CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 375,880	$ 301,083
Accounts receivable, net	395,071	418,673
Inventories	513,196	476,557
Prepaid expenses and other current assets	115,436	97,943
Prepaid taxes	22,842	12,076
Total current assets	1,422,425	1,306,332
Property, plant and equipment, net	473,912	430,719
Operating lease assets	100,635	113,160
Goodwill	2,585,966	2,245,305
Intangibles assets, net	2,519,746	2,156,285
Deferred tax assets	8,073	5,572
Other assets	41,802	52,447
Total assets	7,152,559	6,309,820
Current liabilities
Current borrowings	100,500	50,000
Accounts payable	102,520	102,916
Accrued expenses	136,276	100,466
Current portion of contingent consideration	20,543	148,090
Payroll and benefit-related liabilities	122,366	115,981
Accrued interest	7,135	5,514
Income taxes payable	17,361	6,692
Other current liabilities	33,326	33,396
Total current liabilities	540,027	563,055
Long-term borrowings	2,377,888	1,858,943
Deferred tax liabilities	484,678	439,558
Pension and postretirement benefit liabilities	74,499	82,719
Noncurrent liability for uncertain tax positions	10,127	10,294
Noncurrent contingent consideration	16,090	71,818
Noncurrent operating lease liabilities	86,097	101,372
Other liabilities	226,696	202,741
Total liabilities	3,816,102	3,330,500
Commitments and contingencies
Shareholders’ equity
Common shares, $1 par value Issued: 2020 — 47,812 shares; 2019 — 47,536 shares	47,812	47,536
Additional paid-in capital	652,305	616,980
Retained earnings	3,096,228	2,824,916
Accumulated other comprehensive loss	(297,298)	(344,392)
Shareholders equity before treasury stock, total	3,499,047	3,145,040
Less: Treasury stock, at cost	162,590	165,720
Total shareholders' equity	3,336,457	2,979,320
Total liabilities and shareholders' equity	$ 7,152,559	$ 6,309,820