BEAM INC | 2013 | FY | 3


11. Balance Sheet Information

Supplemental balance sheet information as of December 31, 2013 and 2012 is as follows (in millions):

 

     2013      2012  

Inventories:

     

Maturing and distilled spirits

   $ 1,567.1       $ 1,465.6   

Finished products

     192.3         179.6   

Other raw materials, supplies, and work in process

     83.9         117.8   
  

 

 

    

 

 

 

Total inventories

   $ 1,843.3       $ 1,763.0   
  

 

 

    

 

 

 

Property, plant and equipment:

     

Land and improvements

   $ 118.0       $ 114.1   

Buildings and improvements to leaseholds

     398.3         368.9   

Machinery and equipment

     855.5         829.4   

Construction in progress

     36.8         41.4   
  

 

 

    

 

 

 

Property, plant and equipment, gross

   $ 1,408.6       $ 1,353.8   

Less: accumulated depreciation

     592.9         565.9   
  

 

 

    

 

 

 

Property, plant and equipment, net of accumulated depreciation

   $ 815.7       $ 787.9   
  

 

 

    

 

 

 

Other current liabilities:

     

Deferred revenue

   $ 78.7       $ 60.1   

Accrued advertising

     52.6         62.6   

Accrued and deferred taxes

     71.5         120.7   

Accrued salaries, wages and other compensation

     64.7         69.6   

Accrued expenses and other current liabilities

     184.6         193.6   
  

 

 

    

 

 

 

Total other current liabilities

   $ 452.1       $ 506.6   
  

 

 

    

 

 

 

We revised our presentation of distilled spirits inventory balances to now be included as a component of “maturing and distilled spirits” inventory. We previously presented distilled spirits inventory balances as a component of “Other raw materials, supplies and work in process.” We revised our presentation so that all distilled spirits inventory (both aged and unaged) are presented as one inventory sub-component. The impact of the revision resulted in a reduction of the previously reported December 31, 2012 “other raw materials, supplies and work in process” inventory balance of $14 million and an increase in the “maturing and distilled spirits” inventory balance of $14 million. Total inventory was not impacted as a result of this revision in presentation.


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