| 11. | Balance Sheet Information |
Supplemental balance sheet information as of December 31, 2013 and 2012 is as follows (in millions):
| 2013 | 2012 | |||||||
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Inventories: |
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Maturing and distilled spirits |
$ | 1,567.1 | $ | 1,465.6 | ||||
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Finished products |
192.3 | 179.6 | ||||||
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Other raw materials, supplies, and work in process |
83.9 | 117.8 | ||||||
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Total inventories |
$ | 1,843.3 | $ | 1,763.0 | ||||
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Property, plant and equipment: |
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Land and improvements |
$ | 118.0 | $ | 114.1 | ||||
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Buildings and improvements to leaseholds |
398.3 | 368.9 | ||||||
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Machinery and equipment |
855.5 | 829.4 | ||||||
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Construction in progress |
36.8 | 41.4 | ||||||
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Property, plant and equipment, gross |
$ | 1,408.6 | $ | 1,353.8 | ||||
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Less: accumulated depreciation |
592.9 | 565.9 | ||||||
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Property, plant and equipment, net of accumulated depreciation |
$ | 815.7 | $ | 787.9 | ||||
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Other current liabilities: |
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Deferred revenue |
$ | 78.7 | $ | 60.1 | ||||
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Accrued advertising |
52.6 | 62.6 | ||||||
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Accrued and deferred taxes |
71.5 | 120.7 | ||||||
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Accrued salaries, wages and other compensation |
64.7 | 69.6 | ||||||
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Accrued expenses and other current liabilities |
184.6 | 193.6 | ||||||
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Total other current liabilities |
$ | 452.1 | $ | 506.6 | ||||
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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.