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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Jun. 30, 2019
Assets      
Cash and cash equivalents $ 816,765 $ 271,589 $ 26,031
Restricted cash 434 2,917 491
Accounts and notes receivable      
Accounts and notes receivable, gross 699,320 573,241 700,175
Allowance for doubtful accounts (3,460) (3,125) (2,844)
Accounts and notes receivable, net 695,860 570,116 697,331
Inventories      
Finished products 383,483 391,666 377,578
Raw materials 33,178 31,318 31,137
Products in process 5,116 5,604 6,332
Operating supplies and other 29,703 29,720 26,376
Inventories 451,480 458,308 441,423
Other current assets 65,571 76,396 89,739
Total current assets 2,030,110 1,379,326 1,255,015
Investments and long-term receivables 43,849 60,709 51,667
Property, plant & equipment      
Property, plant & equipment, cost 8,921,990 8,749,217 8,613,500
Allowances for depreciation, depletion & amortization (4,538,980) (4,433,179) (4,322,818)
Property, plant & equipment, net 4,383,010 4,316,038 4,290,682
Operating lease right-of-use assets, net 426,618 408,189 418,896
Goodwill 3,172,112 3,167,061 3,167,061
Other intangible assets, net 1,114,592 1,091,475 1,076,986
Other noncurrent assets 228,433 225,995 220,457
Total assets 11,398,724 10,648,793 10,480,764
Liabilities      
Current maturities of long-term debt 500,026 25 24
Short-term debt 0 0 137,000
Trade payables and accruals 278,102 265,159 284,875
Other current liabilities 260,621 270,379 241,689
Total current liabilities 1,038,749 535,563 663,588
Long-term debt 2,785,646 2,784,315 2,781,826
Deferred income taxes, net 671,097 633,039 601,189
Deferred revenue 177,534 179,880 182,666
Operating lease liabilities 405,578 388,042 396,952
Other noncurrent liabilities 555,969 506,097 483,096
Total liabilities 5,634,573 5,026,936 5,109,317
Other commitments and contingencies (Note 8)
Equity      
Common stock, $1 par value, Authorized 480,000 shares, Outstanding 132,446, 132,371 and 132,231 shares, respectively 132,446 132,371 132,231
Capital in excess of par value 2,789,801 2,791,353 2,787,002
Retained earnings 3,049,943 2,895,871 2,623,747
Accumulated other comprehensive loss (208,039) (197,738) (171,533)
Total equity 5,764,151 5,621,857 5,371,447
Total liabilities and equity $ 11,398,724 $ 10,648,793 $ 10,480,764