CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017
Current Assets
Cash and equivalents	$ 228,606	$ 1,079,221	$ 275,395
Accounts receivable, net	780,064	1,128,610	917,652
Inventories	715,288	600,704	935,933
Prepaid expenses and other current assets	327,297	303,053	373,648
Total current assets	2,051,255	3,111,588	2,502,628
Noncurrent Assets
Property, plant, and equipment, net	719,747	785,285	807,796
Goodwill	1,390,076	1,396,669	1,394,464
Other noncurrent assets	892,364	944,961	1,462,994
Total Assets	5,053,442	6,238,503	6,167,882
Current Liabilities
Short-term borrowings	80,000	0	506,769
Current portion of long-term debt	0	250,000	250,000
Accounts payable	428,741	572,166	549,319
Accrued liabilities	585,585	792,139	452,032
Income taxes payable	3,119	9,498	4,380
Total current liabilities	1,097,445	1,623,803	1,762,500
Noncurrent Liabilities
Long-term debt	2,848,177	2,873,119	1,885,693
Other noncurrent liabilities	443,849	484,126	452,284
Total noncurrent liabilities	3,292,026	3,357,245	2,337,977
Stockholders’ Equity
Common stock $1.00 par value, 1.0 billion shares authorized; 441.4 million shares issued	441,369	441,369	441,369
Additional paid-in capital	1,820,432	1,808,391	1,809,843
Treasury stock at cost: 97.2 million shares, 98.7 million shares, and 97.6 million shares, respectively	(2,381,777)	(2,389,877)	(2,416,804)
Retained earnings	1,608,025	2,179,358	3,114,931
Accumulated other comprehensive loss	(824,078)	(781,786)	(881,934)
Total stockholders’ equity	663,971	1,257,455	2,067,405
Total Liabilities and Stockholders’ Equity	$ 5,053,442	$ 6,238,503	$ 6,167,882