CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Current Assets
Cash and equivalents	$ 630,028	$ 594,481
Accounts receivable, net of allowances of $18.5 million and $22.0 million in 2019 and 2018, respectively	936,359	970,083
Inventories	495,504	542,889
Prepaid expenses and other current assets	186,083	239,747
Total current assets	2,247,974	2,347,200
Noncurrent Assets
Property, plant, and equipment, net	550,139	657,595
Right-of-use assets, net	303,187
Goodwill	1,390,714	1,386,424
Other noncurrent assets	833,212	847,006
Total Assets	5,325,226	5,238,225
Current Liabilities
Short-term borrowings	0	4,176
Accounts payable	459,357	537,965
Accrued liabilities	769,513	694,271
Income taxes payable	48,037	13,520
Total current liabilities	1,276,907	1,249,932
Noncurrent Liabilities
Long-term debt	2,846,751	2,851,723
Noncurrent lease liabilities	270,853
Other noncurrent liabilities	439,001	469,669
Total noncurrent liabilities	3,556,605	3,321,392
Commitments and Contingencies (See Note 12)
Stockholders’ Equity
Common stock $1.00 par value, 1.0 billion shares authorized; 441.4 million shares issued	441,369	441,369
Additional paid-in capital	1,825,569	1,812,682
Treasury stock at cost: 94.6 million shares and 96.1 million shares in 2019 and 2018, respectively	(2,318,921)	(2,354,617)
Retained earnings	1,413,181	1,626,693
Accumulated other comprehensive loss	(869,484)	(859,226)
Total stockholders’ equity	491,714	666,901
Total Liabilities and Stockholders’ Equity	$ 5,325,226	$ 5,238,225