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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Statement of Cash Flows [Abstract]    
Cash and cash equivalents at beginning of year $ 613,110 $ 555,320
Cash flows from operating activities:    
Net income 344,438 498,114
Adjustments to reconcile net income to cash flows from operating activities:    
Depreciation and amortization 170,214 156,718
Gain on sale of property 0 (11,079)
Stock-based compensation and other 15,864 15,169
Equity in net income of unconsolidated investments (net of tax) (83,872) (106,727)
Dividends received from unconsolidated investments and nonmarketable securities 61,309 62,982
Pension and postretirement (benefit) expense (4,975) 1,641
Pension and postretirement contributions (10,323) (10,728)
Unrealized gain on investments in marketable securities (3,377) (1,701)
Deferred income taxes 7,920 7,726
Working capital changes (167,436) (289,587)
Other, net 131,952 23,110
Net cash provided by operating activities 461,714 345,638
Cash flows from investing activities:    
Acquisitions, net of cash acquired (22,572) 0
Capital expenditures (621,371) (608,456)
Proceeds from sale of property and equipment 0 10,356
Sales of marketable securities, net 1,208 1,177
Investments in equity and other corporate investments (786) (2,569)
Net cash used in investing activities (643,521) (599,492)
Cash flows from financing activities:    
Repayments of borrowings from credit agreements (250,000) 0
Proceeds from borrowings of credit agreements 452,163 0
Other borrowings, net (202,786) (232,183)
Dividends paid to shareholders (120,836) (113,321)
Dividends paid to noncontrolling interests (14,286) (57,212)
Proceeds from exercise of stock options 16,925 4,814
Withholding taxes paid on stock-based compensation award distributions (4,803) (10,774)
Debt financing costs (2,751) 0
Other 0 (445)
Net cash provided by financing activities 279,198 55,245
Net effect of foreign exchange on cash and cash equivalents (8,428) (38,888)
Increase (decrease) in cash and cash equivalents 88,963 (237,497)
Cash and cash equivalents at end of period $ 702,073 $ 317,823