Consolidated Balance Sheets - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Current Assets:
Cash and cash equivalents	$ 159,186,000	$ 349,938,000
Receivables, less allowances of $10,157 in 2021 and $10,133 in 2020	419,542,000	301,318,000
Inventories (Note 5)	305,538,000	218,783,000
Other current assets	29,102,000	35,612,000
Total current assets	913,368,000	905,651,000
Property, Plant and Equipment:
Land	50,675,000	27,135,000
Buildings and improvements	260,809,000	248,234,000
Machinery and equipment	1,541,925,000	1,476,675,000
Construction in progress	237,548,000	120,606,000
Property, Plant and Equipment, Gross	2,090,957,000	1,872,650,000
Less: Accumulated depreciation	(1,240,353,000)	(1,189,983,000)
Property, plant and equipment, net	850,604,000	682,667,000
Goodwill, net (Note 4)	97,187,000	27,972,000
Other intangible assets, net (Note 4)	60,784,000	24,068,000
Long-term investments (Note 2)	34,495,000	30,652,000
Operating lease assets (Note 7)	69,612,000	62,421,000
Other non-current assets	39,562,000	18,905,000
Total Assets	2,065,612,000	1,752,336,000
Current Liabilities:
Current maturities of long-term debt (Note 6)	40,718,000	37,857,000
Accounts payable	323,362,000	236,750,000
Accrued liabilities (Note 14)	136,396,000	141,947,000
Total current liabilities	500,476,000	416,554,000
Deferred income taxes (Note 9)	12,491,000	20,745,000
Long-term debt, less current maturities (Note 6)	322,862,000	160,812,000
Non-current operating lease liability (Note 7)	56,668,000	51,567,000
Other non-current liabilities (Note 15)	98,922,000	114,293,000
Commitments and Contingencies (Note 16)
Equity (Note 10):
Common stock, $1 par value; 60,000,000 authorized shares; 26,760,714 issued shares in 2021 and 26,658,032 issued shares in 2020	26,761,000	26,658,000
Additional paid-in capital	220,820,000	206,716,000
Accumulated other comprehensive loss (Note 19)	(153,236,000)	(136,881,000)
Retained earnings	1,133,550,000	1,023,829,000
Less: Common treasury stock, at cost, 4,340,729 shares in 2021 and 4,185,242 shares in 2020	(153,702,000)	(133,629,000)
Total Stepan Company stockholders’ equity	1,074,193,000	986,693,000
Noncontrolling interest		1,672,000
Total equity	1,074,193,000	988,365,000
Total Liabilities and Equity	$ 2,065,612,000	$ 1,752,336,000

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).