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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 457,993 $ 479,991
Trade accounts receivable, less allowance for doubtful accounts (2025 – $76,830; 2024 – $68,976) 2,600,737 2,182,856
Merchandise inventories, net 5,774,046 5,514,427
Prepaid expenses and other current assets 1,640,974 1,675,310
Total current assets 10,473,750 9,852,584
Goodwill 3,094,594 2,897,270
Other intangible assets, less accumulated amortization 1,877,578 1,799,031
Property, plant and equipment, less accumulated depreciation (2025 – $1,950,462; 2024 – $1,771,785) 2,053,449 1,950,760
Operating lease assets 1,939,322 1,769,720
Other assets 992,374 1,013,340
Total assets 20,431,067 19,282,705
Current liabilities:    
Trade accounts payable 5,996,943 5,923,684
Short-term borrowings 961,451 41,705
Current portion of long-term debt 101,230 500,000
Dividends payable 143,265 134,355
Other current liabilities 2,010,259 1,925,636
Total current liabilities 9,213,148 8,525,380
Long-term debt 3,744,118 3,742,640
Operating lease liabilities 1,614,961 1,458,391
Pension and other post–retirement benefit liabilities 222,244 218,629
Deferred tax liabilities 430,497 441,705
Other long-term liabilities 487,181 544,109
Equity:    
Preferred stock, par value – $1 per share; authorized – 10,000,000 shares; none issued 0 0
Common stock, par value – $1 per share; authorized – 450,000,000 shares; issued and outstanding – 2025 – 139,092,221 shares; 2024 – 138,779,664 shares 139,092 138,780
Additional paid-in capital 205,146 196,532
Accumulated other comprehensive loss (1,068,219) (1,261,743)
Retained earnings 5,426,894 5,263,838
Total parent equity 4,702,913 4,337,407
Noncontrolling interests in subsidiaries 16,005 14,444
Total equity 4,718,918 4,351,851
Total liabilities and equity $ 20,431,067 $ 19,282,705