5. BALANCE SHEET INFORMATION
|
DECEMBER 31 (MILLIONS) |
|
2013 |
|
|
2012 |
| ||
|
|
|
|
|
|
|
| ||
|
Accounts receivable, net |
|
|
|
|
|
| ||
|
Accounts receivable |
|
$ |
2,648.9 |
|
|
$ |
2,298.3 |
|
|
Allowance for doubtful accounts |
|
(80.9 |
) |
|
(73.2 |
) | ||
|
Total |
|
$ |
2,568.0 |
|
|
$ |
2,225.1 |
|
|
Inventories |
|
|
|
|
|
| ||
|
Finished goods |
|
$ |
953.3 |
|
|
$ |
774.3 |
|
|
Raw materials and parts |
|
391.0 |
|
|
338.3 |
| ||
|
Inventories at FIFO cost |
|
1,344.3 |
|
|
1,112.6 |
| ||
|
Excess of FIFO cost over LIFO cost |
|
(22.4 |
) |
|
(24.5 |
) | ||
|
Total |
|
$ |
1,321.9 |
|
|
$ |
1,088.1 |
|
|
Property, plant and equipment, net |
|
|
|
|
|
| ||
|
Land |
|
$ |
191.4 |
|
|
$ |
158.9 |
|
|
Buildings and improvements |
|
666.0 |
|
|
562.1 |
| ||
|
Leasehold improvements |
|
87.9 |
|
|
80.5 |
| ||
|
Machinery and equipment |
|
1,677.5 |
|
|
1,281.2 |
| ||
|
Merchandising and customer equipment |
|
1,802.8 |
|
|
1,812.5 |
| ||
|
Capitalized software |
|
435.4 |
|
|
385.7 |
| ||
|
Construction in progress |
|
291.6 |
|
|
207.2 |
| ||
|
|
|
5,152.6 |
|
|
4,488.1 |
| ||
|
Accumulated depreciation |
|
(2,270.6 |
) |
|
(2,079.0 |
) | ||
|
Total |
|
$ |
2,882.0 |
|
|
$ |
2,409.1 |
|
|
Other intangible assets, net |
|
|
|
|
|
| ||
|
Cost of intangible assets not subject to amortization: |
|
|
|
|
|
| ||
|
Trade names |
|
$ |
1,230.0 |
|
|
$ |
1,230.0 |
|
|
Cost of intangible assets subject to amortization: |
|
|
|
|
|
| ||
|
Customer relationships |
|
$ |
3,455.6 |
|
|
$ |
2,588.6 |
|
|
Trademarks |
|
308.1 |
|
|
185.2 |
| ||
|
Patents |
|
425.6 |
|
|
414.7 |
| ||
|
Other technology |
|
210.2 |
|
|
174.8 |
| ||
|
|
|
4,399.5 |
|
|
3,363.3 |
| ||
|
Accumulated amortization: |
|
|
|
|
|
| ||
|
Customer relationships |
|
(594.9 |
) |
|
(373.1 |
) | ||
|
Trademarks |
|
(70.4 |
) |
|
(51.2 |
) | ||
|
Patents |
|
(95.7 |
) |
|
(65.6 |
) | ||
|
Other technology |
|
(83.2 |
) |
|
(59.3 |
) | ||
|
Total |
|
$ |
4,785.3 |
|
|
$ |
4,044.1 |
|
|
Other assets |
|
|
|
|
|
| ||
|
Deferred income taxes |
|
$ |
54.5 |
|
|
$ |
51.0 |
|
|
Deferred financing costs |
|
31.7 |
|
|
40.8 |
| ||
|
Pension |
|
90.2 |
|
|
7.0 |
| ||
|
Other |
|
231.5 |
|
|
207.8 |
| ||
|
Total |
|
$ |
407.9 |
|
|
$ |
306.6 |
|
|
|
|
|
|
|
|
| ||
|
DECEMBER 31 (MILLIONS) |
|
2013 |
|
|
2012 |
| ||
|
|
|
|
|
|
|
| ||
|
Other current liabilities |
|
|
|
|
|
| ||
|
Discounts and rebates |
|
$ |
263.2 |
|
|
$ |
244.4 |
|
|
Dividends payable |
|
82.8 |
|
|
— |
| ||
|
Interest payable |
|
19.6 |
|
|
19.5 |
| ||
|
Taxes payable, other than income |
|
115.3 |
|
|
97.3 |
| ||
|
Derivative liabilities |
|
14.2 |
|
|
9.9 |
| ||
|
Restructuring |
|
68.3 |
|
|
116.6 |
| ||
|
Future consideration payable to Champion sellers |
|
86.4 |
|
|
— |
| ||
|
Other |
|
304.0 |
|
|
283.3 |
| ||
|
Total |
|
$ |
953.8 |
|
|
$ |
771.0 |
|
|
Other liabilities |
|
|
|
|
|
| ||
|
Deferred income taxes |
|
$ |
1,661.3 |
|
|
$ |
1,174.2 |
|
|
Income taxes payable - noncurrent |
|
90.2 |
|
|
81.5 |
| ||
|
Restructuring |
|
12.9 |
|
|
— |
| ||
|
Other |
|
134.9 |
|
|
147.2 |
| ||
|
Total |
|
$ |
1,899.3 |
|
|
$ |
1,402.9 |
|
|
Accumulated other comprehensive loss |
|
|
|
|
|
| ||
|
Unrealized gain (loss) on derivative financial instruments, net of tax |
|
$ |
(6.6 |
) |
|
$ |
(13.6 |
) |
|
Unrecognized pension and postretirement benefit expense, net of tax |
|
(235.0 |
) |
|
(613.8 |
) | ||
|
Cumulative translation, net of tax |
|
(63.6 |
) |
|
167.7 |
| ||
|
Total |
|
$ |
(305.2 |
) |
|
$ |
(459.7 |
) |
|
|
|
|
|
|
|
| ||