CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current Assets:
Cash and cash equivalents	$ 331,664	$ 385,042
Receivables, net	961,601	835,037
Inventories, net	610,884	541,442
Other current assets	95,571	88,073
Total current assets	1,999,720	1,849,594
Property, plant, and equipment, net	359,683	339,118
Goodwill	1,698,642	1,675,718
Other intangible assets, net	569,566	596,831
Operating lease right-of-use assets, net	192,317	169,350
Prepaid pension asset	314,921	299,130
Other assets	59,626	55,963
Total assets	5,194,475	4,985,704
Current liabilities:
Current portion of long-term and short-term debt	0	90,000
Accounts payable	261,070	247,185
Accrued expenses	178,780	219,054
Deferred revenue	500,245	459,421
Other current liabilities	86,431	80,288
Total current liabilities	1,026,526	1,095,948
Long-term debt	958,381	958,949
Deferred tax liabilities, net	144,815	140,659
Accrued pension and other postretirement benefit costs	69,712	67,413
Long-term operating lease liability	171,019	148,175
Other liabilities	112,302	124,761
Total liabilities	2,482,755	2,535,905
Stockholders' Equity
Common stock, $1 par value, 100,000,000 shares authorized as of June 30, 2025 and December 31, 2024; 49,187,378 shares issued as of June 30, 2025 and December 31, 2024; outstanding shares were 37,673,073 as of June 30, 2025 and 37,650,645 as of December 31, 2024	49,187	49,187
Additional paid in capital	149,650	147,940
Retained earnings	4,066,497	3,861,073
Accumulated other comprehensive loss	(168,117)	(243,225)
Common treasury stock, at cost (11,514,305 shares as of June 30, 2025 and 11,536,733 shares as of December 31, 2024)	(1,385,497)	(1,365,176)
Total stockholders’ equity	2,711,720	2,449,799
Total liabilities and stockholders’ equity	$ 5,194,475	$ 4,985,704

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).