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Other Financial Statement Data
12 Months Ended
Dec. 31, 2018
Balance Sheet Related Disclosures [Abstract]  
Other Financial Statement Data
OTHER FINANCIAL STATEMENT DATA
The following provides additional information concerning selected balance sheet accounts:
 
December 31,
(in millions)
2018
 
2017
Receivables
 
 
 
Trade
$
703.7

 
$
563.6

Non-trade
136.1

 
81.3

 
839.8

 
644.9

Less allowance for doubtful accounts
1.3

 
2.3

 
$
838.5

 
$
642.6

Inventories
 
 
 
Raw materials
$
147.5

 
$
37.8

Work in process
625.5

 
349.9

Finished goods
1,343.8

 
1,035.1

Final price deferred (a)
39.3

 
38.6

Operating materials and supplies
114.1

 
85.8

 
$
2,270.2

 
$
1,547.2

Other current assets
 
 
 
Income and other taxes receivable
$
149.2

 
$
141.3

Prepaid expenses
86.8

 
69.0

Other
44.6

 
62.9

 
$
280.6

 
$
273.2

Other assets
 
 
 
Restricted cash
$
15.8

 
$
32.6

MRO inventory
134.6

 
114.8

Marketable securities held in trust - restricted
632.3

 
628.0

Indemnification asset
30.7

 

Long-term receivable
91.7

 

Other
352.7

 
492.1

 
$
1,257.8

 
$
1,267.5

 
December 31,
(in millions)
2018
 
2017
Accrued liabilities
 
 
 
Accrued dividends
$
11.8

 
$
12.1

Payroll and employee benefits
217.5

 
159.5

Asset retirement obligations
136.3

 
98.1

Customer prepayments
199.8

 
140.4

Accrued income tax
65.5

 
1.4

Other
461.6

 
342.9

 
$
1,092.5

 
$
754.4

Other noncurrent liabilities
 
 
 
Asset retirement obligations
$
1,023.8

 
$
761.2

Accrued pension and postretirement benefits
146.3

 
53.7

Unrecognized tax benefits
33.0

 
33.5

Other
255.6

 
119.4

 
$
1,458.7

 
$
967.8


______________________________
(a)
Final price deferred is product that has shipped to customers, but the price has not yet been agreed upon.
Interest expense, net was comprised of the following in 2018, 2017 and 2016:
 
Years Ended December 31,
(in millions)
2018
 
2017
 
2016
Interest income
$
49.7

 
$
33.2

 
$
28.2

Less interest expense
215.8

 
171.3

 
140.6

Interest expense, net
$
(166.1
)
 
$
(138.1
)
 
$
(112.4
)