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BALANCE SHEETS INFORMATION (Details) - USD ($) $ in Millions | Dec. 31, 2023 | Dec. 31, 2022
--- | --- | ---
Accounts receivable, net |  |
Accounts receivable | $ 2,983.2 | $ 2,829.0
Allowance for expected credit losses and other accruals | (149.0) | (130.9)
Total | 2,834.2 | 2,698.1
Inventories |  |
Finished goods | 911.4 | 1,122.7
Raw materials and parts | 704.7 | 849.2
Inventories at FIFO cost | 1,616.1 | 1,971.9
FIFO cost to LIFO cost difference | (118.9) | (179.1)
Total | 1,497.2 | 1,792.8
Other current assets |  |
Prepaid assets | 143.9 | 123.9
Taxes receivable | 186.9 | 184.1
Derivative assets | 3.3 | 57.5
Other | 59.1 | 39.2
Total | 393.2 | 404.7
Property, plant and equipment, net |  |
Land | 155.6 | 161.3
Buildings and leasehold improvements | 1,171.0 | 1,126.9
Machinery and equipment | 2,113.8 | 1,966.3
Merchandising and customer equipment | 2,758.4 | 2,635.5
Capitalized software | 985.9 | 962.1
Construction in progress | 470.1 | 403.8
Property, plant and equipment, gross | 7,654.8 | 7,255.9
Accumulated depreciation | (4,180.2) | (3,962.5)
Total | 3,474.6 | 3,293.4
Intangible assets subject to amortization: |  |
Other intangible assets, gross | 4,846.4 | 4,712.6
Accumulated amortization | (2,582.9) | (2,261.9)
Net intangible assets subject to amortization | 2,263.5 | 2,450.7
Total | 3,493.5 | 3,680.7
Other assets |  |
Deferred income taxes | 119.3 | 108.1
Pension | 118.4 | 118.4
Derivative asset | 23.6 | 44.5
Other | 271.4 | 264.1
Total | 532.7 | 535.1
Other current liabilities |  |
Discounts and rebates | 438.8 | 357.8
Dividends payable | 162.7 | 150.8
Interest payable | 68.5 | 58.7
Taxes payable, other than income | 153.2 | 162.9
Derivative liability | 3.7 | 21.9
Restructuring | 48.9 | 100.6
Contract liability | 110.9 | 116.5
Operating lease liabilities | $ 126.1 | $ 108.3
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List] | Total | Total
Other | $ 222.1 | $ 208.4
Total | 1,334.9 | 1,285.9
Accumulated other comprehensive income (loss) |  |
Unrealized (loss) gain on derivative financial instruments, net of tax | (4.1) | 3.7
Unrecognized pension and postretirement benefit expense, net of tax | (534.7) | (467.4)
Cumulative translation, net of tax | (1,311.6) | (1,262.9)
Total | (1,850.4) | (1,726.6)
Customer relationships |  |
Intangible assets subject to amortization: |  |
Other intangible assets, gross | 3,385.1 | 3,292.8
Accumulated amortization | (1,805.0) | (1,581.7)
Trademarks |  |
Intangible assets subject to amortization: |  |
Other intangible assets, gross | 406.5 | 404.0
Accumulated amortization | (238.0) | (202.5)
Patents |  |
Intangible assets subject to amortization: |  |
Other intangible assets, gross | 503.6 | 497.0
Accumulated amortization | (319.4) | (292.3)
Other technologies |  |
Intangible assets subject to amortization: |  |
Other intangible assets, gross | 551.2 | 518.8
Accumulated amortization | (220.5) | (185.4)
Trade names. |  |
Intangible assets not subject to amortization: |  |
Other intangible assets, gross | $ 1,230.0 | $ 1,230.0

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