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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 134,047 $ 140,895
Trade receivables, less allowance for credit loss of $6,051 and $5,789 265,290 254,187
Inventories (Note 4) 341,544 280,617
Investments, short-term (Note 17) 34,857 48,974
Prepaid income taxes 26,789 21,235
Notes receivable, insurance companies (Note 18) 3,972 3,914
Prepaid expenses and other current assets 37,980 42,982
Total current assets 844,479 792,804
Property, plant and equipment, net (Note 5) 203,036 207,793
Operating lease right-of-use assets, net 46,641 50,178
Prepaid pension cost (Note 15) 176,373 163,283
Deferred tax assets (Note 10) 33,724 35,257
Goodwill (Note 13) 619,449 636,858
Intangible assets, net (Note 13) 290,221 306,948
Notes receivable, insurance companies, noncurrent (Note 18) 45,161 44,626
Insurance receivables (Note 18) and other noncurrent assets 149,363 158,649
Total assets 2,408,447 2,396,396
Liabilities    
Notes payable and current portion of long-term debt (Note 12) 7,433 0
Accounts payable 111,861 106,780
Employees’ compensation 38,197 49,884
Insurance and product liability (Note 18) 58,661 55,125
Income taxes payable (Note 10) 19,058 5,366
Accrued restructuring and other current liabilities 101,048 113,451
Total current liabilities 336,258 330,606
Long-term debt, net (Note 12) 615,778 597,651
Pensions (Note 15) and other employee benefits 181,958 189,973
Noncurrent operating lease liabilities 37,626 40,706
Deferred tax liabilities (Note 10) 31,342 33,337
Product liability (Note 18) and other noncurrent liabilities 367,415 369,735
Total liabilities 1,570,377 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) 267,645 260,121
Treasury shares, at cost (Note 7) (360,914) (330,376)
Accumulated other comprehensive loss (Note 6) (170,278) (149,140)
Retained earnings 1,098,048 1,050,214
Total shareholders’ equity 838,070 834,388
Total liabilities and shareholders’ equity $ 2,408,447 $ 2,396,396