CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 388,605	$ 363,078
Adjustments to reconcile Net income to Net cash provided by operating activities:
Rationalization and asset impairment net charges (Note 6)	1,128	7,776
Depreciation and amortization	64,701	59,009
Equity (loss) earnings in affiliates, net	(463)	254
Deferred income taxes	3,201	(34,403)
Stock-based compensation	22,124	20,949
Other, net	(3,435)	15,867
Changes in operating assets and liabilities, net of effects from acquisitions:
Decrease (increase) in accounts receivable	6,695	(64,569)
Decrease (increase) in inventories	57,781	(135,578)
Increase in other current assets	(14,729)	(34,368)
(Decrease) increase in trade accounts payable	(24,672)	19,572
Increase in other current liabilities	57,975	66,838
Net change in other assets and liabilities	(13,031)	(12,841)
NET CASH PROVIDED BY OPERATING ACTIVITIES	545,880	271,584
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(66,459)	(52,301)
Acquisition of businesses, net of cash acquired	(32,685)	(22,294)
Proceeds from sale of property, plant and equipment	4,596	2,338
Purchase of marketable securities	(6,561)	0
NET CASH USED BY INVESTING ACTIVITIES	(101,109)	(72,257)
CASH FLOWS FROM FINANCING ACTIVITIES
(Payments on) proceeds from short-term borrowings	(74,818)	9,399
(Payments on) proceeds from long-term borrowings	(7,997)	5,600
Proceeds from exercise of stock options	13,299	2,168
Purchase of shares for treasury	(130,589)	(156,216)
Cash dividends paid to shareholders	(111,277)	(98,377)
NET CASH USED BY FINANCING ACTIVITIES	(311,382)	(237,426)
Effect of exchange rate changes on Cash and cash equivalents	12,128	(13,552)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	145,517	(51,651)
Cash and cash equivalents at beginning of period	197,150	192,958
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 342,667	$ 141,307