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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities:      
Net income $ 872,439 $ 861,297 $ 777,933
Adjustments to reconcile net income to total operating activities:      
Depreciation and amortization 255,275 234,042 199,490
Deferred income taxes 1,839 19,380 (73,682)
Share-based compensation expense 41,565 40,394 27,315
Gain on sale of business (141,020) 0 0
(Gain) loss on sale of facilities (7,523) (5,332) 127
Changes in assets and liabilities, net of acquisitions:      
Decrease (increase) in receivables 163,471 14,398 (13,383)
Decrease (increase) in inventories and other current assets 77,448 16,410 (59,472)
Increase (decrease) in payables, accruals and income taxes 7,017 (58,932) 36,547
Increase (decrease) in other long-term liabilities 20,430 (16,845) 42,814
Pension contributions (9,527) (5,609) (5,063)
Other, net (434) 15,219 (7,108)
Total operating activities 1,280,980 1,114,422 925,518
Investing activities:      
Additions to property, plant and equipment (74,199) (102,346) (82,076)
Purchases of businesses, net of cash acquired (116,509) (1,061,945) (1,129,305)
Proceeds from sale of business 245,311 0 0
Proceeds from sale of facilities 9,508 11,306 2,570
Other, net (2,481) 2,060 (1,233)
Total investing activities 61,630 (1,150,925) (1,210,044)
Financing activities:      
Net change in short-term borrowings (328,003) 130,705 258,349
Proceeds from long-term borrowings 0 100,000 560,050
Repayments of long-term borrowings (102,947) (100,000) (305,000)
Repurchases of common stock (4,685) (11,924) (367,678)
Cash dividends paid (165,035) (127,496) (128,911)
Acquisition contingent consideration 0 (3,000) (25,500)
Proceeds from stock option exercises 64,903 90,388 30,021
Other, net (3,669) (5,760) (8,291)
Total financing activities (539,436) 72,913 13,040
Effect of exchange rate changes on cash and cash equivalents 16,618 2,645 (20,839)
Increase (decrease) in cash and cash equivalents 819,792 39,055 (292,325)
Cash and cash equivalents:      
Beginning of year 393,030 353,975 646,300
End of year $ 1,212,822 $ 393,030 $ 353,975