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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Mar. 31, 2022
Current Assets      
Cash and equivalents $ 461,717 $ 761,235 $ 536,631
Accounts receivable, net of allowances for credit losses of $12.9 million, $13.1 million, and $27.6 million, respectively 673,844 860,221 862,236
Inventories 961,048 894,064 969,166
Prepaid expenses and other current assets 269,723 213,515 267,666
Total current assets 2,366,332 2,729,035 2,635,699
Noncurrent Assets      
Property, plant, and equipment, net 471,216 469,132 451,981
Right-of-use assets, net 304,496 318,680 339,681
Goodwill 1,380,992 1,378,551 1,387,137
Deferred income tax assets 483,562 471,672 515,004
Intangible assets, net 417,919 425,100 463,752
Other noncurrent assets 407,221 385,491 354,113
Total Assets 5,831,738 6,177,661 6,147,367
Current Liabilities      
Current portion of long-term debt 0 0 250,000
Accounts payable 314,140 471,475 478,643
Accrued liabilities 641,326 678,689 799,357
Income taxes payable 13,496 37,584 16,710
Total current liabilities 968,962 1,187,748 1,544,710
Noncurrent Liabilities      
Long-term debt 2,326,731 2,325,644 2,322,150
Noncurrent lease liabilities 257,415 271,418 296,387
Other noncurrent liabilities 340,969 336,582 366,053
Total noncurrent liabilities 2,925,115 2,933,644 2,984,590
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 1,772,796 1,808,308 1,804,761
Treasury stock at cost: 87.4 million shares, 88.9 million shares, and 87.0 million shares, respectively (2,129,424) (2,129,639) (2,176,904)
Retained earnings 2,741,238 2,847,709 2,475,250
Accumulated other comprehensive loss (888,318) (911,478) (926,409)
Total stockholders' equity 1,937,661 2,056,269 1,618,067
Total Liabilities and Stockholders' Equity $ 5,831,738 $ 6,177,661 $ 6,147,367