Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Current Assets:
Cash and cash equivalents	$ 310,392	$ 315,383
Receivables, net	295,616	276,841
Inventories (Note 6)	202,315	203,647
Other current assets	24,713	22,918
Total current assets	833,036	818,789
Property, Plant and Equipment:
Cost	1,825,681	1,762,135
Less: Accumulated depreciation	(1,173,995)	(1,122,818)
Property, plant and equipment, net	651,686	639,317
Goodwill, net	27,152	26,086
Other intangible assets, net	22,959	15,352
Long-term investments (Note 3)	28,285	28,227
Operating lease assets	39,408	38,386
Other non-current assets	15,125	13,210
Total assets	1,617,651	1,579,367
Current Liabilities:
Current maturities of long-term debt (Note 14)	37,857	23,571
Accounts payable	207,553	194,276
Accrued liabilities	115,756	121,267
Total current liabilities	361,166	339,114
Deferred income taxes	23,994	23,391
Long-term debt, less current maturities (Note 14)	170,063	198,532
Non-current operating lease liabilities	29,490	29,654
Other non-current liabilities	93,702	96,180
Commitments and Contingencies (Note 8)
Equity:
Common stock, $1 par value; authorized 60,000,000 shares; Issued 26,615,132 shares in 2020 and 26,493,335 shares in 2019	26,615	26,493
Additional paid-in capital	203,963	193,135
Accumulated other comprehensive loss (Note 11)	(162,773)	(136,170)
Retained earnings	1,000,337	922,464
Less: Common treasury stock, at cost, 4,153,694 shares in 2020 and 3,979,735 shares in 2019	(129,949)	(114,139)
Total Stepan Company stockholders’ equity	938,193	891,783
Noncontrolling interests (Note 2)	1,043	713
Total equity	939,236	892,496
Total liabilities and equity	$ 1,617,651	$ 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).