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Consolidated Balance Sheet - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 316,002 $ 323,992
Trade receivables (net of allowances of $14,258 and $9,995, respectively) 691,239 550,658
Inventories:    
Raw materials 303,296 288,629
Work in process 15,724 13,792
Finished goods 300,496 289,596
Total Inventories 619,516 592,017
Prepaid expenses and other current assets 222,990 142,347
Total Current Assets 1,849,747 1,609,014
Property, plant and equipment, at cost 2,073,149 1,913,333
Accumulated depreciation (1,244,557) (1,137,617)
Total Property Plant and Equipment 828,592 775,716
Goodwill 1,153,619 1,000,123
Other intangible assets, net 424,138 365,783
Deferred income taxes 158,094 138,636
Other assets 106,248 127,712
Total Assets 4,520,438 4,016,984
Current Liabilities:    
Bank borrowings and overdrafts and current portion of long-term debt 7,888 258,516
Commercial paper 39,957 0
Accounts payable 271,194 274,815
Accrued payroll and bonus 74,488 64,357
Dividends payable 54,440 50,678
Other current liabilities 248,160 249,931
Total Current Liabilities 696,127 898,297
Long-term debt 1,625,502 1,066,855
Deferred gains 37,975 39,816
Retirement liabilities 241,563 243,407
Other liabilities 156,783 137,475
Total Other Liabilities 2,061,823 1,487,553
Commitments and Contingencies
Shareholders' Equity:    
Common stock 12 1/2¢ par value; authorized 500,000,000 shares; issued 115,858,190 shares as of September 30, 2017 and December 31, 2016 and outstanding 78,977,158 and 79,213,037 shares as of September 30, 2017 and December 31, 2016 14,470 14,470
Capital in excess of par value 155,843 152,481
Retained earnings 3,965,133 3,818,535
Accumulated other comprehensive loss (656,651) (680,095)
Treasury stock, at cost - 36,881,032 shares as of September 30, 2017 and 36,645,153 shares as of December 31, 2016 (1,721,482) (1,679,147)
Total Shareholders' Equity 1,757,313 1,626,244
Noncontrolling interest 5,175 4,890
Total Shareholders' Equity including noncontrolling interest 1,762,488 1,631,134
Total Liabilities and Shareholders' Equity $ 4,520,438 $ 4,016,984