CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Current Assets
Cash and equivalents	$ 762,181	$ 630,028
Accounts receivable, net of allowances for credit losses of $15.9 million and $18.5 million in 2020 and 2019, respectively	1,033,966	936,359
Inventories	514,673	495,504
Prepaid expenses and other current assets	172,070	186,083
Total current assets	2,482,890	2,247,974
Noncurrent Assets
Property, plant, and equipment, net	473,794	550,139
Right-of-use assets, net	291,601	303,187
Goodwill	1,393,834	1,390,714
Other noncurrent assets	878,970	833,212
Total Assets	5,521,089	5,325,226
Current Liabilities
Short-term borrowings	969	0
Accounts payable	495,363	459,357
Accrued liabilities	831,922	769,513
Income taxes payable	27,125	48,037
Total current liabilities	1,355,379	1,276,907
Noncurrent Liabilities
Long-term debt	2,854,664	2,846,751
Noncurrent lease liabilities	249,353	270,853
Other noncurrent liabilities	465,350	439,001
Total noncurrent liabilities	3,569,367	3,556,605
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	1,842,680	1,825,569
Treasury stock at cost: 93.3 million shares and 94.6 million shares in 2020 and 2019, respectively	(2,282,939)	(2,318,921)
Retained earnings	1,539,809	1,413,181
Accumulated other comprehensive loss	(944,576)	(869,484)
Total stockholders’ equity	596,343	491,714
Total Liabilities and Stockholders’ Equity	$ 5,521,089	$ 5,325,226