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BALANCE SHEET INFORMATION

6 Months Ended

Jun. 30, 2024

BALANCE SHEET INFORMATION

BALANCE SHEET INFORMATION

5. BALANCE SHEETS INFORMATION

​

​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​
​	​	June 30			​	December 31
(millions)		2024			​	2023
Accounts receivable, net	​	​	​	​	​	​	​	​
Accounts receivable	​	​	$3,010.5	​	​	​	$2,983.2	​
Allowance for expected credit losses and other accruals	​	​	(134.2)	​	​	​	(149.0)	​
Total	​	​	$2,876.3	​	​	​	$2,834.2	​
​	​	​	​	​	​	​	​	​
Inventories	​	​	​	​	​	​	​	​
Finished goods	​	​	$966.2	​	​	​	$911.4	​
Raw materials and parts	​	​	639.2	​	​	​	704.7	​
Inventories at FIFO cost	​	​	1,605.4	​	​	​	1,616.1	​
FIFO cost to LIFO cost difference	​	​	(99.5)	​	​	​	(118.9)	​
Total	​	​	$1,505.9	​	​	​	$1,497.2	​
​	​	​	​	​	​	​	​	​
Other current assets	​	​	​	​	​	​	​	​
Prepaid assets	​	​	$144.0	​	​	​	$143.9	​
Taxes receivable	​	​	166.1	​	​	​	186.9	​
Derivative assets	​	​	6.1	​	​	​	3.3	​
Other	​	​	104.3	​	​	​	59.1	​
Total	​	​	$420.5	​	​	​	$393.2	​
​	​	​	​	​	​	​	​	​
Property, plant and equipment, net	​	​	​	​	​	​	​	​
Land	​	​	$151.5	​	​	​	$155.6	​
Buildings and leasehold improvements	​	​	1,138.1	​	​	​	1,171.0	​
Machinery and equipment	​	​	2,132.0	​	​	​	2,113.8	​
Merchandising and customer equipment	​	​	2,813.8	​	​	​	2,758.4	​
Capitalized software	​	​	1,016.5	​	​	​	985.9	​
Construction in progress	​	​	464.4	​	​	​	470.1	​
​	​	​	7,716.3	​	​	​	7,654.8	​
Accumulated depreciation	​	​	(4,299.4)	​	​	​	(4,180.2)	​
Total	​	​	$3,416.9	​	​	​	$3,474.6	​
​	​	​	​	​	​	​	​	​
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	​	​	3,204.4	​	​	​	3,385.1	​
Patents	​	​	503.4	​	​	​	503.6	​
Trademarks	​	​	370.1	​	​	​	406.5	​
Other technologies	​	​	524.1	​	​	​	551.2	​
​	​	​	4,602.0	​	​	​	4,846.4	​
Accumulated amortization	​	​	​	​	​	​	​	​
Customer relationships	​	​	(1,737.1)	​	​	​	(1,805.0)	​
Patents	​	​	(330.0)	​	​	​	(319.4)	​
Trademarks	​	​	(221.1)	​	​	​	(238.0)	​
Other technologies	​	​	(209.8)	​	​	​	(220.5)	​
​	​	​	(2,498.0)	​	​	​	(2,582.9)	​
Net intangible assets subject to amortization	​	​	2,104.0	​	​	​	2,263.5	​
Total	​	​	$3,334.0	​	​	​	$3,493.5	​
​	​	​	​	​	​	​	​	​
Other assets	​	​	​	​	​	​	​	​
Deferred income taxes	​	​	$121.3	​	​	​	$119.3	​
Pension	​	​	124.1	​	​	​	118.4	​
Derivative asset	​	​	32.8	​	​	​	23.6	​
Other	​	​	285.5	​	​	​	271.4	​
Total	​	​	$563.7	​	​	​	$532.7	​

​

​

​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​
​	​	June 30			​	December 31
(millions)		2024			​	2023
Other current liabilities	​	​	​	​	​	​	​	​
Discounts and rebates	​	​	$446.4	​	​	​	$438.8	​
Dividends payable	​	​	162.2	​	​	​	162.7	​
Interest payable	​	​	71.4	​	​	​	68.5	​
Taxes payable, other than income	​	​	151.4	​	​	​	153.2	​
Derivative liability	​	​	3.2	​	​	​	3.7	​
Restructuring	​	​	38.5	​	​	​	48.9	​
Contract liability	​	​	106.1	​	​	​	110.9	​
Operating lease liabilities	​	​	132.0	​	​	​	126.1	​
Other	​	​	299.6	​	​	​	222.1	​
Total	​	​	$1,410.8	​	​	​	$1,334.9	​
​	​	​	​	​	​	​	​	​
Accumulated other comprehensive income (loss)	​	​	​	​	​	​	​	​
Unrealized (loss) gain on derivative financial instruments, net of tax	​	​	$3.2	​	​	​	($4.1)	​
Unrecognized pension and postretirement benefit expense, net of tax	​	​	(532.6)	​	​	​	(534.7)	​
Cumulative translation, net of tax	​	​	(1,370.0)	​	​	​	(1,311.6)	​
Total	​	​	($1,899.4)	​	​	​	($1,850.4)	​

​

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- Definition

The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 210
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/210/tableOfContent

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