CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Current assets
Cash and cash equivalents	$ 543,789	$ 338,366
Accounts receivable, net	271,993	262,416
Inventories, net	316,171	330,275
Prepaid expenses and other current assets	40,382	34,915
Prepaid taxes	8,179	30,895
Assets held for sale	2,879	6,972
Total current assets	1,183,393	1,003,839
Property, plant and equipment, net	302,899	316,123
Goodwill	1,276,720	1,295,852
Intangibles assets, net	1,091,663	1,199,975
Deferred tax assets	1,712	2,341
Other assets	34,826	53,644
Total assets	3,891,213	3,871,774
Current liabilities
Current borrowings	183,071	417,350
Accounts payable	69,400	66,305
Accrued expenses	65,149	64,017
Current portion of contingent consideration	587	7,291
Payroll and benefit-related liabilities	82,679	84,658
Accrued interest	10,450	7,480
Income taxes payable	7,908	8,059
Other current liabilities	8,402	8,960
Total current liabilities	427,646	664,120
Long-term borrowings	850,252	641,850
Deferred tax liabilities	271,377	315,983
Pension and postretirement benefit liabilities	133,062	149,441
Noncurrent liability for uncertain tax positions	17,520	40,400
Other liabilities	52,015	48,887
Total liabilities	1,751,872	1,860,681
Commitments and contingencies
Convertible notes - redeemable equity component (Note 19)	1,824	0
Mezzanine equity	1,824	0
Common shareholders’ equity
Common shares, $1 par value Issued: 2016 — 45,814 shares; 2015 — 43,517 shares	45,814	43,517
Additional paid-in capital	506,800	440,127
Retained earnings	2,194,593	2,016,176
Accumulated other comprehensive loss	(438,717)	(371,124)
Shareholders equity before treasury stock, total	2,308,490	2,128,696
Less: Treasury stock, at cost	170,973	119,424
Total common shareholders’ equity	2,137,517	2,009,272
Noncontrolling interest	0	1,821
Total equity	2,137,517	2,011,093
Total liabilities and equity	$ 3,891,213	$ 3,871,774