Supplemental Balance Sheet Information |
SUPPLEMENTAL BALANCE SHEET INFORMATION The components of certain Consolidated Balance Sheet accounts are as follows: | | | | | | | | | | | | | | | December 31, | | 2021 | | 2020 | Inventories: | | | | | Raw materials | | $ | 395,358 | | | $ | 388,600 | | Goods in process | | 110,008 | | | 104,841 | | Finished goods | | 649,082 | | | 645,664 | | Inventories at FIFO | | 1,154,448 | | | 1,139,105 | | Adjustment to LIFO | | (165,937) | | | (174,898) | | Total inventories | | $ | 988,511 | | | $ | 964,207 | | | | | | | Prepaid expenses and other: | | | | | Prepaid expenses | | $ | 129,287 | | | $ | 95,669 | | | | | | | Other current assets | | 127,678 | | | 158,809 | | Total prepaid expenses and other | | $ | 256,965 | | | $ | 254,478 | | | | | | | Property, plant and equipment: | | | | | Land | | $ | 154,494 | | | $ | 131,513 | | Buildings | | 1,508,139 | | | 1,387,106 | | Machinery and equipment | | 3,443,500 | | | 3,169,754 | | Construction in progress | | 294,824 | | | 276,514 | | Property, plant and equipment, gross | | 5,400,957 | | | 4,964,887 | | Accumulated depreciation | | (2,814,770) | | | (2,679,632) | | Property, plant and equipment, net | | $ | 2,586,187 | | | $ | 2,285,255 | | | | | | | Other non-current assets: | | | | | Pension | | $ | 71,618 | | | $ | 8,308 | | Capitalized software, net | | 260,656 | | 187,673 | | | | | | | Operating lease ROU assets | | 351,712 | | | 224,268 | | Investments in unconsolidated affiliates | | 93,089 | | | 52,351 | | Other non-current assets | | 91,128 | | | 83,287 | | Total other non-current assets | | $ | 868,203 | | | $ | 555,887 | | | | | | | Accrued liabilities: | | | | | Payroll, compensation and benefits | | $ | 291,446 | | | $ | 237,342 | | Advertising, promotion and product allowances | | 305,050 | | | 309,537 | | Operating lease liabilities | | 36,292 | | | 36,578 | | | | | | | Other | | 222,850 | | | 198,309 | | Total accrued liabilities | | $ | 855,638 | | | $ | 781,766 | | | | | | | Other long-term liabilities: | | | | | Post-retirement benefits liabilities | | $ | 193,604 | | | $ | 223,507 | | Pension benefits liabilities | | 37,023 | | | 70,727 | | Operating lease liabilities | | 310,899 | | | 181,871 | | Other | | 245,532 | | | 207,329 | | Total other long-term liabilities | | $ | 787,058 | | | $ | 683,434 | | | | | | | Accumulated other comprehensive loss: | | | | | Foreign currency translation adjustments | | $ | (100,025) | | | $ | (98,525) | | Pension and post-retirement benefit plans, net of tax | | (116,381) | | | (194,205) | | Cash flow hedges, net of tax | | (32,809) | | | (45,352) | | Total accumulated other comprehensive loss | | $ | (249,215) | | | $ | (338,082) | |
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