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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 148,809 $ 256,974
Receivables, net 790,334 723,304
Inventories, net 540,180 483,113
Other current assets 65,794 52,623
Total current assets 1,545,117 1,516,014
Property, plant, and equipment, net 334,864 342,708
Goodwill 1,546,669 1,544,635
Other intangible assets, net 572,348 620,897
Operating lease right-of-use assets, net 138,809 153,855
Prepaid pension asset 236,089 222,627
Other assets 40,059 47,567
Total assets 4,413,955 4,448,303
Current liabilities:    
Current portion of long-term debt 0 202,500
Accounts payable 213,662 266,525
Accrued expenses 188,504 174,440
Deferred revenue 292,514 254,801
Other current liabilities 80,699 82,779
Total current liabilities 775,379 981,045
Long-term debt 1,050,713 1,051,900
Deferred tax liabilities, net 117,113 123,001
Accrued pension and other postretirement benefit costs 57,808 58,348
Long-term operating lease liability 117,320 132,275
Long-term portion of environmental reserves 14,031 12,547
Other liabilities 96,436 107,973
Total liabilities 2,228,800 2,467,089
Stockholders' Equity    
Common stock, $1 par value, 100,000,000 shares authorized as of September 30, 2023 and December 31, 2022; 49,187,378 shares issued as of September 30, 2023 and December 31, 2022; outstanding shares were 38,263,012 as of September 30, 2023 and 38,259,722 as of December 31, 2022 49,187 49,187
Additional paid in capital 136,610 134,553
Retained earnings 3,375,502 3,163,491
Accumulated other comprehensive loss (253,416) (258,916)
Common treasury stock, at cost (10,924,366 shares as of September 30, 2023 and 10,927,656 shares as of December 31, 2022) (1,122,728) (1,107,101)
Total stockholders’ equity 2,185,155 1,981,214
Total liabilities and stockholders’ equity $ 4,413,955 $ 4,448,303