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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 631,439 $ 409,481
Trade accounts receivable, less allowances of $6,700 and $6,803, respectively 711,332 619,535
Inventories 798,837 677,534
Prepaid expenses and other current assets 154,241 92,643
Total current assets 2,295,849 1,799,193
Property, plant and equipment, net 1,993,877 1,840,758
Goodwill 2,038,408 1,741,496
Other intangible assets, net 830,772 637,208
Other assets, net 611,940 492,931
Total assets 7,770,846 6,511,586
Current liabilities:    
Revolving loans and current portion of long-term debt 20,251 28,036
Trade accounts payable 1,133,318 802,541
Accrued payroll and related costs 109,279 130,088
Accrued liabilities 245,674 230,955
Total current liabilities 1,508,522 1,191,620
Long-term debt 3,772,926 3,223,217
Deferred income taxes 435,252 355,995
Other liabilities 491,450 487,881
Commitments and contingencies
Stockholders’ equity:    
Common stock ($0.01 par value per share; 400,000,000 shares authorized, 175,112,496 shares issued and 110,410,229 and 110,057,027 shares outstanding, respectively) 1,751 1,751
Paid-in capital 325,448 306,363
Retained earnings 2,691,745 2,395,395
Accumulated other comprehensive loss (259,828) (260,953)
Treasury stock at cost (64,702,267 and 65,055,469 shares, respectively) (1,196,420) (1,189,683)
Total stockholders’ equity 1,562,696 1,252,873
Liabilities and equity, total $ 7,770,846 $ 6,511,586