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CONSOLIDATED BALANCE SHEET - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 606,823,000 $ 634,897,000
Restricted cash 17,122,000 13,625,000
Receivables:    
Trade 884,428,000 946,938,000
Allowance for doubtful accounts (8,231,000) (9,173,000)
Inventories 1,123,068,000 1,078,537,000
Prepaid expenses and other current assets 319,334,000 277,036,000
Total Current Assets 2,942,544,000 2,941,860,000
Property, plant and equipment, net 1,386,920,000 1,241,152,000
Goodwill 5,497,596,000 5,378,388,000
Other intangible assets, net 2,851,935,000 3,039,322,000
Other assets 608,416,000 288,673,000
Total Assets 13,287,411,000 12,889,395,000
Current Liabilities:    
Bank borrowings, overdrafts and current portion of long-term debt 384,958,000 48,642,000
Accounts payable 510,372,000 471,382,000
Dividends payable 80,038,000 77,779,000
Other current liabilities 576,822,000 530,508,000
Total Current Liabilities 1,552,190,000 1,128,311,000
Other Liabilities:    
Long-term debt 3,997,438,000 4,504,417,000
Retirement liabilities 265,370,000 227,172,000
Deferred income taxes 641,456,000 655,879,000
Other liabilities 502,366,000 248,436,000
Total Other Liabilities 5,406,630,000 5,635,904,000
Commitments and Contingencies (Note 21)
Redeemable noncontrolling interests 99,043,000 81,806,000
Shareholders’ Equity:    
Common stock 12 1/2¢ par value; 500,000,000 shares authorized; 128,526,137 and 128,526,137 shares issued as of December 31, 2019 and December 31, 2018, respectively; and 106,787,299 and 106,619,202 shares outstanding as of December 31, 2019 and December 31, 2018, respectively 16,066,000 16,066,000
Capital in excess of par value 3,823,152,000 3,793,609,000
Retained earnings 4,117,804,000 3,956,221,000
Accumulated other comprehensive loss:    
Cumulative translation adjustments (373,043,000) (396,996,000)
Accumulated gains on derivatives qualifying as hedges 2,068,000 4,746,000
Pension and postretirement liability adjustment (345,919,000) (309,977,000)
Treasury stock, at cost (21,738,838 and 21,906,935 shares as of December 31, 2019 and December 31, 2018, respectively) (1,022,824,000) (1,030,718,000)
Total Shareholders’ Equity 6,217,304,000 6,032,951,000
Noncontrolling interests 12,244,000 10,423,000
Total Shareholders’ Equity including noncontrolling interests 6,229,548,000 6,043,374,000
Total Liabilities and Shareholders’ Equity $ 13,287,411,000 $ 12,889,395,000