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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 146,897 $ 162,902
Trade receivables, less allowance for credit loss of $7,124 and $6,769 302,201 297,028
Inventories (Note 4) 337,954 338,316
Investments, short-term (Note 16) 0 9,905
Prepaid income taxes 26,900 21,700
Notes receivable, insurance companies (Note 17) 0 5,931
Prepaid expenses and other current assets 36,428 44,344
Total current assets 850,380 880,126
Property, plant and equipment, net (Note 5) 206,066 207,552
Operating lease right-of-use assets, net 42,330 44,142
Prepaid pension cost (Note 14) 148,172 141,643
Deferred tax assets (Note 10) 26,867 25,490
Goodwill (Note 13) 626,262 620,622
Intangible assets, net (Note 13) 275,305 281,853
Notes receivable, insurance companies (Note 17) 0 38,695
Insurance receivables (Note 17) and other noncurrent assets 23,769 136,853
Total assets 2,199,151 2,376,976
Liabilities    
Notes payable and current portion of long-term debt (Note 12) 26,492 7,387
Accounts payable 107,046 112,532
Employees’ compensation 39,812 45,077
Insurance and product liability (Note 17) 9,613 73,898
Income taxes payable (Note 10) 25,191 6,149
Accrued restructuring (Note 3) and other current liabilities 91,796 100,822
Total current liabilities 299,950 345,865
Long-term debt, net (Note 12) 787,527 565,445
Pensions and other employee benefits (Note 14) 139,783 137,810
Noncurrent operating lease liabilities 33,870 35,345
Deferred tax liabilities (Note 10) 102,744 31,881
Product liability (Note 17) and other noncurrent liabilities 4,146 336,889
Total liabilities 1,368,020 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) 294,364 281,980
Treasury shares, at cost (Note 7) (363,624) (361,438)
Accumulated other comprehensive loss (Note 6) (141,928) (158,717)
Retained earnings 1,038,750 1,158,347
Total shareholders’ equity 831,131 923,741
Total liabilities and shareholders’ equity $ 2,199,151 $ 2,376,976