BALANCE SHEETS INFORMATION (Tables)

6 Months Ended

Jun. 30, 2026

BALANCE SHEETS INFORMATION [Abstract]

Schedule of Balance Sheet Information


(millions)						June 30 2026									December 31 2025
Accounts receivable, net
Accounts receivable						$3,601.1									$3,366.2
Allowance for expected credit losses and other accruals						(148.4)									(116.8)
Total						$3,452.7									$3,249.4

Inventories
Finished goods						$1,060.8									$962.1
Raw materials and parts						684.9									620.3
Inventories at FIFO cost						1,745.7									1,582.4
FIFO cost to LIFO cost difference						(101.8)									(92.0)
Total						$1,643.9									$1,490.4

Other current assets
Prepaid assets						$171.6									$159.5
Taxes receivable						242.2									229.8
Derivative assets						2.0									2.6
Contract assets						157.1									117.4
Other						215.0									60.3
Total						$787.9									$569.6

Property, plant and equipment, net
Land						$148.1									$149.2
Buildings and leasehold improvements						1,274.7									1,242.6
Machinery and equipment						2,606.0									2,496.4
Dispensing and monitoring equipment						3,286.5									3,193.1
Capitalized software						1,245.2									1,176.8
Construction in progress						945.0									858.1
						9,505.5									9,116.2
Accumulated depreciation						(5,059.7)									(4,839.6)
Total						$4,445.8									$4,276.6

Other intangible assets, net
Intangible assets not subject to amortization
Trade names						$1,230.0									$1,230.0
Intangible assets subject to amortization
Customer relationships						3,738.2									3,827.3
Patents						519.9									516.1
Trademarks						423.9									420.6
Other technologies						694.7									680.2
						5,376.7									5,444.2
Accumulated amortization
Customer relationships						(2,190.6)									(2,077.3)
Patents						(380.9)									(367.4)
Trademarks						(291.4)									(272.0)
Other technologies						(294.7)									(269.0)
						(3,157.6)									(2,985.7)
Net intangible assets subject to amortization						2,219.1									2,458.5
Total						$3,449.1									$3,688.5


(millions)						June 30 2026									December 31 2025
Other assets
Deferred income taxes						$199.0									$181.0
Pension						199.4									184.3
Derivative asset						$8.8									$2.9
Other						438.6									414.5
Total						$845.8									$782.7

Other current liabilities
Discounts and rebates						$522.4									$528.4
Dividends payable						204.6									205.9
Interest payable						86.3									64.8
Taxes payable, other than income						192.5									179.5
Derivative liability						49.6									5.4
Restructuring						92.0									102.5
Contract liability						204.9									173.0
Operating lease liabilities						165.9									164.7
Other						344.9									313.3
Total						$1,863.1									$1,737.5

Accumulated other comprehensive income (loss)
Unrealized gain (loss) on derivative financial instruments, net of tax						$17.2									($4.0)
Unrecognized pension and postretirement benefit expense, net of tax						(487.8)									(495.5)
Cumulative translation, net of tax						(1,175.7)									(1,374.8)
Total						($1,646.3)									($1,874.3)