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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Sep. 30, 2017
Current assets:      
Cash and cash equivalents $ 181,511 $ 204,213 $ 207,937
Accounts receivable, less allowance 2,584,280 2,104,555 2,426,222
Inventories:      
Finished goods 1,428,599 1,415,339 1,333,798
Work in process and raw materials 432,729 386,036 370,415
Total net inventory 1,861,328 1,801,375 1,704,213
Other current assets 410,913 355,697 345,532
Total current assets 5,038,032 4,465,840 4,683,904
Property, plant and equipment:      
Land 249,787 254,676 252,832
Buildings 955,203 962,094 992,862
Machinery and equipment 2,623,884 2,572,963 2,642,019
Construction in progress 143,955 177,056 149,927
Total gross property, plant and equipment 3,972,829 3,966,789 4,037,640
Less allowances for depreciation 2,206,475 2,089,674 2,142,091
Total net property, plant and equipment 1,766,354 1,877,115 1,895,549
Goodwill 6,963,198 6,814,345 6,915,028
Intangible assets 5,289,986 6,002,361 6,471,527
Deferred pension assets 305,979 296,743 224,330
Other assets 617,147 502,023 589,319
Total assets 19,980,696 19,958,427 20,779,657
Current liabilities:      
Short-term borrowings 650,134 633,731 164,133
Accounts payable 2,165,724 1,791,552 1,832,434
Compensation and taxes withheld 500,248 508,166 500,977
Accrued taxes 98,632 79,901 280,854
Current portion of long-term debt 310,561 1,179 701,419
California litigation accrual 136,333
Other accruals 980,433 972,651 891,844
Total current liabilities 4,842,065 3,987,180 4,371,661
Long-term debt 8,710,831 9,885,745 10,083,828
Postretirement benefits other than pensions 277,857 274,675 262,543
Deferred income taxes 1,371,162 1,434,196 2,611,065
Other long-term liabilities 803,942 684,443 709,571
Shareholders’ equity:      
Common stock 118,282 117,561 117,189
Other capital 2,851,983 2,723,183 2,654,176
Retained earnings 6,270,757 5,502,730 4,685,313
Treasury stock, at cost (4,655,587) (4,266,416) (4,263,388)
Cumulative other comprehensive loss (610,596) (384,870) (452,301)
Total shareholders' equity 3,974,839 3,692,188 2,740,989
Total liabilities and shareholders’ equity $ 19,980,696 $ 19,958,427 $ 20,779,657