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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Thousands, $ in Thousands
Common Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Shares
Total
Beginning Balance at Dec. 31, 2022 $ 9,858 $ 481,857 $ 3,306,500 $ (275,398) $ (2,488,776) $ 1,034,041
Beginning Balance (in shares) at Dec. 31, 2022 57,624          
Increase (Decrease) in Stockholders' Equity            
Net income     121,931     121,931
Defined benefit pension plan activity, net of tax       560   560
Unrealized gain (loss) on derivatives designated and qualifying as cash flow hedges, net of tax       9,131   9,131
Currency translation adjustment, net of tax       14,818   14,818
Cash dividends declared     (36,971)     (36,971)
Stock-based compensation activity   12,475     1,635 14,110
Stock-based compensation activity (in shares) 143          
Purchase of shares for treasury         (32,158) (32,158)
Purchase of shares for treasury (in shares) (194)          
Other   3,691 (3,917)     (226)
Ending Balance at Mar. 31, 2023 $ 9,858 498,023 3,387,543 (250,889) (2,519,299) 1,125,236
Ending Balance (in shares) at Mar. 31, 2023 57,573          
Beginning Balance at Dec. 31, 2022 $ 9,858 481,857 3,306,500 (275,398) (2,488,776) 1,034,041
Beginning Balance (in shares) at Dec. 31, 2022 57,624          
Increase (Decrease) in Stockholders' Equity            
Net income           388,605
Defined benefit pension plan activity, net of tax           (821)
Unrealized gain (loss) on derivatives designated and qualifying as cash flow hedges, net of tax           6,908
Currency translation adjustment, net of tax           3,478
Ending Balance at Sep. 30, 2023 $ 9,858 519,151 3,578,154 (265,833) (2,615,748) 1,225,582
Ending Balance (in shares) at Sep. 30, 2023 57,201          
Beginning Balance at Mar. 31, 2023 $ 9,858 498,023 3,387,543 (250,889) (2,519,299) 1,125,236
Beginning Balance (in shares) at Mar. 31, 2023 57,573          
Increase (Decrease) in Stockholders' Equity            
Net income     137,331     137,331
Defined benefit pension plan activity, net of tax       (1,366)   (1,366)
Unrealized gain (loss) on derivatives designated and qualifying as cash flow hedges, net of tax       (4,888)   (4,888)
Currency translation adjustment, net of tax       20,957   20,957
Cash dividends declared     (36,917)     (36,917)
Stock-based compensation activity   12,818     1,697 14,515
Stock-based compensation activity (in shares) 152          
Purchase of shares for treasury         (53,076) (53,076)
Purchase of shares for treasury (in shares) (312)          
Other   4,462 (4,830)     (368)
Ending Balance at Jun. 30, 2023 $ 9,858 515,303 3,483,127 (236,186) (2,570,678) 1,201,424
Ending Balance (in shares) at Jun. 30, 2023 57,413          
Increase (Decrease) in Stockholders' Equity            
Net income     129,343     129,343
Defined benefit pension plan activity, net of tax       (15)   (15)
Unrealized gain (loss) on derivatives designated and qualifying as cash flow hedges, net of tax       2,665   2,665
Currency translation adjustment, net of tax       (32,297)   (32,297)
Cash dividends declared     (36,876)     (36,876)
Stock-based compensation activity   6,513     285 6,798
Stock-based compensation activity (in shares) 26          
Purchase of shares for treasury         (45,355) (45,355)
Purchase of shares for treasury (in shares) (238)          
Other   (2,665) 2,560     (105)
Ending Balance at Sep. 30, 2023 $ 9,858 519,151 3,578,154 (265,833) (2,615,748) 1,225,582
Ending Balance (in shares) at Sep. 30, 2023 57,201          
Beginning Balance at Dec. 31, 2023 $ 9,858 523,357 3,688,038 (229,847) (2,682,554) 1,308,852
Beginning Balance (in shares) at Dec. 31, 2023 56,977          
Increase (Decrease) in Stockholders' Equity            
Net income     123,415     123,415
Defined benefit pension plan activity, net of tax       73   73
Unrealized gain (loss) on derivatives designated and qualifying as cash flow hedges, net of tax       3,715   3,715
Currency translation adjustment, net of tax       (13,395)   (13,395)
Cash dividends declared     (41,273)     (41,273)
Stock-based compensation activity   34,981     3,647 38,628
Stock-based compensation activity (in shares) 397          
Purchase of shares for treasury         (110,405) (110,405)
Purchase of shares for treasury (in shares) (466)          
Other   2,101 (3,883)     (1,782)
Ending Balance at Mar. 31, 2024 $ 9,858 560,439 3,766,297 (239,454) (2,789,312) 1,307,828
Ending Balance (in shares) at Mar. 31, 2024 56,908          
Beginning Balance at Dec. 31, 2023 $ 9,858 523,357 3,688,038 (229,847) (2,682,554) 1,308,852
Beginning Balance (in shares) at Dec. 31, 2023 56,977          
Increase (Decrease) in Stockholders' Equity            
Net income           325,879
Defined benefit pension plan activity, net of tax           2,851
Unrealized gain (loss) on derivatives designated and qualifying as cash flow hedges, net of tax           (6)
Currency translation adjustment, net of tax           (8,824)
Ending Balance at Sep. 30, 2024 $ 9,858 561,148 3,893,883 (235,826) (2,889,873) 1,339,190
Ending Balance (in shares) at Sep. 30, 2024 56,425          
Beginning Balance at Mar. 31, 2024 $ 9,858 560,439 3,766,297 (239,454) (2,789,312) 1,307,828
Beginning Balance (in shares) at Mar. 31, 2024 56,908          
Increase (Decrease) in Stockholders' Equity            
Net income     101,708     101,708
Defined benefit pension plan activity, net of tax       6   6
Unrealized gain (loss) on derivatives designated and qualifying as cash flow hedges, net of tax       (2,761)   (2,761)
Currency translation adjustment, net of tax       (7,696)   (7,696)
Cash dividends declared     (40,236)     (40,236)
Stock-based compensation activity   4,646     86 4,732
Stock-based compensation activity (in shares) 9          
Purchase of shares for treasury         (50,415) (50,415)
Purchase of shares for treasury (in shares) (242)          
Other   (5,758) 5,498     (260)
Ending Balance at Jun. 30, 2024 $ 9,858 559,327 3,833,267 (249,905) (2,839,641) 1,312,906
Ending Balance (in shares) at Jun. 30, 2024 56,675          
Increase (Decrease) in Stockholders' Equity            
Net income     100,756     100,756
Defined benefit pension plan activity, net of tax       2,772   2,772
Unrealized gain (loss) on derivatives designated and qualifying as cash flow hedges, net of tax       (960)   (960)
Currency translation adjustment, net of tax       12,267   12,267
Cash dividends declared     (40,105)     (40,105)
Stock-based compensation activity   1,863     160 2,023
Stock-based compensation activity (in shares) 17          
Purchase of shares for treasury         (50,392) (50,392)
Purchase of shares for treasury (in shares) (267)          
Other   (42) (35)     (77)
Ending Balance at Sep. 30, 2024 $ 9,858 $ 561,148 $ 3,893,883 $ (235,826) $ (2,889,873) $ 1,339,190
Ending Balance (in shares) at Sep. 30, 2024 56,425