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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities:    
Net income $ 305,712 $ 272,447
Adjustments to reconcile net income to total operating activities:    
Depreciation and amortization 82,379 78,121
Deferred income taxes (17,587) (497)
Share-based compensation expense 10,279 9,571
Gain on sale of facilities 0 (7,054)
Net change in assets and liabilities, net of acquisitions 4,883 (138,897)
Pension contributions (1,415) (2,137)
Other, net 2,285 (10,213)
Total operating activities 386,536 201,341
Investing activities:    
Additions to property, plant and equipment (20,006) (26,389)
Purchases of businesses, net of cash acquired (99,266) 0
Proceeds from sale of facilities 0 11,754
Other, net (2,888) (246)
Total investing activities (122,160) (14,881)
Financing activities:    
Net change in short-term borrowings (155,505) 19,977
Repurchases of common stock (6,502) (156,724)
Cash dividends paid (57,492) (50,778)
Proceeds from stock option exercises 10,419 8,262
Other, net (5,886) (8,180)
Total financing activities (214,966) (187,443)
Effect of exchange rate changes on cash and cash equivalents 5,077 (5,485)
Decrease in cash and cash equivalents 54,487 (6,468)
Cash and cash equivalents:    
Beginning of period 345,386 346,772
End of period $ 399,873 $ 340,304