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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jul. 01, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 240,382 $ 176,915
Accounts receivable, net 11,035,898 12,322,717
Inventories 5,452,198 5,319,369
Other current assets 402,729 521,339
Total current assets 17,131,207 18,340,340
Property, plant, and equipment, at cost:    
Land 5,691 5,691
Buildings and improvements 186,648 184,211
Machinery and equipment 1,612,005 1,583,661
Property, plant, and equipment, gross 1,804,344 1,773,563
Less: Accumulated depreciation and amortization (1,246,125) (1,177,107)
Property, plant, and equipment, net 558,219 596,456
Investments in affiliated companies 62,138 65,112
Intangible assets, net 142,917 159,137
Goodwill [1] 2,044,214 2,027,626
Other assets 597,204 574,511
Total assets 20,535,899 21,763,182
LIABILITIES AND EQUITY    
Accounts payable 8,981,212 10,460,419
Accrued expenses 1,199,924 1,339,302
Short-term borrowings, including current portion of long-term debt 488,168 589,883
Total current liabilities 10,669,304 12,389,604
Long-term debt 3,672,828 3,182,964
Other liabilities 539,293 579,261
Equity:    
Issued - 125,424 shares in both 2023 and 2022 125,424 125,424
Capital in excess of par value 1,203,064 1,208,708
Treasury stock (69,762 and 66,175 shares in 2023 and 2022, respectively), at cost (5,108,188) (4,637,345)
Retained earnings 9,725,141 9,214,832
Accumulated other comprehensive loss (359,096) (365,262)
Total shareholders’ equity 5,586,345 5,546,357
Noncontrolling interests 68,129 64,996
Total equity 5,654,474 5,611,353
Total liabilities and equity $ 20,535,899 $ 21,763,182
[1] The total carrying value of goodwill as of July 1, 2023 and December 31, 2022 in the table above is reflected net of $1.6 billion of accumulated impairment charges, of which $1.3 billion was recorded in the global components business segment and $301.9 million was recorded in the global enterprise computing solutions ("ECS") business segment.