Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015
Current assets:
Cash and cash equivalents	$ 402,656	$ 205,744	$ 75,068
Accounts receivable, less allowance	1,473,078	1,114,275	1,454,045
Inventories:
Finished goods	975,366	840,603	945,918
Work in process and raw materials	176,866	177,927	186,058
Total net inventory	1,152,232	1,018,530	1,131,976
Deferred income taxes	155,407	87,883	107,902
Other current assets	300,569	230,748	234,923
Total current assets	3,483,942	2,657,180	3,003,914
Goodwill	1,144,700	1,143,333	1,151,720
Intangible assets	247,070	255,371	273,882
Deferred pension assets	246,090	244,882	251,684
Other assets	471,618	436,309	442,056
Property, plant and equipment:
Land	119,608	119,530	122,503
Buildings	708,573	696,202	696,426
Machinery and equipment	2,109,786	2,026,617	1,980,796
Construction in progress	100,508	81,082	69,274
Total gross property, plant and equipment	3,038,475	2,923,431	2,868,999
Less allowances for depreciation	1,966,218	1,881,569	1,863,680
Total net property, plant and equipment	1,072,257	1,041,862	1,005,319
Total Assets	6,665,677	5,778,937	6,128,575
Current liabilities:
Short-term borrowings	59,203	39,462	1,159,284
Accounts payable	1,289,406	1,157,561	1,253,894
Compensation and taxes withheld	311,111	338,256	267,352
Accrued taxes	230,294	81,146	193,834
Current portion of long-term debt	2,179	3,154	3,179
Other accruals	733,020	522,280	479,696
Total current liabilities	2,625,213	2,141,859	3,357,239
Long-term debt	1,909,217	1,907,278	1,116,667
Postretirement benefits other than pensions	251,812	248,523	279,650
Other long-term liabilities	632,806	613,367	617,677
Shareholders’ equity:
Common stock - $1.00 par value 92,221,707, 92,246,525 and 93,210,645 shares outstanding at June 30, 2016, December 31, 2015 and June 30, 2015 respectively	116,259	115,761	115,394
Other capital	2,412,599	2,330,426	2,241,197
Retained earnings	3,616,095	3,228,876	2,780,764
Treasury stock, at cost	(4,236,235)	(4,220,058)	(3,863,351)
Cumulative other comprehensive loss	(662,089)	(587,095)	(516,662)
Total shareholders' equity	1,246,629	867,910	757,342
Total Liabilities and Shareholders’ Equity	$ 6,665,677	$ 5,778,937	$ 6,128,575

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.