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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Sep. 30, 2014
Current assets:      
Cash and cash equivalents $ 91,029 $ 40,732 $ 261,346
Accounts receivable, less allowance 1,413,946 1,130,565 1,408,967
Inventories:      
Finished goods 871,008 841,784 866,908
Work in process and raw materials 181,822 191,743 179,734
Total net inventory 1,052,830 1,033,527 1,046,642
Deferred income taxes 107,063 109,087 101,815
Other current assets 259,368 252,869 260,965
Total current assets 2,924,236 2,566,780 3,079,735
Goodwill 1,146,726 1,158,346 1,167,047
Intangible assets 265,113 289,127 295,251
Deferred pension assets 252,188 250,144 304,207
Other assets 498,593 420,625 457,480
Property, plant and equipment:      
Land 120,140 125,691 129,309
Buildings 694,121 698,202 703,351
Machinery and equipment 1,965,773 1,952,037 1,916,091
Construction in progress 82,672 59,330 48,360
Total gross property, plant and equipment 2,862,706 2,835,260 2,797,111
Less allowances for depreciation 1,847,539 1,814,230 1,783,826
Total net property, plant and equipment 1,015,167 1,021,030 1,013,285
Total Assets 6,102,023 5,706,052 6,317,005
Current liabilities:      
Short-term borrowings 36,805 679,436 55,621
Accounts payable 1,216,342 1,042,182 1,266,167
Compensation and taxes withheld 330,144 360,458 344,815
Accrued taxes 187,904 86,744 192,464
Current portion of long-term debt 3,183 3,265 502,278
Other accruals 519,818 508,581 507,037
Total current liabilities 2,294,196 2,680,666 2,868,382
Long-term debt 1,920,150 1,122,715 1,122,699
Postretirement benefits other than pensions 280,530 277,892 273,706
Other long-term liabilities 630,982 628,309 700,282
Shareholders’ equity:      
Common stock - $1.00 par value 93,100,515, 94,704,173 and 95,997,693 shares outstanding at September 30, 2015, December 31, 2014 and September 30, 2014 respectively 115,613 114,525 114,211
Other capital 2,287,106 2,079,639 2,019,493
Retained earnings 3,093,265 2,424,674 2,345,016
Treasury stock, at cost (3,950,402) (3,150,410) (2,754,998)
Cumulative other comprehensive loss (569,417) (471,958) (371,786)
Total shareholders' equity 976,165 996,470 1,351,936
Total Liabilities and Shareholders’ Equity $ 6,102,023 $ 5,706,052 $ 6,317,005