Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Current Assets:
Cash and cash equivalents	$ 127,053	$ 349,938
Receivables, net	391,730	301,318
Inventories (Note 6)	266,088	218,783
Other current assets	30,984	35,612
Total current assets	815,855	905,651
Property, Plant and Equipment:
Cost	1,991,390	1,872,650
Less: Accumulated depreciation	(1,226,606)	(1,189,983)
Property, plant and equipment, net	764,784	682,667
Goodwill, net (Note 17)	97,988	27,972
Other intangible assets, net (Note 17)	65,461	24,068
Long-term investments (Note 3)	32,576	30,652
Operating lease assets (Note 7)	69,942	62,421
Other non-current assets	40,699	18,905
Total assets	1,887,305	1,752,336
Current Liabilities:
Current maturities of long-term debt (Note 14)	42,352	37,857
Accounts payable	286,917	236,750
Accrued liabilities	135,232	141,947
Total current liabilities	464,501	416,554
Deferred income taxes	9,995	20,745
Long-term debt, less current maturities (Note 14)	196,529	160,812
Non-current operating lease liabilities (Note 7)	58,180	51,567
Other non-current liabilities	107,584	114,293
Commitments and Contingencies (Note 8)
Equity:
Common stock, $1 par value; authorized 60,000,000 shares; Issued 26,752,093 shares in 2021 and 26,658,032 shares in 2020	26,752	26,658
Additional paid-in capital	213,969	206,716
Accumulated other comprehensive loss (Note 11)	(138,420)	(136,881)
Retained earnings	1,093,994	1,023,829
Less: Common treasury stock, at cost, 4,286,578 shares in 2021 and 4,185,242 shares in 2020	(147,494)	(133,629)
Total Stepan Company stockholders’ equity	1,048,801	986,693
Noncontrolling interest (Note 2)	1,715	1,672
Total equity	1,050,516	988,365
Total liabilities and equity	$ 1,887,305	$ 1,752,336

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).