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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 158,737 $ 256,974
Receivables, net 751,532 724,603
Inventories, net 545,596 483,113
Other current assets 67,693 52,623
Total current assets 1,523,558 1,517,313
Property, plant, and equipment, net 340,857 342,708
Goodwill 1,555,908 1,544,635
Other intangible assets, net 589,932 620,897
Operating lease right-of-use assets, net 143,814 153,855
Prepaid pension asset 232,557 222,627
Other assets 54,472 47,567
Total assets 4,441,098 4,449,602
Current liabilities:    
Current portion of long-term debt 0 202,500
Accounts payable 233,602 266,525
Accrued expenses 144,073 177,536
Deferred revenue 264,766 242,483
Other current liabilities 78,486 82,395
Total current liabilities 720,927 971,439
Long-term debt 1,176,066 1,051,900
Deferred tax liabilities, net 117,882 123,001
Accrued pension and other postretirement benefit costs 58,267 58,348
Long-term operating lease liability 122,939 132,275
Long-term portion of environmental reserves 13,497 12,547
Other liabilities 93,256 107,973
Total liabilities 2,302,834 2,457,483
Stockholders' Equity    
Common stock, $1 par value, 100,000,000 shares authorized as of June 30, 2023 and December 31, 2022; 49,187,378 shares issued as of June 30, 2023 and December 31, 2022; outstanding shares were 38,292,332 as of June 30, 2023 and 38,259,722 as of December 31, 2022 49,187 49,187
Additional paid in capital 130,846 134,553
Retained earnings 3,297,281 3,174,396
Accumulated other comprehensive loss (225,375) (258,916)
Common treasury stock, at cost (10,895,046 shares as of June 30, 2023 and 10,927,656 shares as of December 31, 2022) (1,113,675) (1,107,101)
Total stockholders’ equity 2,138,264 1,992,119
Total liabilities and stockholders’ equity $ 4,441,098 $ 4,449,602