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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Sep. 30, 2018
Current assets:      
Cash and cash equivalents $ 189,645 $ 155,505 $ 181,511
Accounts receivable, less allowance 2,479,043 2,018,768 2,584,280
Inventories:      
Finished goods 1,474,835 1,426,366 1,369,689
Work in process and raw materials 350,134 388,909 432,729
Total net inventory 1,824,969 1,815,275 1,802,418
Other current assets 414,082 354,939 410,913
Total current assets 4,907,739 4,344,487 4,979,122
Property, plant and equipment:      
Land 239,446 244,608 249,787
Buildings 1,006,718 979,140 955,203
Machinery and equipment 2,837,377 2,668,492 2,623,884
Construction in progress 179,516 147,931 143,955
Total gross property, plant and equipment 4,263,057 4,040,171 3,972,829
Less allowances for depreciation 2,464,756 2,263,332 2,206,475
Total net property, plant and equipment 1,798,301 1,776,839 1,766,354
Goodwill 6,958,681 6,956,702 6,963,198
Intangible assets 4,889,275 5,201,579 5,289,986
Operating lease right-of-use assets 1,659,010    
Deferred pension assets 33,468 270,664 305,979
Other assets 617,865 584,008 617,147
Total assets 20,864,339 19,134,279 19,921,786
Current liabilities:      
Short-term borrowings 435,699 328,403 650,134
Accounts payable 2,028,402 1,799,424 2,165,724
Compensation and taxes withheld 538,932 504,547 500,248
Accrued taxes 94,966 80,766 98,632
Current portion of long-term debt 429,569 307,191 310,561
California litigation accrual 12,000 136,333 136,333
Current portion of operating lease liabilities 364,379    
Other accruals 961,843 1,141,083 980,433
Total current liabilities 4,865,790 4,297,747 4,842,065
Long-term debt 8,043,030 8,708,057 8,710,831
Postretirement benefits other than pensions 260,968 257,621 277,857
Deferred income taxes 1,096,854 1,130,872 1,356,566
Long-term operating lease liabilities 1,352,246    
Other long-term liabilities 1,222,591 1,009,237 803,942
Shareholders’ equity:      
Common stock 119,245 118,373 118,282
Other capital 3,079,342 2,896,448 2,851,983
Retained earnings 7,224,292 6,246,548 6,226,443
Treasury stock, at cost (5,632,812) (4,900,690) (4,655,587)
Cumulative other comprehensive loss (767,207) (629,934) (610,596)
Total shareholders' equity 4,022,860 3,730,745 3,930,525
Total liabilities and shareholders’ equity $ 20,864,339 $ 19,134,279 $ 19,921,786