Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Current assets:
Cash and cash equivalents	$ 70,548	$ 205,744	$ 64,013
Accounts receivable, less allowance	1,290,749	1,114,275	1,234,612
Inventories:
Finished goods	972,037	840,603	981,334
Work in process and raw materials	175,324	177,927	179,916
Total net inventory	1,147,361	1,018,530	1,161,250
Deferred income taxes	97,562	87,883	107,869
Other current assets	282,405	230,748	196,832
Total current assets	2,888,625	2,657,180	2,764,576
Goodwill	1,147,047	1,143,333	1,149,121
Intangible assets	250,574	255,371	277,919
Deferred pension assets	246,035	244,882	250,463
Other assets	449,003	436,309	412,335
Property, plant and equipment:
Land	120,568	119,530	121,626
Buildings	704,594	696,202	691,541
Machinery and equipment	2,071,637	2,026,617	1,946,261
Construction in progress	89,839	81,082	63,419
Total gross property, plant and equipment	2,986,638	2,923,431	2,822,847
Less allowances for depreciation	1,929,613	1,881,569	1,824,415
Total net property, plant and equipment	1,057,025	1,041,862	998,432
Total Assets	6,038,309	5,778,937	5,852,846
Current liabilities:
Short-term borrowings	128,675	39,462	1,405,369
Accounts payable	1,152,923	1,157,561	1,174,840
Compensation and taxes withheld	284,860	338,256	249,707
Accrued taxes	115,403	81,146	77,602
Current portion of long-term debt	2,179	3,154	3,143
Other accruals	578,521	522,280	468,384
Total current liabilities	2,262,561	2,141,859	3,379,045
Long-term debt	1,908,774	1,907,278	1,116,337
Postretirement benefits other than pensions	250,168	248,523	278,771
Other long-term liabilities	615,983	613,367	609,521
Shareholders’ equity:
Common stock - $1.00 par value 92,495,113, 92,246,525 and 93,186,295 shares outstanding at March 31, 2016, December 31, 2015 and March 31, 2015 respectively	116,043	115,761	115,118
Other capital	2,390,389	2,330,426	2,187,144
Retained earnings	3,298,270	3,228,876	2,493,469
Treasury stock, at cost	(4,235,794)	(4,220,058)	(3,798,254)
Cumulative other comprehensive loss	(568,085)	(587,095)	(528,305)
Total shareholders' equity	1,000,823	867,910	469,172
Total Liabilities and Shareholders’ Equity	$ 6,038,309	$ 5,778,937	$ 5,852,846