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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities:    
Net income $ 554,820 $ 450,912
Adjustments to reconcile net income to total operating activities:    
Depreciation and amortization 155,218 139,814
Deferred income taxes (19,459) 27,482
Share-based compensation expense 22,527 23,593
Gain on sale of facilities (7,054) 0
Net change in assets and liabilities, net of acquisitions (245,958) (58,497)
Pension contributions (3,884) (4,094)
Other, net (18,973) (7,767)
Total operating activities 437,237 571,443
Investing activities:    
Additions to property, plant and equipment (52,540) (41,005)
Purchases of businesses, net of cash acquired 0 (1,840,845)
Proceeds from sale of facilities 11,754 0
Other, net (247) (292)
Total investing activities (41,033) (1,882,142)
Financing activities:    
Net change in short-term borrowings 56,490 569,949
Repurchases of common stock (331,379) (12,878)
Cash dividends paid (101,197) (92,167)
Proceeds from stock option exercises 17,827 31,112
Other, net (12,134) (4,420)
Total financing activities (370,393) 491,596
Effect of exchange rate changes on cash and cash equivalents (23,930) (3,075)
Increase (decrease) in cash and cash equivalents 1,881 (822,178)
Cash and cash equivalents:    
Beginning of period 346,772 1,212,822
End of period $ 348,653 $ 390,644