XML 23 R5.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 218,053 $ 176,915
Accounts receivable, net 12,238,073 12,322,717
Inventories 5,187,225 5,319,369
Other current assets 684,126 521,339
Total current assets 18,327,477 18,340,340
Property, plant, and equipment, at cost:    
Land 5,691 5,691
Buildings and improvements 195,579 184,211
Machinery and equipment 1,632,606 1,583,661
Property, plant, and equipment, gross 1,833,876 1,773,563
Less: Accumulated depreciation and amortization (1,303,136) (1,177,107)
Property, plant, and equipment, net 530,740 596,456
Investments in affiliated companies 62,741 65,112
Intangible assets, net 127,440 159,137
Goodwill 2,050,426 2,027,626
Other assets 627,344 574,511
Total assets 21,726,168 21,763,182
LIABILITIES AND EQUITY    
Accounts payable 10,070,015 10,460,419
Accrued expenses 1,463,915 1,339,302
Short-term borrowings, including current portion of long-term debt 1,653,954 589,883
Total current liabilities 13,187,884 12,389,604
Long-term debt 2,153,553 3,182,964
Other liabilities 507,424 579,261
Contingencies (Note 15)
Equity:    
Common stock, par value $1: Authorized - 160,000 shares in both 2023 and 2022 Issued -57,691 and 125,424 shares in 2023 and 2022 respectively 57,691 125,424
Capital in excess of par value 553,340 1,208,708
Treasury stock (3,880 and 66,175 shares in 2023 and 2022, respectively), at cost (297,745) (4,637,345)
Retained earnings 5,790,217 9,214,832
Accumulated other comprehensive loss (298,039) (365,262)
Total shareholders' equity 5,805,464 5,546,357
Noncontrolling interests 71,843 64,996
Total equity 5,877,307 5,611,353
Total liabilities and equity $ 21,726,168 $ 21,763,182