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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 385,042 $ 406,867
Receivables, net 835,037 732,678
Inventories, net 541,442 510,033
Other current assets 88,073 67,502
Total current assets 1,849,594 1,717,080
Property, plant, and equipment, net 339,118 332,796
Goodwill 1,675,718 1,558,826
Other intangible assets, net 596,831 557,612
Operating lease right-of-use assets, net 169,350 141,435
Prepaid pension asset 299,130 261,869
Other assets 55,963 51,351
Total assets 4,985,704 4,620,969
Current liabilities:    
Current portion of long-term and short-term debt 90,000 0
Accounts payable 247,185 243,833
Accrued expenses 219,054 188,039
Deferred revenue 459,421 303,872
Other current liabilities 80,288 70,800
Total current liabilities 1,095,948 806,544
Long-term debt 958,949 1,050,362
Deferred tax liabilities 140,659 132,319
Accrued pension and other postretirement benefit costs 67,413 66,875
Long-term operating lease liability 148,175 118,611
Other liabilities 124,761 117,845
Total liabilities 2,535,905 2,292,556
Contingencies and Commitments (Notes 9, 13, and 18)
STOCKHOLDERS’ EQUITY    
Common stock, $1 par value, 100,000,000 shares authorized as of December 31, 2024 and December 31, 2023; 49,187,378 shares issued as of December 31, 2024 and December 31, 2023; outstanding shares were 37,650,645 as of December 31, 2024 and 38,202,754 as of December 31, 2023 49,187 49,187
Additional paid in capital 147,940 140,182
Retained earnings 3,861,073 3,487,751
Accumulated other comprehensive loss (243,225) (213,223)
Common treasury stock, at cost (11,536,733 shares as of December 31, 2024 and 10,984,624 shares as of December 31, 2023) (1,365,176) (1,135,484)
Total stockholders' equity 2,449,799 2,328,413
Total liabilities and stockholders' equity $ 4,985,704 $ 4,620,969