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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Jun. 30, 2021
Current Assets      
Cash and equivalents $ 274,534 $ 731,362 $ 384,743
Accounts receivable, net of allowances for credit losses of $14.3 million, $12.3 million and $10.7 million, respectively 989,194 1,072,684 784,084
Inventories 1,177,551 777,184 818,037
Prepaid expenses and other current assets 273,170 293,299 186,965
Total current assets 2,714,449 2,874,529 2,173,829
Noncurrent Assets      
Property, plant, and equipment, net 442,067 455,966 459,828
Right-of-use assets, net 326,228 325,484 343,793
Goodwill 1,379,230 1,390,207 1,392,779
Deferred income tax assets 494,192 526,906 73,744
Intangible assets, net 444,971 476,858 500,812
Other noncurrent assets 366,596 343,944 296,273
Total Assets 6,167,733 6,393,894 5,241,058
Current Liabilities      
Short-term borrowings 2,994 0 214
Current portion of long-term debt 250,000 0 0
Accounts payable 535,273 579,152 438,913
Accrued liabilities 680,765 991,592 647,425
Income taxes payable 19,157 27,509 35,838
Total current liabilities 1,488,189 1,598,253 1,122,390
Noncurrent Liabilities      
Long-term debt 2,323,303 2,570,992 2,839,119
Noncurrent lease liabilities 282,263 283,626 306,094
Other noncurrent liabilities 345,929 372,174 445,736
Total noncurrent liabilities 2,951,495 3,226,792 3,590,949
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 1,816,526 1,832,144 1,848,201
Treasury stock at cost: 88.1 million shares, 92.4 million shares and 90.7 million shares, respectively (2,158,388) (2,219,990) (2,262,223)
Retained earnings 2,541,690 2,456,597 1,435,688
Accumulated other comprehensive loss (913,148) (941,271) (935,316)
Total stockholders’ equity 1,728,049 1,568,849 527,719
Total Liabilities and Stockholders’ Equity $ 6,167,733 $ 6,393,894 $ 5,241,058