CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 229,393	$ 200,227
Non-controlling interests in subsidiaries’ earnings (loss)	(26)	(13)
Net income including non-controlling interests	229,367	200,214
Adjustments to reconcile Net income including non-controlling interests to Net cash provided by operating activities:
Rationalization and asset impairment net charges (gains) (Note 6)	1,069	(1,408)
Depreciation and amortization	60,400	53,946
Equity earnings in affiliates, net	(1,266)	(1,427)
Deferred income taxes	4,045	4,444
Stock-based compensation	12,602	13,583
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement (Gain) Loss, Net	(7,601)	0
Other, net	(7,362)	(5,945)
Changes in operating assets and liabilities, net of effects from acquisitions:
Decrease (increase) in accounts receivable	24,103	(25,492)
Increase in inventories	(36,476)	(41,533)
Decrease (increase) in other current assets	3,227	(12,081)
Decrease in trade accounts payable	(34,202)	(17,523)
Increase in other current liabilities	31,113	58,397
Net change in other assets and liabilities	1,647	4,602
NET CASH PROVIDED BY OPERATING ACTIVITIES	280,666	229,777
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(53,551)	(48,746)
Payments to Acquire Businesses, Net of Cash Acquired	(136,735)	6,591
Proceeds from sale of property, plant and equipment	9,491	10,585
Purchase of marketable securities	0	(268,335)
Proceeds from marketable securities	0	348,178
Other Investing Activities	2,000	0
NET CASH (USED BY) PROVIDED BY INVESTING ACTIVITIES	(178,795)	48,273
CASH FLOWS FROM FINANCING ACTIVITIES
Amounts due banks, net	2,439	(639)
Payments on long-term borrowings	(6)	(7)
Proceeds from exercise of stock options	6,210	4,448
Purchase of shares for treasury (Note 8)	(221,942)	(121,477)
Cash dividends paid to shareholders	(89,162)	(76,674)
Other financing activities	0	(2,170)
NET CASH USED BY FINANCING ACTIVITIES	(302,461)	(196,519)
Effect of Exchange Rate on Cash and Cash Equivalents	(1,647)	(10,032)
Cash and Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	(202,237)	71,499
Cash and Cash Equivalents, Beginning Balance	358,849	326,701
Cash and Cash Equivalents, Ending Balance	$ 156,612	$ 398,200