
FIFO cost to LIFO cost difference		(229.8)		(179.1)
Total		$1,727.3		$1,792.8
Other current assets
Prepaid assets		$150.7		$123.9
Taxes receivable		205.7		184.1
Derivative assets		47.7		57.5
Other		54.2		39.2
Total		$458.3		$404.7
Property, plant and equipment, net
Land		$162.0		$161.3
Buildings and leasehold improvements		1,142.3		1,126.9
Machinery and equipment		2,047.2		1,966.3
Merchandising and customer equipment		2,693.1		2,635.5
Capitalized software		985.2		962.1
Construction in progress		358.5		403.8
		7,388.3		7,255.9
Accumulated depreciation		(4,075.6)		(3,962.5)
Total		$3,312.7		$3,293.4
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		3,312.4		3,292.8
Patents		499.4		497.0
Trademarks		405.3		404.0
Other technologies		520.2		518.8
		4,737.3		4,712.6
Accumulated amortization
Customer relationships		(1,645.1)		(1,581.7)
Patents		(300.2)		(292.3)
Trademarks		(210.4)		(202.5)
Other technologies		(194.8)		(185.4)
		(2,350.5)		(2,261.9)
Net intangible assets subject to amortization		2,386.8		2,450.7
Total		$3,616.8		$3,680.7
Other assets
Deferred income taxes		$113.2		$108.1
Pension		122.2		118.4
Derivative asset		43.3		44.5
Other		277.7		264.1
Total		$556.4		$535.1

	March 31		December 31
(millions)	2023		2022
Other current liabilities
Discounts and rebates		$366.6		$357.8
Dividends payable		150.9		150.8
Interest payable		68.7		58.7
Taxes payable, other than income		165.8		162.9
Derivative liabilities		20.5		21.9
Restructuring		82.1		100.6
Contract liability		107.5		116.5
Operating lease liabilities		103.5		108.3
Other		214.2		208.4
Total		$1,279.8		$1,285.9
Accumulated other comprehensive income (loss)
Unrealized (loss) gain on derivative financial instruments, net of tax		($1.0)		$3.7
Unrecognized pension and postretirement benefit expense, net of tax		(467.2)		(467.4)
Cumulative translation, net of tax		(1,269.0)		(1,262.9)
Total		($1,737.2)		($1,726.6)