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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 147,300 $ 140,895
Trade receivables, less allowance for credit loss of $6,171 and $5,789 244,005 254,187
Inventories (Note 4) 321,602 280,617
Investments, short-term (Note 17) 39,971 48,974
Prepaid income taxes 24,485 21,235
Notes receivable, insurance companies (Note 18) 3,943 3,914
Prepaid expenses and other current assets 44,848 42,982
Total current assets 826,154 792,804
Property, plant and equipment, net (Note 5) 205,995 207,793
Operating lease right-of-use assets, net 49,887 50,178
Prepaid pension cost (Note 15) 169,842 163,283
Deferred tax assets (Note 10) 34,796 35,257
Goodwill (Note 13) 631,821 636,858
Intangible assets, net (Note 13) 299,725 306,948
Notes receivable, insurance companies, noncurrent (Note 18) 44,893 44,626
Insurance receivables (Note 18) and other noncurrent assets 152,664 158,649
Total assets 2,415,777 2,396,396
Liabilities    
Notes payable and current portion of long-term debt (Note 12) 8,021 0
Accounts payable 108,407 106,780
Employees’ compensation 34,080 49,884
Insurance and product liability (Note 18) 57,037 55,125
Income taxes payable (Note 10) 14,361 5,366
Accrued restructuring and other current liabilities 112,031 113,451
Total current liabilities 333,937 330,606
Long-term debt, net (Note 12) 591,393 597,651
Pensions (Note 15) and other employee benefits 187,818 189,973
Noncurrent operating lease liabilities 40,219 40,706
Deferred tax liabilities (Note 10) 33,049 33,337
Product liability (Note 18) and other noncurrent liabilities 368,454 369,735
Total liabilities 1,554,870 1,562,008
Equity    
Preferred stock, 4.5% cumulative, $50 par value (Note 7) 3,569 3,569
Common stock, no par value (Note 7) 262,627 260,121
Treasury shares, at cost (Note 7) (332,760) (330,376)
Accumulated other comprehensive loss (Note 6) (140,993) (149,140)
Retained earnings 1,068,464 1,050,214
Total shareholders’ equity 860,907 834,388
Total liabilities and shareholders’ equity $ 2,415,777 $ 2,396,396