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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 159,613 $ 140,895
Trade receivables, less allowance for credit loss of $6,460 and $5,789 249,298 254,187
Inventories (Note 4) 349,664 280,617
Investments, short-term (Note 17) 24,930 48,974
Prepaid income taxes 30,286 21,235
Notes receivable, insurance companies (Note 18) 5,901 3,914
Prepaid expenses and other current assets 42,408 42,982
Total current assets 862,100 792,804
Property, plant and equipment, net (Note 5) 199,530 207,793
Operating lease right-of-use assets, net 43,924 50,178
Prepaid pension cost (Note 15) 182,794 163,283
Deferred tax assets (Note 10) 32,039 35,257
Goodwill (Note 13) 607,161 636,858
Intangible assets, net (Note 13) 281,461 306,948
Notes receivable, insurance companies (Note 18) 38,428 44,626
Insurance receivables (Note 18) and other noncurrent assets 139,852 158,649
Total assets 2,387,289 2,396,396
Liabilities    
Notes payable and current portion of long-term debt (Note 12) 6,820 0
Accounts payable 104,972 106,780
Employees’ compensation 47,499 49,884
Insurance and product liability (Note 18) 67,716 55,125
Income taxes payable (Note 10) 22,555 5,366
Accrued restructuring and other current liabilities 99,576 113,451
Total current liabilities 349,138 330,606
Long-term debt, net (Note 12) 597,844 597,651
Pensions (Note 15) and other employee benefits 173,654 189,973
Noncurrent operating lease liabilities 35,412 40,706
Deferred tax liabilities (Note 10) 30,409 33,337
Product liability (Note 18) and other noncurrent liabilities 358,417 369,735
Total liabilities 1,544,874 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) 273,010 260,121
Treasury shares, at cost (Note 7) (361,657) (330,376)
Accumulated other comprehensive loss (Note 6) (197,415) (149,140)
Retained earnings 1,124,908 1,050,214
Total shareholders’ equity 842,415 834,388
Total liabilities and shareholders’ equity $ 2,387,289 $ 2,396,396