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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 382,564 $ 406,867
Receivables, net 817,135 732,678
Inventories, net 559,142 510,033
Other current assets 77,039 67,502
Total current assets 1,835,880 1,717,080
Property, plant, and equipment, net 326,969 332,796
Goodwill 1,571,004 1,558,826
Other intangible assets, net 545,448 557,612
Operating lease right-of-use assets, net 146,956 141,435
Prepaid pension asset 272,857 261,869
Other assets 49,080 51,351
Total assets 4,748,194 4,620,969
Current liabilities:    
Current portion of long-term debt 90,000 0
Accounts payable 224,778 243,833
Accrued expenses 158,505 188,039
Deferred revenue 341,601 303,872
Other current liabilities 81,632 70,800
Total current liabilities 896,516 806,544
Long-term debt 959,655 1,050,362
Deferred tax liabilities, net 128,277 132,319
Accrued pension and other postretirement benefit costs 67,650 66,875
Long-term operating lease liability 123,586 118,611
Long-term portion of environmental reserves 14,157 12,784
Other liabilities 99,933 105,061
Total liabilities 2,289,774 2,292,556
Stockholders' Equity    
Common stock, $1 par value, 100,000,000 shares authorized as of June 30, 2024 and December 31, 2023; 49,187,378 shares issued as of June 30, 2024 and December 31, 2023; outstanding shares were 38,289,678 as of June 30, 2024 and 38,202,754 as of December 31, 2023 49,187 49,187
Additional paid in capital 135,574 140,182
Retained earnings 3,648,005 3,487,751
Accumulated other comprehensive loss (233,488) (213,223)
Common treasury stock, at cost (10,897,700 shares as of June 30, 2024 and 10,984,624 shares as of December 31, 2023) (1,140,858) (1,135,484)
Total stockholders’ equity 2,458,420 2,328,413
Total liabilities and stockholders’ equity $ 4,748,194 $ 4,620,969