CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2019		Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 300,103		$ 509,327
Accounts receivable, net	8,482,687		8,945,463
Inventories	3,477,120		3,878,678
Other current assets	266,249		274,832
Total current assets	12,526,159		13,608,300
Property, plant, and equipment, at cost:
Land	7,793		7,882
Buildings and improvements	173,370		158,712
Machinery and equipment	1,481,525		1,425,933
Property, plant, and equipment, gross	1,662,688		1,592,527
Less: Accumulated depreciation and amortization	(859,578)		(767,827)
Property, plant, and equipment, net	803,110		824,700
Investments in affiliated companies	86,942		83,693
Intangible assets, net	271,903		372,644
Goodwill	2,061,322	[1]	2,624,690	[2]
Other assets	651,360		270,418
Total assets	16,400,796		17,784,445
LIABILITIES AND EQUITY
Accounts payable	7,046,221		7,631,879
Accrued expenses	880,507		912,292
Short-term borrowings, including current portion of long-term debt	331,431		246,257
Total current liabilities	8,258,159		8,790,428
Long-term debt	2,640,129		3,239,115
Other liabilities	636,115		378,536
Commitments and contingencies (Notes 15 and 16)
Equity:
Issued - 125,424 shares in both 2019 and 2018	125,424		125,424
Capital in excess of par value	1,150,006		1,135,934
Treasury stock (44,804 and 40,233 shares in 2019 and 2018, respectively), at cost	(2,332,548)		(1,972,254)
Retained earnings	6,131,248		6,335,335
Accumulated other comprehensive loss	(262,211)		(299,449)
Total shareholders' equity	4,811,919		5,324,990
Noncontrolling interests	54,474		51,376
Total equity	4,866,393		5,376,366
Total liabilities and equity	$ 16,400,796		$ 17,784,445

[1] The total carrying value of goodwill of companies acquired as of December 31, 2019 in the table above is reflected net of $1,588,955 of accumulated impairment charges, of which $1,287,100 was recorded in the global components business segment and $301,855 was recorded in the global ECS business segment.

[2] 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 $1,018,780 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.