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Balance Sheet Information (Tables)
12 Months Ended
Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplemental Information on Balance Sheets

Supplemental information on our year-end consolidated balance sheets is as follows:

 

(In millions)

 

2022

 

 

 

2021

 

Inventories:

 

 

 

 

 

 

 

Raw materials and supplies

 

$

309.4

 

 

 

$

247.3

 

Work in process

 

 

83.5

 

 

 

 

64.7

 

Finished products

 

 

628.4

 

 

 

 

577.5

 

Total inventories

 

$

1,021.3

 

 

 

$

889.5

 

Property, plant and equipment:

 

 

 

 

 

 

 

Land and improvements

 

$

51.9

 

 

 

$

44.8

 

Buildings and improvements to leaseholds

 

 

285.1

 

 

 

 

270.9

 

Machinery and equipment

 

 

1,052.2

 

 

 

 

974.6

 

Construction in progress

 

 

225.1

 

 

 

 

141.8

 

Property, plant and equipment, gross

 

 

1,614.3

 

 

 

 

1,432.1

 

Less: accumulated depreciation

 

 

830.6

 

 

 

 

761.3

 

Property, plant and equipment, net of accumulated depreciation

 

$

783.7

 

 

 

$

670.8

 

Other current liabilities:

 

 

 

 

 

 

 

Accrued salaries, wages and other compensation

 

$

57.6

 

 

 

$

132.4

 

Accrued customer programs

 

 

227.6

 

 

 

 

241.7

 

Accrued taxes

 

 

24.8

 

 

 

 

65.5

 

Dividends payable

 

 

29.4

 

 

 

 

37.8

 

Other accrued expenses

 

 

184.5

 

 

 

 

169.0

 

Total other current liabilities

 

$

523.9

 

 

 

$

646.4