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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Jun. 30, 2017
Current assets:      
Cash and cash equivalents $ 154,973 $ 204,213 $ 210,049
Accounts receivable, less allowance 2,625,066 2,104,555 2,377,874
Inventories:      
Finished goods 1,443,538 1,415,339 1,468,671
Work in process and raw materials 431,113 386,036 386,266
Total net inventory 1,874,651 1,801,375 1,854,937
Other current assets 382,515 355,697 411,141
Total current assets 5,037,205 4,465,840 4,854,001
Property, plant and equipment:      
Land 245,247 254,676 259,415
Buildings 919,212 962,094 961,870
Machinery and equipment 2,589,790 2,572,963 2,595,633
Construction in progress 143,393 177,056 134,518
Total gross property, plant and equipment 3,897,642 3,966,789 3,951,436
Less allowances for depreciation 2,121,264 2,089,674 2,061,519
Total net property, plant and equipment 1,776,378 1,877,115 1,889,917
Goodwill 6,994,206 6,814,345 7,178,113
Intangible assets 5,463,518 6,002,361 6,002,534
Deferred pension assets 301,664 296,743 224,695
Other assets 581,761 502,023 568,138
Total assets 20,154,732 19,958,427 20,717,398
Current liabilities:      
Short-term borrowings 650,718 633,731 51,904
Accounts payable 2,049,123 1,791,552 1,783,648
Compensation and taxes withheld 405,762 508,166 395,867
Accrued taxes 173,022 79,901 320,890
Current portion of long-term debt 1,179 1,179 701,101
Other accruals 910,283 972,651 898,503
Total current liabilities 4,190,087 3,987,180 4,151,913
Long-term debt 9,722,918 9,885,745 10,751,284
Postretirement benefits other than pensions 276,796 274,675 253,434
Deferred income taxes 1,380,370 1,434,196 2,467,348
Other long-term liabilities 837,472 684,443 702,159
Shareholders’ equity:      
Common stock 117,964 117,561 117,071
Other capital 2,795,196 2,723,183 2,606,757
Retained earnings 5,997,628 5,502,730 4,448,788
Treasury stock, at cost (4,621,250) (4,266,416) (4,262,120)
Cumulative other comprehensive loss (542,449) (384,870) (519,236)
Total shareholders' equity 3,747,089 3,692,188 2,391,260
Total liabilities and shareholders’ equity $ 20,154,732 $ 19,958,427 $ 20,717,398