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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 380,868 $ 385,504
Receivables, net 1,516,871 1,347,514
Inventories, net 1,366,608 1,191,095
Prepaid and other current assets 159,118 137,596
Total current assets 3,423,465 3,061,709
Property, plant and equipment, net 1,004,825 957,310
Goodwill 4,669,494 4,558,822
Intangible assets, net 1,333,735 1,359,522
Other assets and deferred charges 465,000 466,264
Total assets 10,896,519 10,403,627
Current liabilities:    
Short-term borrowings 735,772 105,702
Accounts payable 1,068,144 1,073,568
Accrued compensation and employee benefits 269,785 302,978
Deferred revenue 256,933 227,549
Accrued insurance 92,876 101,448
Other accrued expenses 318,337 347,097
Federal and other income taxes 31,427 91,999
Total current liabilities 2,773,274 2,250,341
Long-term debt 2,942,513 3,018,714
Deferred income taxes 375,150 364,117
Noncurrent income tax payable 44,313 48,385
Other liabilities 474,903 532,542
Stockholders' equity:    
Preferred stock - $100 par value; 100,000 shares authorized; none issued 0 0
Common stock - $1 par value; 500,000,000 shares authorized; 259,643,756 and 259,457,233 shares issued at December 31, 2022 and 2021 259,644 259,457
Additional paid-in capital 867,560 857,636
Retained earnings 10,223,070 9,445,245
Accumulated other comprehensive loss (266,223) (154,052)
Treasury stock, at cost: 119,945,271 and 115,411,548 shares at December 31, 2022 and 2021 (6,797,685) (6,218,758)
Total stockholders' equity 4,286,366 4,189,528
Total liabilities and stockholders' equity $ 10,896,519 $ 10,403,627