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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 28, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 248,000 $ 218,053
Accounts receivable, net 11,726,601 12,238,073
Inventories 4,529,655 5,187,225
Other current assets 1,022,620 684,126
Total current assets 17,526,876 18,327,477
Property, plant, and equipment, at cost:    
Land 5,691 5,691
Buildings and improvements 193,315 195,579
Machinery and equipment 1,648,708 1,632,606
Property, plant, and equipment, gross 1,847,714 1,833,876
Less: Accumulated depreciation and amortization (1,354,179) (1,303,136)
Property, plant, and equipment, net 493,535 530,740
Investments in affiliated companies 61,506 62,741
Intangible assets, net 105,313 127,440
Goodwill 2,084,160 2,050,426
Other assets 663,259 627,344
Total assets 20,934,649 21,726,168
LIABILITIES AND EQUITY    
Accounts payable 9,392,389 10,070,015
Accrued expenses 1,668,633 1,463,915
Short-term borrowings, including current portion of long-term debt 909,826 1,653,954
Total current liabilities 11,970,848 13,187,884
Long-term debt 2,363,241 2,153,553
Other liabilities 564,483 507,424
Contingencies (Note L)
Equity:    
Common stock, par value $1: Authorized - 160,000 shares in both 2024 and 2023 Issued - 58,059 and 57,691 shares in 2024 and 2023, respectively 58,059 57,691
Capital in excess of par value 582,572 553,340
Treasury stock (5,472 and 3,880 shares in 2024 and 2023, respectively), at cost (506,157) (297,745)
Retained earnings 6,083,083 5,790,217
Accumulated other comprehensive loss (254,460) (298,039)
Total shareholders' equity 5,963,097 5,805,464
Noncontrolling interests 72,980 71,843
Total equity 6,036,077 5,877,307
Total liabilities and equity $ 20,934,649 $ 21,726,168