CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 889,900	$ 1,499,142
Trade accounts receivable, less allowance for doubtful accounts (2023—$2,808; 2022—$2,534)	1,213,160	1,190,970
Other accounts receivable	509,097	185,819
Inventories	2,161,287	2,076,031
Other current assets	443,475	234,955
Total current assets	5,216,919	5,186,917
Property, plant and equipment, at cost	12,233,757	9,354,330
Less accumulated depreciation and amortization	2,738,553	2,391,333
Net property, plant and equipment	9,495,204	6,962,997
Investments	1,369,855	1,150,553
Other assets	297,087	250,558
Goodwill	1,629,729	1,617,627
Other intangibles, net of amortization	261,858	287,870
Total assets	18,270,652	15,456,522
Current liabilities:
Accrued expenses	544,835	505,894
Current portion of long-term debt	625,761	2,128
Dividends payable	46,666	46,116
Income taxes payable	255,155	134,876
Total current liabilities	3,560,462	2,741,015
Long-term debt	3,541,002	3,214,972
Postretirement benefits	26,247	32,751
Pension benefits	150,312	159,571
Other noncurrent liabilities	769,100	636,596
Deferred income taxes	558,430	480,770
Commitments and contingencies
Albemarle Corporation shareholders’ equity:
Common stock, $.01 par value (authorized 150,000 shares), issued and outstanding — 117,356 in 2023 and 117,168 in 2022	1,174	1,172
Additional paid-in capital	2,952,517	2,940,840
Accumulated other comprehensive loss	(528,526)	(560,662)
Retained earnings	6,987,015	5,601,277
Total Albemarle Corporation shareholders’ equity	9,412,180	7,982,627
Noncontrolling interests	252,919	208,220
Total equity	9,665,099	8,190,847
Total liabilities and equity	18,270,652	15,456,522
Nonrelated Party
Current liabilities:
Accounts payable to third parties	1,537,859	1,533,624
Related Party
Current liabilities:
Accounts payable to third parties	$ 550,186	$ 518,377