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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities:    
Net income $ 675,443 $ 771,020
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 365,928 295,848
Share-based compensation 37,183 37,280
Excess tax deficiency (benefits) from share-based compensation 6,226 (8,301)
Other operating activities, including changes in operating assets and liabilities (574,091) 378
Net cash provided by operating activities 510,689 1,096,225
Investing activities:    
Purchases of property, plant and equipment (350,443) (385,590)
Proceeds from sale of property, plant and equipment 21,085 74,215
Acquisitions of businesses (181,987) (954,207)
Other investing activities 23,394 20,390
Net cash used in investing activities (487,951) (1,245,192)
Financing activities:    
Proceeds from debt 44,600 797,602
Payments on debt (567,368) (124,337)
Net proceeds of commercial paper 886,175 0
Shares issued from employee incentive plans (16,316) (16,524)
Dividends paid (420,571) (411,396)
Purchases of stock 0 (112,499)
Other financing activities (20,237) (8,018)
Net cash provided by (used in) financing activities (93,717) 124,828
Effect of exchange rate changes on cash and cash equivalents 22,347 250
Net decrease in cash and cash equivalents (48,632) (23,889)
Cash and cash equivalents at beginning of period 479,991 1,102,007
Cash and cash equivalents at end of period $ 431,359 $ 1,078,118