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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows provided by (used in) operating activities:    
Net income $ 156,906 $ 131,261
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 155,335 131,932
Amortization of debt discount and debt issuance costs 2,617 2,695
Rationalization charges 20,823 18,550
Stock compensation expense 7,755 7,948
Other changes that provided (used) cash:    
Trade accounts receivable, net (601,838) (474,482)
Inventories (293,758) (74,498)
Trade accounts payable (279,697) (227,429)
Accrued liabilities (19,577) (27,008)
Other, net (53,417) (15,882)
Net cash (used in) operating activities (904,851) (526,913)
Cash flows provided by (used in) investing activities:    
Capital expenditures (155,693) (131,442)
Proceeds from asset sales 9,552 2,984
Other, net 297 50
Net cash (used in) investing activities (145,844) (128,408)
Cash flows provided by (used in) financing activities:    
Borrowings under revolving loans 1,409,738 739,385
Repayments under revolving loans (51,959) (75,408)
Repayment of principal amounts under finance leases (2,427) (25,267)
Repayments of long-term debt (706,274) (100,000)
Changes in outstanding checks - principally vendors (84,971) (160,576)
Dividends paid on common stock (43,362) (41,453)
Repurchase of common stock (6,873) (7,735)
Net cash provided by financing activities 513,872 328,946
Effect of exchange rate changes on cash and cash equivalents 31,431 (13,753)
Cash and cash equivalents:    
Net (decrease) (505,392) (340,128)
Balance at beginning of year 822,854 642,923
Balance at end of period 317,462 302,795
Interest paid, net 103,432 90,832
Income taxes paid, net $ 45,259 $ 43,618