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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities:    
Net income $ 629,954 $ 554,820
Adjustments to reconcile net income to total operating activities:    
Depreciation and amortization 163,935 155,218
Deferred income taxes (38,144) (19,459)
Share-based compensation expense 22,860 22,527
Gain on sale of facilities 0 (7,054)
Net change in assets and liabilities, net of acquisitions (51,627) (245,958)
Pension contributions (2,880) (3,884)
Other, net (2,315) (18,973)
Total operating activities 721,783 437,237
Investing activities:    
Additions to property, plant and equipment (47,835) (52,540)
Purchases of businesses, net of cash acquired (99,266) 0
Proceeds from sale of facilities 0 11,754
Other, net (2,886) (247)
Total investing activities (149,987) (41,033)
Financing activities:    
Net change in short-term borrowings (219,610) 56,490
Repurchases of common stock (6,524) (331,379)
Cash dividends paid (115,071) (101,197)
Proceeds from stock option exercises 29,055 17,827
Other, net (4,941) (12,134)
Total financing activities (317,091) (370,393)
Effect of exchange rate changes on cash and cash equivalents 5,496 (23,930)
Increase in cash and cash equivalents 260,201 1,881
Cash and cash equivalents:    
Beginning of period 345,386 346,772
End of period $ 605,587 $ 348,653