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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 237,423 $ 222,848
Accounts receivable, net 448,532 443,467
Inventories 627,866 626,216
Prepaid expenses and other current assets 111,624 107,471
Prepaid taxes 8,163 7,404
Total current assets 1,433,608 1,407,406
Property, plant and equipment, net 485,535 479,913
Operating lease assets 112,560 123,521
Goodwill 2,898,343 2,914,055
Intangible assets, net 2,429,460 2,501,960
Deferred tax assets 6,588 6,748
Other assets 111,828 98,943
Total assets 7,477,922 7,532,546
Current liabilities    
Current borrowings 90,625 87,500
Accounts payable 115,945 132,247
Accrued expenses 136,614 146,880
Payroll and benefit-related liabilities 106,055 146,535
Accrued interest 16,999 5,583
Income taxes payable 48,905 41,453
Other current liabilities 55,871 46,547
Total current liabilities 571,014 606,745
Long-term borrowings 1,667,896 1,727,572
Deferred tax liabilities 456,364 456,080
Pension and postretirement benefit liabilities 23,170 23,989
Noncurrent liability for uncertain tax positions 3,288 3,370
Noncurrent operating lease liabilities 104,376 111,300
Other liabilities 148,604 162,502
Total liabilities 2,974,712 3,091,558
Commitments and contingencies
Total shareholders' equity 4,503,210 4,440,988
Total liabilities and shareholders' equity $ 7,477,922 $ 7,532,546