SUPPLEMENTAL BALANCE SHEET INFORMATION (Tables)

9 Months Ended

Sep. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Components of Prepaid Expenses and Other

At September 30, 2019 and December 31, 2018, prepaid expenses and other included the following:


Components of Prepaid Expenses and Other	September 30, 2019		December 31, 2018
Prepaid taxes and tax refunds receivable	$	155.1	$	145.0
Receivables other than trade	47.7		69.2
Prepaid brochure costs, paper and other literature	12.0		14.9

Other	50.6		42.9
Prepaid expenses and other	$	265.4	$	272.0

Schedule of Components of Other Assets

At September 30, 2019 and December 31, 2018, other assets included the following:


Components of Other Assets⁽¹⁾	September 30, 2019		December 31, 2018
Net overfunded pension plans	$	95.2	$	88.1
Capitalized software	81.0		89.3
Judicial deposits	67.9		74.1
Long-term receivables	186.4		73.2

Trust assets associated with supplemental benefit plans	39.4		37.0
Tooling (plates and molds associated with our beauty products)	12.6		12.6

Other	31.4		16.1
Other assets	$	513.9	$	390.4

(1) Deferred tax asset balance as of September 30, 2019 and December 31, 2018 is presented separately in the Consolidated Balance Sheet

Long-term receivables includes approximately $118 of certain Brazil indirect taxes (COFINS), recognized in the three months ended September 30, 2019. Approximately $68 and $50 was recorded in product sales and other income (expense), net, in our Consolidated Income Statements following favorable judicial decisions in the three months ending September 30, 2019. The corresponding tax charge on this transaction is approximately $23 and is included in the deferred tax asset balance as of September 30, 2019 which is presented separately in the Consolidated Balance Sheet.

During the three months ended September 30, 2019, we entered into an arrangement to sell the rights to a portion of these credits, in the amount of approximately $80. The Company has the option to repurchase these credits for a period of three years. This transaction resulted in a cash inflow of approximately $19, which is presented as a financing activity in the Consolidated Statements of Cash Flows. The sale of credits is accounted for as a financing arrangement, therefore the receivables have not been derecognized and a financing liability of approximately $19 has been recognized.