CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 445,084	$ 375,880
Accounts receivable, net	383,569	395,071
Inventories	477,643	513,196
Prepaid expenses and other current assets	117,277	115,436
Prepaid taxes	5,545	22,842
Total current assets	1,429,118	1,422,425
Property, plant and equipment, net	443,758	473,912
Operating lease assets	129,653	100,635
Goodwill	2,504,202	2,585,966
Intangibles assets, net	2,289,067	2,519,746
Deferred tax assets	6,820	8,073
Other assets	69,104	41,802
Total assets	6,871,722	7,152,559
Current liabilities
Current borrowings	110,000	100,500
Accounts payable	118,236	102,520
Accrued expenses	163,441	136,276
Payroll and benefit-related liabilities	143,657	122,366
Accrued interest	5,209	7,135
Income taxes payable	83,943	17,361
Other current liabilities	55,633	53,869
Total current liabilities	680,119	540,027
Long-term borrowings	1,740,102	2,377,888
Deferred tax liabilities	370,124	484,678
Pension and postretirement benefit liabilities	45,185	74,499
Noncurrent liability for uncertain tax positions	8,646	10,127
Noncurrent operating lease liabilities	116,033	86,097
Other liabilities	156,765	242,786
Total liabilities	3,116,974	3,816,102
Commitments and contingencies
Shareholders’ equity
Common shares, $1 par value Issued: 2021 — 47,929 shares; 2020 — 47,812 shares	47,929	47,812
Additional paid-in capital	693,090	652,305
Retained earnings	3,517,954	3,096,228
Accumulated other comprehensive loss	(346,959)	(297,298)
Shareholders equity before treasury stock, total	3,912,014	3,499,047
Less: Treasury stock, at cost	157,266	162,590
Total shareholders' equity	3,754,748	3,336,457
Total liabilities and shareholders' equity	$ 6,871,722	$ 7,152,559