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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Current assets:      
Cash and cash equivalents $ 155,505 $ 204,213 $ 889,793
Accounts receivable, less allowance 2,018,768 2,104,555 1,230,987
Inventories:      
Finished goods [1] 1,426,366 1,356,429 898,627
Work in process and raw materials 388,909 386,036 169,699
Total inventory 1,815,275 1,742,465 1,068,326
Deferred income taxes 57,162
Other current assets 354,939 355,697 381,030
Total current assets 4,344,487 4,406,930 3,627,298
Property, plant and equipment:      
Land 244,608 254,676 115,555
Buildings 979,140 962,094 714,815
Machinery and equipment 2,668,492 2,572,963 2,153,437
Construction in progress 147,931 177,056 117,126
Total gross property, plant and equipment 4,040,171 3,966,789 3,100,933
Less allowances for depreciation 2,263,332 2,089,674 2,005,045
Total net property, plant and equipment 1,776,839 1,877,115 1,095,888
Goodwill 6,956,702 6,814,345 1,126,892
Intangible assets 5,201,579 6,002,361 255,010
Deferred pension assets 270,664 296,743 225,529
Other assets 584,008 502,023 421,904
Total Assets [1] 19,134,279 19,899,517 6,752,521
Current liabilities:      
Short-term borrowings 328,403 633,731 40,739
Accounts payable 1,799,424 1,791,552 1,034,608
Compensation and taxes withheld 504,547 508,166 398,045
Accrued taxes 80,766 79,901 76,765
Current portion of long-term debt 307,191 1,179 700,475
California litigation accrual 136,333
Other accruals 1,141,083 972,651 578,547
Total current liabilities 4,297,747 3,987,180 2,829,179
Long-term debt 8,708,057 9,885,745 1,211,326
Postretirement benefits other than pensions 257,621 274,675 250,397
Deferred income taxes [1] 1,130,872 1,419,601 73,833
Other long-term liabilities 1,009,237 684,442 509,345
Shareholders’ equity:      
Common stock 118,373 117,561 116,563
Other capital 2,896,448 2,723,183 2,488,564
Retained earnings [1] 6,246,548 5,458,416 4,049,497
Treasury stock, at cost (4,900,690) (4,266,416) (4,235,832)
Cumulative other comprehensive loss (629,934) (384,870) (540,351)
Total shareholders’ equity [1] 3,730,745 3,647,874 1,878,441
Total Liabilities and Shareholders’ Equity [1] $ 19,134,279 $ 19,899,517 $ 6,752,521
[1] December 31, 2017 has been adjusted for an inventory accounting change.