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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 460,424 $ 625,758
Notes receivable 13,174 9,076
Accounts receivable, less allowances of $10,701 at 2021 and $11,162 at 2020 541,596 506,305
Inventories:    
Finished goods 324,187 264,785
Work in process 26,998 24,594
Raw materials and supplies 95,735 98,277
Total inventories 446,920 387,656
Other current assets 43,309 53,420
Total current assets 1,505,423 1,582,215
Property, plant and equipment:    
Land and land improvements 57,874 57,941
Buildings 363,170 355,564
Machinery and equipment 2,171,897 2,154,000
Molds, cores and rings 268,361 266,671
Total property, plant and equipment 2,861,302 2,834,176
Less: Accumulated depreciation 1,778,603 1,756,552
Property, plant and equipment, net 1,082,699 1,077,624
Operating lease right-of-use assets, net of accumulated amortization of $48,514 at 2021 and $46,045 at 2020 102,313 91,884
Goodwill 18,851 18,851
Intangibles, net of accumulated amortization of $147,225 at 2021 and $143,097 at 2020 94,114 95,376
Restricted cash 60,309 967
Deferred income tax assets 28,030 30,572
Investment in joint venture 53,563 53,494
Other assets 11,780 20,590
Total assets 2,957,082 2,971,573
Current liabilities:    
Short-term borrowings 4,569 15,614
Accounts payable 337,147 297,578
Accrued liabilities 246,237 308,287
Income taxes payable 7,959 2,254
Current portion of long-term debt and finance leases 20,974 24,377
Total current liabilities 616,886 648,110
Long-term debt and finance leases 309,187 314,265
Noncurrent operating leases 81,419 71,391
Postretirement benefits other than pensions 220,204 221,395
Pension benefits 144,315 152,110
Other long-term liabilities 160,881 152,242
Deferred income tax liabilities 1,412 1,469
Equity:    
Preferred stock, $1 par value; 5,000,000 shares authorized; none issued 0 0
Common stock, $1 par value; 300,000,000 shares authorized; 87,850,292 shares issued at 2021 and 2020 87,850 87,850
Capital in excess of par value 18,923 20,815
Retained earnings 2,663,214 2,646,567
Accumulated other comprehensive loss (451,462) (446,909)
Parent stockholders' equity before treasury stock 2,318,525 2,308,323
Less: Common shares in treasury at cost (37,327,627 at 2021 and 37,454,209 at 2020) (917,144) (919,424)
Total parent stockholders' equity 1,401,381 1,388,899
Noncontrolling shareholders' interests in consolidated subsidiaries 21,397 21,692
Total equity 1,422,778 1,410,591
Total liabilities and equity $ 2,957,082 $ 2,971,573