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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Sep. 30, 2017
Current Assets      
Cash and equivalents $ 209,150 $ 1,079,221 $ 181,308
Accounts receivable, net 1,312,932 1,128,610 1,506,145
Inventories 726,012 600,704 989,995
Prepaid expenses and other current assets 287,042 303,053 352,711
Total current assets 2,535,136 3,111,588 3,030,159
Noncurrent Assets      
Property, plant, and equipment, net 677,030 785,285 821,228
Goodwill 1,388,883 1,396,669 1,397,642
Other noncurrent assets 880,796 944,961 950,655
Total Assets 5,481,845 6,238,503 6,199,684
Current Liabilities      
Short-term borrowings 275,000 0 732,649
Current portion of long-term debt 0 250,000 250,000
Accounts payable 529,720 572,166 713,488
Accrued liabilities 683,470 792,139 568,845
Income taxes payable 5,813 9,498 32,296
Total current liabilities 1,494,003 1,623,803 2,297,278
Noncurrent Liabilities      
Long-term debt 2,849,922 2,873,119 1,886,404
Other noncurrent liabilities 471,510 484,126 576,327
Total noncurrent liabilities 3,321,432 3,357,245 2,462,731
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 1,802,556 1,808,391 1,793,036
Treasury stock at cost: 96.2 million shares, 97.7 million shares, and 97.6 million shares, respectively (2,356,836) (2,389,877) (2,392,422)
Retained earnings 1,614,343 2,179,358 2,460,224
Accumulated other comprehensive loss (835,022) (781,786) (862,532)
Total stockholders’ equity 666,410 1,257,455 1,439,675
Total Liabilities and Stockholders’ Equity $ 5,481,845 $ 6,238,503 $ 6,199,684