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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities:    
Net income $ 219,233 $ 280,616
Adjustments to reconcile net income to total operating activities:    
Depreciation and amortization 64,617 66,067
Deferred income taxes 8,095 (4,042)
Share-based compensation expense 11,440 7,848
Gain on sale of business 0 (141,020)
Gain on sale of facilities 0 (4,592)
Net change in assets and liabilities, net of acquisitions (13,275) 71,199
Pension contributions (2,038) (1,505)
Other, net (3,665) (3,819)
Total operating activities 284,407 270,752
Investing activities:    
Additions to property, plant and equipment (17,537) (16,931)
Purchases of businesses, net of cash acquired (263,948) (116,605)
Proceeds from sale of business 0 245,311
Proceeds from sale of facilities 0 5,463
Other, net (3,017) (1,681)
Total investing activities (284,502) 115,557
Financing activities:    
Net change in short-term borrowings (32,950) 22,251
Proceeds from long-term borrowings 0 500,000
Repurchases of common stock (7,997) (101)
Cash dividends paid (46,033) (41,165)
Proceeds from stock option exercises 6,925 6,977
Other, net (3,951) (1,313)
Total financing activities (84,006) 486,649
Effect of exchange rate changes on cash and cash equivalents    
Effect of exchange rate changes on cash and cash equivalents (5,061) (12,606)
Increase in cash and cash equivalents (89,162) 860,352
Cash and cash equivalents:    
Beginning of period 1,212,822 393,030
End of period $ 1,123,660 $ 1,253,382