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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 176,915 $ 222,194
Accounts receivable, net 12,322,717 11,123,946
Inventories 5,319,369 4,201,965
Other current assets 521,339 345,218
Total current assets 18,340,340 15,893,323
Property, plant, and equipment, at cost:    
Land 5,691 5,736
Buildings and improvements 184,211 186,097
Machinery and equipment 1,583,661 1,523,919
Property, plant, and equipment, gross 1,773,563 1,715,752
Less: Accumulated depreciation and amortization (1,177,107) (1,032,941)
Property, plant, and equipment, net 596,456 682,811
Investments in affiliated companies 65,112 63,695
Intangible assets, net 159,137 195,029
Goodwill [1] 2,027,626 2,080,371
Other assets 574,511 620,311
Total assets 21,763,182 19,535,540
LIABILITIES AND EQUITY    
Accounts payable 10,460,419 9,617,084
Accrued expenses 1,339,302 1,326,386
Short-term borrowings, including current portion of long-term debt 589,883 382,619
Total current liabilities 12,389,604 11,326,089
Long-term debt 3,182,964 2,244,443
Other liabilities 579,261 624,162
Equity:    
Issued - 125,424 shares in both 2022 and 2021 125,424 125,424
Capital in excess of par value 1,208,708 1,189,845
Treasury stock (66,175 and 57,358 shares in 2022 and 2021, respectively), at cost (4,637,345) (3,629,265)
Retained earnings 9,214,832 7,787,948
Accumulated other comprehensive loss (365,262) (191,657)
Total shareholders’ equity 5,546,357 5,282,295
Noncontrolling interests 64,996 58,551
Total equity 5,611,353 5,340,846
Total liabilities and equity $ 21,763,182 $ 19,535,540
[1] The total carrying value of goodwill as of December 31, 2022, 2021, and 2020 in the table above is reflected net of $1.6 billion of accumulated impairment charges, of which $1.3 billion was recorded in the global components business segment and $301.9 million was recorded in the global ECS business segment.