Supplemental Balance Sheet Information

12 Months Ended

Dec. 31, 2020

Balance Sheet Related Disclosures [Abstract]

At December 31, 2020 and 2019, prepaid expenses and other included the following:


Components of Prepaid expenses and other	2020		2019
Prepaid taxes and tax refunds receivable	$	117.6	$	141.1
Receivables other than trade	34.9		51.4
Prepaid brochure costs, paper and other literature	12.0		13.1
Other	39.7		46.5
Prepaid expenses and other	$	204.2	$	252.1

At December 31, 2020 and 2019, other assets included the following:


Components of Other assets(1)	2020		2019
Capitalized software (Note 1)	76.0		83.1
Judicial deposits	50.9		70.1
Net overfunded pension plans (Note 13)	103.0		100.6
Long-term receivables	157.0		196.1
Trust assets associated with supplemental benefit plans (Note 13)	33.7		37.3

Other	17.9		27.6
Other assets	$	438.5	$	514.8

(1) As of December 31, 2020 and December 31, 2019, the Company had tooling, net of amortization of $7.4 and $12.9, respectively. Tooling balance as of December 31, 2019 previously included in other long-term assets has been reclassified to property, plant and equipment to conform to the current year presentation.

Long-term receivables includes approximately $118 of certain Brazil indirect taxes (COFINS), recognized in the year ended December 31, 2019. Approximately $68 and $50 was recorded in product sales and other income (expense), net, respectively, in our Consolidated Income Statements following favorable judicial decisions in 2019. The corresponding tax charge on this transaction is approximately $23 and is included in the deferred tax asset balance as of December 31, 2019 which is presented separately in the Consolidated Balance Sheet.

During the third quarter of 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.