Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Current assets:
Cash and cash equivalents	$ 702,569	$ 205,744	$ 91,029
Accounts receivable, less allowance	1,458,073	1,114,275	1,413,946
Inventories:
Finished goods	947,059	840,603	871,008
Work in process and raw materials	165,453	177,927	181,822
Total net inventory	1,112,512	1,018,530	1,052,830
Deferred income taxes	148,550	87,883	107,063
Other current assets	286,527	230,748	257,694
Total current assets	3,708,231	2,657,180	2,922,562
Goodwill	1,144,738	1,143,333	1,146,726
Intangible assets	255,159	255,371	265,113
Deferred pension assets	246,051	244,882	252,188
Other assets	479,670	436,309	487,222
Property, plant and equipment:
Land	118,170	119,530	120,140
Buildings	709,640	696,202	694,121
Machinery and equipment	2,118,049	2,026,617	1,965,773
Construction in progress	111,252	81,082	82,672
Total gross property, plant and equipment	3,057,111	2,923,431	2,862,706
Less allowances for depreciation	1,973,189	1,881,569	1,847,539
Total net property, plant and equipment	1,083,922	1,041,862	1,015,167
Total Assets	6,917,771	5,778,937	6,088,978
Current liabilities:
Short-term borrowings	50,325	39,462	36,805
Accounts payable	1,224,358	1,157,561	1,216,342
Compensation and taxes withheld	379,887	338,256	330,144
Accrued taxes	145,167	81,146	187,904
Current portion of long-term debt	1,679	3,154	3,183
Other accruals	714,391	522,280	519,818
Total current liabilities	2,515,807	2,141,859	2,294,196
Long-term debt	1,909,713	1,907,278	1,907,106
Postretirement benefits other than pensions	253,457	248,523	280,530
Other long-term liabilities	641,011	613,367	630,981
Shareholders’ equity:
Common stock - $1.00 par value 92,907,741 92,246,525 and 93,100,515 shares outstanding at September 30, 2016, December 31, 2015 and September 30, 2015 respectively	116,457	115,761	115,613
Other capital	2,451,196	2,330,426	2,287,106
Retained earnings	3,924,686	3,228,876	3,093,265
Treasury stock, at cost	(4,236,335)	(4,220,058)	(3,950,402)
Cumulative other comprehensive loss	(658,221)	(587,095)	(569,417)
Total shareholders' equity	1,597,783	867,910	976,165
Total Liabilities and Shareholders’ Equity	$ 6,917,771	$ 5,778,937	$ 6,088,978

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.