Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 81,638	$ 89,827
Accounts receivable, less allowances (2024 - $6,994; 2023 - $7,258)	308,732	353,923
Inventories	336,153	365,221
Prepaid expenses and other current assets	103,699	97,749
Assets held for sale	84,778	0
Total current assets	915,000	906,720
Deferred income taxes	0	10,295
Property, plant and equipment	817,384	1,031,495
Less accumulated depreciation	(468,875)	(628,798)
Property, plant and equipment, net	348,509	402,697
Goodwill	1,102,353	1,183,624
Other intangible assets, net	684,392	706,471
Other assets	109,174	98,207
Assets held for sale	114,339	0
Total assets	3,273,767	3,308,014
Current liabilities
Notes and overdrafts payable	10,025	16
Accounts payable	145,694	164,264
Accrued liabilities	186,707	221,462
Long-term debt - current	10,922	10,868
Liabilities held for sale	25,860	0
Total current liabilities	379,208	396,610
Long-term debt	1,293,109	1,279,962
Accrued retirement benefits	41,477	45,992
Deferred income taxes	121,722	120,608
Long-term tax liability	21,714	21,714
Other liabilities	77,143	80,865
Liabilities held for sale	8,045	0
Commitments and contingencies (Note 16)
Stockholders' equity
Common stock - par value $0.01 per share Authorized: 150,000,000 shares Issued: at par value (2024 - 64,615,788 shares; 2023 - 64,600,635 shares)	646	646
Additional paid-in capital	541,391	537,948
Treasury stock, at cost (2024 - 13,916,108 shares; 2023 - 13,914,076 shares)	(532,486)	(532,415)
Retained earnings	1,544,997	1,551,213
Accumulated other non-owner changes to equity	(223,199)	(195,129)
Total stockholders' equity	1,331,349	1,362,263
Total liabilities and stockholders' equity	$ 3,273,767	$ 3,308,014

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 amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all domestic and foreign income tax obligations due beyond one year or the operating cycle, whichever is longer. Alternate captions include income taxes payable, noncurrent.