CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 613,110	$ 555,320
Trade accounts receivable, less allowance for doubtful accounts (2019—$3,711; 2018—$4,460)	612,651	605,712
Other accounts receivable	67,551	52,059
Inventories	768,984	700,540
Other current assets	162,813	84,790
Total current assets	2,225,109	1,998,421
Property, plant and equipment, at cost	6,817,843	4,799,063
Less accumulated depreciation and amortization	1,908,370	1,777,979
Net property, plant and equipment	4,909,473	3,021,084
Investments	579,813	528,722
Other assets	213,061	80,135
Goodwill	1,578,785	1,567,169
Other intangibles, net of amortization	354,622	386,143
Total assets	9,860,863	7,581,674
Current liabilities:
Accounts payable	574,138	522,516
Accrued expenses	553,160	257,323
Current portion of long-term debt	187,336	307,294
Dividends payable	38,764	35,169
Current operating lease liability	23,137	0
Income taxes payable	32,461	60,871
Total current liabilities	1,408,996	1,183,173
Long-term debt	2,862,921	1,397,916
Postretirement benefits	50,899	46,157
Pension benefits	292,073	285,396
Other noncurrent liabilities	754,536	526,942
Deferred income taxes	397,858	382,982
Commitments and contingencies
Albemarle Corporation shareholders’ equity:
Common stock, $.01 par value (authorized 150,000 shares), issued and outstanding — 106,040 in 2019 and 105,616 in 2018	1,061	1,056
Additional paid-in capital	1,383,446	1,368,897
Accumulated other comprehensive loss	(395,735)	(350,682)
Retained earnings	2,943,478	2,566,050
Total Albemarle Corporation shareholders’ equity	3,932,250	3,585,321
Noncontrolling interests	161,330	173,787
Total equity	4,093,580	3,759,108
Total liabilities and equity	$ 9,860,863	$ 7,581,674