Other Financial Statement Data

12 Months Ended

Dec. 31, 2022

Balance Sheet Related Disclosures [Abstract]

OTHER FINANCIAL STATEMENT DATAThe following provides additional information concerning selected balance sheet accounts:


	December 31,
(in millions)	2022		2021
Receivables
Trade - External	$	1,242.8	$	954.6
Trade - Affiliate	249.6		390.1
Non-trade	208.4		187.7
	1,700.8		1,532.4
Less allowance for doubtful accounts	0.9		0.5
	$	1,699.9	$	1,531.9
Inventories
Raw materials	$	177.2	$	296.6
Work in process	844.8		741.1
Finished goods	2,158.3		1,534.3
Final price deferred (a)	184.2		31.4
Operating materials and supplies	178.6		138.0
	$	3,543.1	$	2,741.4
Other current assets

Income and other taxes receivable	$	189.4	$	126.1
Prepaid expenses	237.4		107.3
Assets held for sale	101.9		—
Other	49.5		49.1
	$	578.2	$	282.5
Other assets
Restricted cash	$	10.5	$	8.5
MRO inventory	141.9		144.7
Marketable securities held in trust - restricted	666.0		731.5
Operating lease right-of-use assets	182.5		120.2
Indemnification asset	23.7		21.0
Long-term receivable	26.9		41.5
Cloud computing cost	32.9		—
Other	311.8		307.3
	$	1,396.2	$	1,374.7


	December 31,
(in millions)	2022		2021
Accrued liabilities
Accrued dividends	$	72.9	$	43.6
Payroll and employee benefits	237.0		235.9
Asset retirement obligations	212.3		222.4
Customer prepayments (b)	743.9		437.7
Accrued income and other taxes	208.3		184.3
Operating lease obligation	50.7		59.7
Servicing liability	—		81.1
Other	754.8		618.9
	$	2,279.9	$	1,883.6
Other noncurrent liabilities
Asset retirement obligations	$	1,693.3	$	1,526.9
Operating lease obligation	135.2		64.3
Accrued pension and postretirement benefits	103.3		114.4
Unrecognized tax benefits	32.5		156.6
Other	271.7		239.9
	$	2,236.0	$	2,102.1

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(a)Final price deferred is product that has shipped to customers, but we retain control and do not recognize revenue until a sales contract has been agreed to with the customer.

(b)The timing of recognition of revenue related to our performance obligations may be different than the timing of collection of cash related to those performance obligations. Specifically, we collect prepayments from certain customers in Brazil. In addition, cash collection from Canpotex may occur prior to delivery of product to the end customer. We generally satisfy our contractual liabilities within one quarter of incurring the liability.

Interest expense, net was comprised of the following in 2022, 2021 and 2020:


	Years Ended December 31,
(in millions)	2022		2021		2020
Interest income	$	31.0	$	25.2	$	33.5
Less interest expense	168.8		194.3		214.1
Interest expense, net	$	(137.8)	$	(169.1)	$	(180.6)