SUPPLEMENTAL BALANCE SHEET INFORMATION (Tables)

12 Months Ended

Dec. 31, 2023

Supplemental balance sheet information related to leases were as follows:


Leases	Classification	2023		2022
Assets
Operating lease ROU assets	Other non-current assets	$	307,976	$	326,472

Finance lease ROU assets, at cost	Property, plant and equipment, gross	89,335		86,703
Accumulated amortization	Accumulated depreciation	(19,472)		(14,543)
Finance lease ROU assets, net	Property, plant and equipment, net	69,863		72,160

Total leased assets		$	377,839	$	398,632

Liabilities
Current
Operating	Accrued liabilities	$	34,494	$	31,787
Finance	Current portion of long-term debt	5,900		4,285
Non-current
Operating	Other long-term liabilities	277,089		294,849
Finance	Long-term debt	70,485		69,194
Total lease liabilities		$	387,968	$	400,115


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)