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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 333,294 $ 176,915
Accounts receivable, net 10,663,164 12,322,717
Inventories 5,805,520 5,319,369
Other current assets 503,982 521,339
Total current assets 17,305,960 18,340,340
Property, plant, and equipment, at cost:    
Land 5,691 5,691
Buildings and improvements 185,790 184,211
Machinery and equipment 1,616,937 1,583,661
Property, plant, and equipment, gross 1,808,418 1,773,563
Less: Accumulated depreciation and amortization (1,272,214) (1,177,107)
Property, plant, and equipment, net 536,204 596,456
Investments in affiliated companies 63,049 65,112
Intangible assets, net 134,811 159,137
Goodwill 2,021,987 2,027,626
Other assets 576,349 574,511
Total assets 20,638,360 21,763,182
LIABILITIES AND EQUITY    
Accounts payable 9,090,554 10,460,419
Accrued expenses 1,256,815 1,339,302
Short-term borrowings, including current portion of long-term debt 1,588,662 589,883
Total current liabilities 11,936,031 12,389,604
Long-term debt 2,615,001 3,182,964
Other liabilities 533,853 579,261
Commitments and contingencies (Note K)
Equity:    
Common stock, par value $1: Authorized - 160,000 shares in both 2023 and 2022 Issued - 125,424 shares in both 2023 and 2022 125,424 125,424
Capital in excess of par value 1,205,788 1,208,708
Treasury stock (71,269 and 66,175 shares in 2023 and 2022, respectively), at cost (5,307,441) (4,637,345)
Retained earnings 9,923,800 9,214,832
Accumulated other comprehensive loss (462,310) (365,262)
Total shareholders' equity 5,485,261 5,546,357
Noncontrolling interests 68,214 64,996
Total equity 5,553,475 5,611,353
Total liabilities and equity $ 20,638,360 $ 21,763,182