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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 222,194 $ 373,615
Accounts receivable, net 11,123,946 9,205,343
Inventories 4,201,965 3,287,308
Other current assets 345,218 286,633
Total current assets 15,893,323 13,152,899
Property, plant, and equipment, at cost:    
Land 5,736 7,940
Buildings and improvements 186,097 207,614
Machinery and equipment 1,523,919 1,553,371
Property, plant, and equipment, gross 1,715,752 1,768,925
Less: Accumulated depreciation and amortization (1,032,941) (969,320)
Property, plant, and equipment, net 682,811 799,605
Investments in affiliated companies 63,695 76,358
Intangible assets, net 195,029 233,819
Goodwill [1] 2,080,371 2,115,469
Other assets 620,311 675,761
Total assets 19,535,540 17,053,911
LIABILITIES AND EQUITY    
Accounts payable 9,617,084 7,937,889
Accrued expenses 1,326,386 1,034,361
Short-term borrowings, including current portion of long-term debt 382,619 158,633
Total current liabilities 11,326,089 9,130,883
Long-term debt 2,244,443 2,097,940
Other liabilities 624,162 676,136
Commitments and contingencies (Notes 14 and 15)
Equity:    
Issued - 125,424 shares in both 2021 and 2020 125,424 125,424
Capital in excess of par value 1,189,845 1,165,850
Treasury stock (57,358 and 50,581 shares in 2021 and 2020, respectively), at cost (3,629,265) (2,776,821)
Retained earnings 7,787,948 6,679,751
Accumulated other comprehensive loss (191,657) (104,885)
Total shareholders’ equity 5,282,295 5,089,319
Noncontrolling interests 58,551 59,633
Total equity 5,340,846 5,148,952
Total liabilities and equity $ 19,535,540 $ 17,053,911
[1] The total carrying value of goodwill as of December 31, 2021, 2020, and 2019 in the table above is reflected net of $1,588,955 of accumulated impairment charges, of which $1,287,100 was recorded in the global components business segment and $301,855 was recorded in the global ECS business segment.