Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current Assets:
Cash and cash equivalents	$ 272,877	$ 315,383
Receivables, net	286,679	276,841
Inventories (Note 6)	208,191	203,647
Other current assets	28,629	22,918
Total current assets	796,376	818,789
Property, Plant and Equipment:
Cost	1,781,834	1,762,135
Less: Accumulated depreciation	(1,147,830)	(1,122,818)
Property, plant and equipment, net	634,004	639,317
Goodwill, net	22,712	26,086
Other intangible assets, net	15,235	15,352
Long-term investments (Note 3)	26,244	28,227
Operating lease assets	36,671	38,386
Other non-current assets	12,166	13,210
Total assets	1,543,408	1,579,367
Current Liabilities:
Current maturities of long-term debt (Note 14)	23,571	23,571
Accounts payable	187,443	194,276
Accrued liabilities	108,158	121,267
Total current liabilities	319,172	339,114
Deferred income taxes	24,068	23,391
Long-term debt, less current maturities (Note 14)	184,315	198,532
Non-current operating lease liabilities	27,994	29,654
Other non-current liabilities	89,598	96,180
Commitments and Contingencies (Note 8)
Equity:
Common stock, $1 par value; authorized 60,000,000 shares; Issued 26,551,794 shares in 2020 and 26,493,335 shares in 2019	26,552	26,493
Additional paid-in capital	198,947	193,135
Accumulated other comprehensive loss (Note 11)	(172,203)	(136,170)
Retained earnings	973,345	922,464
Less: Common treasury stock, at cost, 4,146,674 shares in 2020 and 3,979,735 shares in 2019	(129,212)	(114,139)
Total Stepan Company stockholders’ equity	897,429	891,783
Noncontrolling interests (Note 2)	832	713
Total equity	898,261	892,496
Total liabilities and equity	$ 1,543,408	$ 1,579,367

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).