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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities:    
Net income $ 280,616 $ 204,268
Adjustments to reconcile net income to total operating activities:    
Depreciation and amortization 66,067 57,500
Deferred income taxes (4,042) 12,739
Share-based compensation expense 7,848 7,121
Gain on sale of business (141,020)  
Gain on sale of facilities (4,592) (735)
Net change in assets and liabilities, net of acquisitions 71,199 (84,167)
Pension contributions (1,505) (715)
Other, net (3,819) 246
Total operating activities 270,752 196,257
Investing activities:    
Additions to property, plant and equipment (16,931) (21,417)
Purchases of businesses, net of cash acquired (116,605)  
Proceeds from sale of business 245,311  
Proceeds from sale of facilities 5,463 765
Other, net (1,681) 2,902
Total investing activities 115,557 (17,750)
Financing activities:    
Net change in short-term borrowings 22,251 (256,286)
Proceeds from long-term borrowings 500,000 100,000
Repurchases of common stock (101) (137)
Cash dividends paid (41,165) (31,766)
Proceeds from stock option exercises 6,977 24,929
Other, net (1,313) (2,605)
Total financing activities 486,649 (165,865)
Effect of exchange rate changes on cash and cash equivalents (12,606) 1,448
Increase in cash and cash equivalents 860,352 14,090
Cash and cash equivalents:    
Beginning of period 393,030 353,975
End of period $ 1,253,382 $ 368,065