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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Jun. 30, 2022
Current Assets      
Cash and equivalents $ 299,918 $ 761,235 $ 274,534
Accounts receivable, net of allowances for credit losses of $13.2 million, $14.3 million, and $27.6 million, respectively 890,882 860,221 989,194
Inventories 971,614 894,064 1,177,551
Prepaid expenses and other current assets 261,321 213,515 273,170
Total current assets 2,423,735 2,729,035 2,714,449
Noncurrent Assets      
Property, plant, and equipment, net 464,111 469,132 442,067
Right-of-use assets, net 296,231 318,680 326,228
Goodwill 1,384,245 1,378,551 1,379,230
Deferred income tax assets 480,062 471,672 494,192
Intangible assets, net 411,759 425,100 444,971
Other noncurrent assets 437,701 385,491 366,596
Total Assets 5,897,844 6,177,661 6,167,733
Current Liabilities      
Short-term borrowings 0 0 2,994
Current portion of long-term debt 0 0 250,000
Accounts payable 365,580 471,475 535,273
Accrued liabilities 656,097 678,689 680,765
Income taxes payable 9,404 37,584 19,157
Total current liabilities 1,031,081 1,187,748 1,488,189
Noncurrent Liabilities      
Long-term debt 2,327,807 2,325,644 2,323,303
Noncurrent lease liabilities 243,768 271,418 282,263
Other noncurrent liabilities 332,814 336,582 345,929
Total noncurrent liabilities 2,904,389 2,933,644 2,951,495
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 1,770,597 1,808,308 1,816,526
Treasury stock at cost: 87.4 million shares, 88.1 million shares, and 87.0 million shares, respectively (2,120,765) (2,129,639) (2,158,388)
Retained earnings 2,768,425 2,847,709 2,541,690
Accumulated other comprehensive loss (897,252) (911,478) (913,148)
Total stockholders' equity 1,962,374 2,056,269 1,728,049
Total Liabilities and Stockholders' Equity $ 5,897,844 $ 6,177,661 $ 6,167,733