ECOLAB INC | 2013 | FY | 3


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

)

 

 

 

 

 

 

 

 


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