BALANCE SHEETS INFORMATION (Tables)

6 Months Ended

Jun. 30, 2023

BALANCE SHEETS INFORMATION

Balance Sheet Information

	June 30		December 31
(millions)	2023		2022
Accounts receivable, net
Accounts receivable		$2,929.9		$2,829.0
Allowance for expected credit losses and other accruals		(149.8)		(130.9)
Total		$2,780.1		$2,698.1
Inventories
Finished goods		$1,041.8		$1,122.7
Raw materials and parts		834.6		849.2
Inventories at FIFO cost		1,876.4		1,971.9
FIFO cost to LIFO cost difference		(230.2)		(179.1)
Total		$1,646.2		$1,792.8
Other current assets
Prepaid assets		$137.6		$123.9
Taxes receivable		215.3		184.1
Derivative assets		62.2		57.5
Other		40.9		39.2
Total		$456.0		$404.7
Property, plant and equipment, net
Land		$155.0		$161.3
Buildings and leasehold improvements		1,145.0		1,126.9
Machinery and equipment		2,037.3		1,966.3
Merchandising and customer equipment		2,709.2		2,635.5
Capitalized software		941.6		962.1
Construction in progress		357.4		403.8
		7,345.5		7,255.9
Accumulated depreciation		(4,019.0)		(3,962.5)
Total		$3,326.5		$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		3,353.4		3,292.8
Patents		501.6		497.0
Trademarks		406.3		404.0
Other technologies		541.0		518.8
		4,802.3		4,712.6
Accumulated amortization
Customer relationships		(1,697.8)		(1,581.7)
Patents		(307.9)		(292.3)
Trademarks		(219.6)		(202.5)
Other technologies		(203.4)		(185.4)
		(2,428.7)		(2,261.9)
Net intangible assets subject to amortization		2,373.6		2,450.7
Total		$3,603.6		$3,680.7
Other assets
Deferred income taxes		$110.2		$108.1
Pension		129.6		118.4
Derivative asset		33.2		44.5
Other		268.5		264.1
Total		$541.5		$535.1

	June 30		December 31
(millions)	2023		2022
Other current liabilities
Discounts and rebates		$392.9		$357.8
Dividends payable		151.0		150.8
Interest payable		75.3		58.7
Taxes payable, other than income		167.8		162.9
Derivative liability		0.4		21.9
Restructuring		73.7		100.6
Contract liability		107.4		116.5
Operating lease liabilities		110.1		108.3
Other		203.8		208.4
Total		$1,282.4		$1,285.9
Accumulated other comprehensive income (loss)
Unrealized (loss) gain on derivative financial instruments, net of tax		($2.5)		$3.7
Unrecognized pension and postretirement benefit expense, net of tax		(471.5)		(467.4)
Cumulative translation, net of tax		(1,287.8)		(1,262.9)
Total		($1,761.8)		($1,726.6)