CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2017		Dec. 31, 2016
ASSETS
Cash and cash equivalents	$ 730,083		$ 534,320
Accounts receivable, net	8,171,092		6,746,687
Inventories	3,302,518		2,855,645
Other current assets	214,066		180,069
Total current assets	12,417,759		10,316,721
Property, plant, and equipment, at cost:
Land	12,866		23,456
Buildings and improvements	160,664		175,141
Machinery and equipment	1,330,730		1,297,657
Property, plant, and equipment, gross	1,504,260		1,496,254
Less: Accumulated depreciation and amortization	(665,785)		(739,955)
Property, plant, and equipment, net	838,475		756,299
Investments in affiliated companies	88,347		88,401
Intangible assets, net	286,215		336,882
Goodwill	2,470,047	[1]	2,392,220	[2]
Other assets	361,966		315,843
Total assets	16,462,809		14,206,366
LIABILITIES AND EQUITY
Accounts payable	6,756,830		5,774,151
Accrued expenses	842,933		821,244
Short-term borrowings, including current portion of long-term debt	356,806		93,827
Total current liabilities	7,956,569		6,689,222
Long-term debt	2,933,045		2,696,334
Other liabilities	572,971		355,190
Commitments and Contingencies (Note 14 and 15)
Equity:
Issued - 125,424 shares in both 2017 and 2016	125,424		125,424
Capital in excess of par value	1,114,167		1,112,114
Treasury stock (37,733 and 36,511 shares in 2017 and 2016, respectively), at cost	(1,762,239)		(1,637,476)
Retained earnings	5,599,192		5,197,230
Accumulated Other Comprehensive Loss	(125,005)		(383,854)
Total shareholders' equity	4,951,539		4,413,438
Noncontrolling interests	48,685		52,182
Total equity	5,000,224		4,465,620
Total liabilities and equity	$ 16,462,809		$ 14,206,366

[1] The total carrying value of goodwill of companies acquired as of December 31, 2017 in the table above is reflected net of $1,026,702 of accumulated impairment charges, of which $716,925 was recorded in the global components business segment and $309,777 was recorded in the global ECS business segment.

[2] The total carrying value of goodwill of companies acquired as of December 31, 2016 and December 31, 2015 in the table above is reflected net of $1,018,780 of accumulated impairment charges, of which $716,925 was recorded in the global components business segment and $301,855 was recorded in the global ECS business segment.