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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
ASSETS    
Cash and cash equivalents $ 509,327 $ 730,083
Accounts receivable, net 8,945,463 8,125,588
Inventories 3,878,678 3,302,518
Other current assets 274,832 256,028
Total current assets 13,608,300 12,414,217
Property, plant, and equipment, at cost:    
Land 7,882 12,866
Buildings and improvements 158,712 160,664
Machinery and equipment 1,425,933 1,330,730
Property, plant, and equipment, gross 1,592,527 1,504,260
Less: Accumulated depreciation and amortization (767,827) (665,785)
Property, plant, and equipment, net 824,700 838,475
Investments in affiliated companies 83,693 88,347
Intangible assets, net 372,644 286,215
Goodwill [1] 2,624,690 2,470,047
Other assets 270,418 361,966
Total assets 17,784,445 16,459,267
LIABILITIES AND EQUITY    
Accounts payable 7,631,879 6,756,830
Accrued expenses 912,292 841,675
Short-term borrowings, including current portion of long-term debt 246,257 356,806
Total current liabilities 8,790,428 7,955,311
Long-term debt 3,239,115 2,933,045
Other liabilities 378,536 572,971
Commitments and contingencies (Notes 14 and 15)
Equity:    
Issued - 125,424 shares in both 2018 and 2017 125,424 125,424
Capital in excess of par value 1,135,934 1,114,167
Treasury stock (40,233 and 37,733 shares in 2018 and 2017, respectively), at cost (1,972,254) (1,762,239)
Retained earnings 6,335,335 5,596,786
Accumulated other comprehensive loss (299,449) (124,883)
Total shareholders' equity 5,324,990 4,949,255
Noncontrolling interests 51,376 48,685
Total equity 5,376,366 4,997,940
Total liabilities and equity $ 17,784,445 $ 16,459,267
[1] The total carrying value of goodwill of companies acquired as of December 31, 2018 and 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.