XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 138,906 $ 162,902
Trade receivables, less allowance for credit loss of $6,901 and $6,769 279,707 297,028
Inventories (Note 4) 349,436 338,316
Investments, short-term (Note 16) 0 9,905
Prepaid income taxes 24,881 21,700
Notes receivable, insurance companies (Note 17) 0 5,931
Prepaid expenses and other current assets 38,367 44,344
Total current assets 831,297 880,126
Property, plant and equipment, net (Note 5) 207,115 207,552
Operating lease right-of-use assets, net 43,541 44,142
Prepaid pension cost (Note 14) 144,876 141,643
Deferred tax assets (Note 10) 26,383 25,490
Goodwill (Note 13) 623,443 620,622
Intangible assets, net (Note 13) 278,359 281,853
Notes receivable, insurance companies (Note 17) 0 38,695
Insurance receivables (Note 17) and other noncurrent assets 24,656 136,853
Total assets 2,179,670 2,376,976
Liabilities    
Notes payable and current portion of long-term debt (Note 12) 32,534 7,387
Accounts payable 106,225 112,532
Employees’ compensation 33,104 45,077
Insurance and product liability (Note 17) 9,911 73,898
Income taxes payable (Note 10) 17,692 6,149
Accrued restructuring (Note 3) and other current liabilities 93,065 100,822
Total current liabilities 292,531 345,865
Long-term debt, net (Note 12) 837,114 565,445
Pensions and other employee benefits (Note 14) 139,065 137,810
Noncurrent operating lease liabilities 34,583 35,345
Deferred tax liabilities (Note 10) 102,532 31,881
Product liability (Note 17) and other noncurrent liabilities 4,099 336,889
Total liabilities 1,409,924 1,453,235
Equity    
Preferred stock, 4.5% cumulative, $50 par value (Note 7) 3,569 3,569
Common stock, no par value (Note 7) 287,009 281,980
Treasury shares, at cost (Note 7) (363,879) (361,438)
Accumulated other comprehensive loss (Note 6) (147,082) (158,717)
Retained earnings 990,129 1,158,347
Total shareholders’ equity 769,746 923,741
Total liabilities and shareholders’ equity $ 2,179,670 $ 2,376,976