CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 1,192,230	$ 889,900
Trade accounts receivable, less allowance for credit losses (2024—$5,201; 2023—$2,808)	742,201	1,213,160
Other accounts receivable	238,384	509,097
Inventories	1,502,531	2,161,287
Other current assets	166,916	443,475
Total current assets	3,842,262	5,216,919
Property, plant and equipment, at cost	12,523,368	12,233,757
Less accumulated depreciation and amortization	3,191,898	2,738,553
Net property, plant and equipment	9,331,470	9,495,204
Investments	1,117,739	1,369,855
Other assets	504,711	297,087
Goodwill	1,582,714	1,629,729
Other intangibles, net of amortization	230,753	261,858
Total assets	16,609,649	18,270,652
Current liabilities:
Accrued expenses	467,997	544,835
Current portion of long-term debt	398,023	625,761
Dividends payable	61,282	46,666
Income taxes payable	95,275	255,155
Total current liabilities	1,966,464	3,560,462
Long-term debt	3,118,142	3,541,002
Postretirement benefits	31,930	26,247
Pension benefits	116,192	150,312
Other noncurrent liabilities	819,204	769,100
Deferred income taxes	358,029	558,430
Commitments and contingencies
Albemarle Corporation shareholders’ equity:
Common stock, $.01 par value (authorized 275,000 shares), issued and outstanding — 117,560 in 2024 and 117,356 in 2023	1,176	1,174
Mandatory convertible preferred stock, Series A, no par value, $1,000 stated value, authorized - 15,000, issued and outstanding - 2,300 in 2024 and 0 in 2023	2,235,105	0
Additional paid-in capital	2,985,606	2,952,517
Accumulated other comprehensive loss	(742,062)	(528,526)
Retained earnings	5,481,692	6,987,015
Total Albemarle Corporation shareholders’ equity	9,961,517	9,412,180
Noncontrolling interests	238,171	252,919
Total equity	10,199,688	9,665,099
Total liabilities and equity	16,609,649	18,270,652
Nonrelated Party
Current liabilities:
Accounts payable	793,455	1,537,859
Related Party
Current liabilities:
Accounts payable	$ 150,432	$ 550,186