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SUPPLEMENTAL BALANCE SHEET INFORMATION | 12 Months Ended
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Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Supplemental Balance Sheet Information | SUPPLEMENTAL BALANCE SHEET INFORMATION The components of certain asset accounts included within our Consolidated Balance Sheets are as follows:
December 31, |  | 2023 |  | 2022
Inventories: |  |  |  |
Raw materials |  | $ | 481,111 |  |  | $ | 372,612 |
Goods in process |  | 192,232 |  |  | 137,298 |
Finished goods |  | 948,974 |  |  | 855,217 |
Inventories at FIFO |  | 1,622,317 |  |  | 1,365,127 |
Adjustment to LIFO |  | (281,321) |  |  | (192,008) |
Total inventories |  | $ | 1,340,996 |  |  | $ | 1,173,119 |
Prepaid expenses and other: |  |  |  |
Prepaid expenses |  | $ | 227,567 |  |  | $ | 143,888 |
Other current assets |  | 118,021 |  |  | 128,307 |
Total prepaid expenses and other |  | $ | 345,588 |  |  | $ | 272,195 |
Property, plant and equipment: |  |  |  |
Land |  | $ | 180,751 |  |  | $ | 155,963 |
Buildings |  | 1,763,070 |  |  | 1,545,053 |
Machinery and equipment |  | 3,861,006 |  |  | 3,592,251 |
Construction in progress |  | 644,244 |  |  | 416,220 |
Property, plant and equipment, gross |  | 6,449,071 |  |  | 5,709,487 |
Accumulated depreciation |  | (3,139,393) |  |  | (2,939,785) |
Property, plant and equipment, net |  | $ | 3,309,678 |  |  | $ | 2,769,702 |
Other non-current assets: |  |  |  |
Pension |  | $ | 48,506 |  |  | $ | 53,495 |
Capitalized software, net |  | 360,205 |  | 320,034 |
Operating lease ROU assets |  | 307,976 |  |  | 326,472 |
Investments in unconsolidated affiliates |  | 207,177 |  |  | 133,029 |
Other non-current assets |  | 137,563 |  |  | 111,959 |
Total other non-current assets |  | $ | 1,061,427 |  |  | $ | 944,989 |
The components of certain liability and stockholders’ equity accounts included within our Consolidated Balance Sheet accounts are as follows:
December 31, |  | 2023 |  | 2022
Accounts Payable: |  |  |  |
Accounts Payable—trade |  | $ | 630,536 |  |  | $ | 636,472 |
Supplier finance program obligations |  | 149,261 |  | 105,293
Other |  | 306,386 |  | 228,793
Total accounts payable |  | $ | 1,086,183 |  |  | $ | 970,558 |
Accrued liabilities: |  |  |  |
Payroll, compensation and benefits |  | $ | 261,961 |  |  | $ | 293,865 |
Advertising, promotion and product allowances |  | 343,444 |  |  | 337,024 |
Operating lease liabilities |  | 34,494 |  |  | 31,787 |
Other |  | 227,916 |  |  | 169,842 |
Total accrued liabilities |  | $ | 867,815 |  |  | $ | 832,518 |
Other long-term liabilities: |  |  |  |
Post-retirement benefits liabilities |  | $ | 90,718 |  |  | $ | 147,174 |
Pension benefits liabilities |  | 28,949 |  |  | 27,696 |
Operating lease liabilities |  | 277,089 |  |  | 294,849 |
Other |  | 263,917 |  |  | 250,023 |
Total other long-term liabilities |  | $ | 660,673 |  |  | $ | 719,742 |
Accumulated other comprehensive loss: |  |  |  |
Foreign currency translation adjustments |  | $ | (87,706) |  |  | $ | (110,364) |
Pension and post-retirement benefit plans, net of tax |  | (126,800) |  |  | (118,254) |
Cash flow hedges, net of tax |  | (15,572) |  |  | (23,715) |
Total accumulated other comprehensive loss |  | $ | (230,078) |  |  | $ | (252,333) |

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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 + Details
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