Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 198,358	$ 180,963
Accounts receivable, net	446,459	472,888
Inventories
Raw materials and supplies	129,204	151,105
Work-in-process and finished goods	121,566	133,743
Prepaid expenses and other current assets	70,724	55,438
Total current assets	966,311	994,137
Property, plant and equipment, at cost	431,565	428,190
Less: Accumulated depreciation	(235,125)	(229,595)
Property, plant and equipment, net	196,440	198,595
Right of use lease assets	38,595	43,766
Goodwill	504,457	515,008
Other intangible assets, net	890,464	942,925
Investments in associated companies	92,965	88,234
Deferred tax assets	9,569	11,218
Other non-current assets	33,705	27,739
Total assets	2,732,506	2,821,622
Current liabilities
Short-term borrowings and current portion of long-term debt	19,246	19,245
Accounts payable	190,067	193,983
Dividends payable	8,190	7,808
Accrued compensation	43,641	39,834
Accrued restructuring	3,590	5,483
Accrued pension and postretirement benefits	1,574	1,560
Other accrued liabilities	85,799	86,873
Total current liabilities	352,107	354,786
Long-term debt	804,973	933,561
Long-term lease liabilities	22,163	26,967
Deferred tax liabilities	151,606	160,294
Non-current accrued pension and postretirement benefits	27,344	28,765
Other non-current liabilities	33,212	38,664
Total liabilities	1,391,405	1,543,037
Commitments and contingencies (Note 18)
Equity
Common stock $1 par value; authorized 30,000,000 shares; issued and outstanding September 30, 2023 – 18,000,855 shares; December 31, 2022 – 17,950,264 shares	18,001	17,950
Capital in excess of par value	938,473	928,288
Retained earnings	538,628	469,920
Accumulated other comprehensive loss	(154,724)	(138,240)
Total Quaker shareholders’ equity	1,340,378	1,277,918
Noncontrolling interest	723	667
Total equity	1,341,101	1,278,585
Total liabilities and equity	$ 2,732,506	$ 2,821,622