CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016
Current Assets
Cash and equivalents	$ 381,887	$ 869,531	$ 599,708
Accounts receivable, net	806,800	1,115,217	748,074
Inventories	769,799	613,798	698,316
Prepaid expenses and other current assets	362,879	341,518	349,859
Total current assets	2,321,365	2,940,064	2,395,957
Noncurrent Assets
Property, plant, and equipment, net	783,469	773,965	732,667
Goodwill	1,389,920	1,387,628	1,401,567
Other noncurrent assets	1,426,175	1,392,137	1,438,754
Total Assets	5,920,929	6,493,794	5,968,945
Current Liabilities
Short-term borrowings	180,000	192,168	0
Current portion of long-term debt	250,000	0	300,000
Accounts payable	481,412	664,857	424,349
Accrued liabilities	450,316	628,826	495,383
Income taxes payable	9,316	19,722	14,393
Total current liabilities	1,371,044	1,505,573	1,234,125
Noncurrent Liabilities
Long-term debt	1,884,982	2,134,271	1,785,427
Other noncurrent liabilities	448,962	446,168	474,273
Total noncurrent liabilities	2,333,944	2,580,439	2,259,700
Stockholders’ Equity
Common stock $1.00 par value, 1.0 billion shares authorized; 441.4 million shares issued	441,369	441,369	441,369
Additional paid-in capital	1,798,726	1,790,832	1,797,967
Treasury stock at cost: 98.8 million shares, 101.0 million shares, and 99.0 million shares, respectively	(2,422,197)	(2,426,749)	(2,476,006)
Retained earnings	3,301,875	3,545,359	3,542,486
Accumulated other comprehensive loss	(903,832)	(943,029)	(830,696)
Total stockholders’ equity	2,215,941	2,407,782	2,475,120
Total Liabilities and Stockholders’ Equity	$ 5,920,929	$ 6,493,794	$ 5,968,945

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.