Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current Assets:
Cash and cash equivalents	$ 124,708	$ 129,823
Receivables, net	437,349	422,050
Inventories (Note 6)	266,011	265,558
Other current assets	39,072	34,452
Total current assets	867,140	851,883
Property, Plant and Equipment:
Cost	2,611,677	2,585,058
Less: Accumulated depreciation	(1,416,560)	(1,378,393)
Property, plant and equipment, net	1,195,117	1,206,665
Goodwill, net	94,377	97,442
Other intangible assets, net	47,652	52,571
Long-term investments (Note 3)	24,076	26,804
Operating lease assets (Note 7)	69,136	70,646
Other non-current assets	51,092	57,343
Total assets	2,348,590	2,363,354
Current Liabilities:
Current maturities of debt (Note 14)	282,350	252,898
Accounts payable	251,191	233,031
Accrued liabilities	121,654	121,941
Total current liabilities	655,195	607,870
Deferred income taxes	10,224	10,373
Long-term debt, less current maturities (Note 14)	374,708	401,248
Non-current operating lease liabilities (Note 7)	56,665	58,026
Other non-current liabilities	59,362	69,347
Commitments and Contingencies (Note 8)
Equity:
Common stock, $1 par value; authorized 60,000,000 shares; 27,142,160 issued shares in 2024 and 27,005,852 issued shares in 2023	27,142	27,006
Additional paid-in capital	250,945	247,032
Accumulated other comprehensive loss (Note 11)	(161,900)	(130,602)
Retained earnings	1,264,027	1,257,466
Less: Common treasury stock, at cost, 4,652,346 shares in 2024 and 4,628,072 shares in 2023	(187,778)	(184,412)
Total Stepan Company stockholders’ equity	1,192,436	1,216,490
Total liabilities and equity	$ 2,348,590	$ 2,363,354

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).