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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 164,499 $ 162,902
Trade receivables, less allowance for credit loss of $7,262 and $6,769 294,907 297,028
Inventories (Note 4) 324,077 338,316
Investments, short-term (Note 16) 0 9,905
Prepaid income taxes 29,379 21,700
Notes receivable, insurance companies (Note 17) 0 5,931
Prepaid expenses and other current assets 38,957 44,344
Total current assets 851,819 880,126
Property, plant and equipment, net (Note 5) 205,650 207,552
Operating lease right-of-use assets, net 49,125 44,142
Prepaid pension cost (Note 14) 151,400 141,643
Deferred tax assets (Note 10) 25,966 25,490
Goodwill (Note 13) 620,343 620,622
Intangible assets, net (Note 13) 268,321 281,853
Notes receivable, insurance companies (Note 17) 0 38,695
Insurance receivables (Note 17) and other noncurrent assets 21,711 136,853
Total assets 2,194,335 2,376,976
Liabilities    
Notes payable and current portion of long-term debt (Note 12) 26,198 7,387
Accounts payable 108,554 112,532
Employees’ compensation 58,821 45,077
Insurance and product liability (Note 17) 9,551 73,898
Income taxes payable (Note 10) 28,205 6,149
Accrued restructuring (Note 3) and other current liabilities 94,072 100,822
Total current liabilities 325,401 345,865
Long-term debt, net (Note 12) 715,814 565,445
Pensions and other employee benefits (Note 14) 137,563 137,810
Noncurrent operating lease liabilities 40,913 35,345
Deferred tax liabilities (Note 10) 102,155 31,881
Product liability (Note 17) and other noncurrent liabilities 3,763 336,889
Total liabilities 1,325,609 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) 303,417 281,980
Treasury shares, at cost (Note 7) (363,371) (361,438)
Accumulated other comprehensive loss (Note 6) (160,410) (158,717)
Retained earnings 1,085,521 1,158,347
Total shareholders’ equity 868,726 923,741
Total liabilities and shareholders’ equity $ 2,194,335 $ 2,376,976