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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Sep. 30, 2021
Current Assets      
Cash and equivalents $ 348,970 $ 731,362 $ 148,508
Accounts receivable, net of allowances for credit losses of $12.5 million, $11.3 million and $10.7 million, respectively 1,381,534 1,072,684 1,437,904
Inventories 1,083,769 777,184 854,477
Prepaid expenses and other current assets 268,886 293,299 274,262
Total current assets 3,083,159 2,874,529 2,715,151
Noncurrent Assets      
Property, plant, and equipment, net 444,442 455,966 455,889
Right-of-use assets, net 323,490 325,484 325,871
Goodwill 1,370,986 1,390,207 1,389,715
Deferred income tax assets 439,965 526,906 579,950
Intangible assets, net 426,283 476,858 487,769
Other noncurrent assets 379,850 343,944 308,690
Total Assets 6,468,175 6,393,894 6,263,035
Current Liabilities      
Short-term borrowings 0 0 128,000
Current portion of long-term debt 250,000 0 0
Accounts payable 495,221 579,152 538,170
Accrued liabilities 780,522 991,592 919,047
Income taxes payable 50,366 27,509 101,619
Total current liabilities 1,576,109 1,598,253 1,686,836
Noncurrent Liabilities      
Long-term debt 2,324,459 2,570,992 2,569,835
Noncurrent lease liabilities 279,525 283,626 288,232
Other noncurrent liabilities 320,618 372,174 404,454
Total noncurrent liabilities 2,924,602 3,226,792 3,262,521
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 1,795,720 1,832,144 1,821,106
Treasury stock at cost: 87.0 million shares, 91.0 million shares and 90.7 million shares, respectively (2,130,163) (2,219,990) (2,228,910)
Retained earnings 2,831,572 2,456,597 2,230,764
Accumulated other comprehensive loss (971,034) (941,271) (950,651)
Total stockholders’ equity 1,967,464 1,568,849 1,313,678
Total Liabilities and Stockholders’ Equity $ 6,468,175 $ 6,393,894 $ 6,263,035