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CONSOLIDATED BALANCE SHEETS
Dec. 31, 2018
USD ($)
Current Assets  
Cash and equivalents $ 594,481,000
Accounts receivable, net of allowances of $22.0 million and $25.4 million in 2018 and 2017, respectively 970,083,000
Inventories 542,889,000
Prepaid expenses and other current assets 239,747,000
Total current assets 2,347,200,000
Noncurrent Assets  
Property, plant, and equipment, net 657,595,000
Goodwill 1,386,424,000
Other noncurrent assets 847,006,000
Total Assets 5,238,225,000
Current Liabilities  
Short-term borrowings 4,176,000
Current portion of long-term debt 0
Accounts payable 537,965,000
Accrued liabilities 704,369,000
Income taxes payable 13,520,000
Total current liabilities 1,260,030,000
Noncurrent Liabilities  
Long-term debt 2,851,723,000
Other noncurrent liabilities 469,669,000
Total noncurrent liabilities 3,321,392,000
Commitments and Contingencies
Stockholders’ Equity  
Common stock $1.00 par value, 1.0 billion shares authorized; 441.4 million shares issued 441,369,000
Additional paid-in capital 1,812,682,000
Treasury stock at cost: 96.1 million shares and 97.6 million shares in 2018 and 2017, respectively (2,354,617,000)
Retained earnings 1,616,595,000
Accumulated other comprehensive loss (859,226,000)
Total stockholders’ equity 656,803,000
Total Liabilities and Stockholders’ Equity $ 5,238,225,000