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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities:      
Net income $ 990,053 $ 872,439 $ 861,297
Adjustments to reconcile net income to total operating activities:      
Depreciation and amortization 292,112 255,275 234,042
Deferred income taxes (29,762) 1,839 19,380
Share-based compensation expense 46,103 41,565 40,394
Gain on sale of business (6,349) (141,020) 0
Gain on sale of facilities 0 (7,523) (5,332)
Changes in assets and liabilities, net of acquisitions:      
(Increase) decrease in receivables (172,791) 163,471 14,398
(Increase) decrease in inventories and other current assets (129,593) 77,448 16,410
Increase (decrease) in payables, accruals and income taxes 212,101 7,017 (58,932)
(Decrease) increase in other long-term liabilities (35,104) 20,430 (16,845)
Pension contributions (10,277) (9,527) (5,609)
Other, net 3,964 (434) 15,219
Total operating activities 1,160,457 1,280,980 1,114,422
Investing activities:      
Additions to property, plant and equipment (110,671) (74,199) (102,346)
Purchases of businesses, net of cash acquired (1,959,218) (116,509) (1,061,945)
Proceeds from sale of business 12,000 245,311 0
Proceeds from sale of facilities 2,341 9,508 11,306
Other, net (294) (2,481) 2,060
Total investing activities (2,055,842) 61,630 (1,150,925)
Financing activities:      
Net change in short-term borrowings 243,615 (328,003) 130,705
Proceeds from long-term borrowings 0 0 100,000
Repayments of long-term borrowings (59,718) (102,947) (100,000)
Repurchases of common stock (14,711) (4,685) (11,924)
Cash dividends paid (184,595) (165,035) (127,496)
Acquisition contingent consideration 0 0 (3,000)
Proceeds from stock option exercises 60,297 64,903 90,388
Other, net (5,551) (3,669) (5,760)
Total financing activities 39,337 (539,436) 72,913
Effect of exchange rate changes on cash and cash equivalents (10,002) 16,618 2,645
(Decrease) increase in cash and cash equivalents (866,050) 819,792 39,055
Cash and cash equivalents:      
Beginning of year 1,212,822 393,030 353,975
End of year $ 346,772 $ 1,212,822 $ 393,030