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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities:    
Net income $ 970,324 $ 852,461
Adjustments to reconcile net income to total operating activities:    
Depreciation and amortization 245,713 230,968
Deferred income taxes (67,525) (32,889)
Share-based compensation expense 35,773 34,587
Gain on sale of business/investment 0 (3,584)
Gain on sale of facilities 0 (7,054)
Net change in assets and liabilities, net of acquisitions 27,266 (299,311)
Pension contributions (3,927) (5,244)
Other, net (12,985) (5,576)
Total operating activities 1,194,639 764,358
Investing activities:    
Additions to property, plant and equipment (76,506) (80,829)
Purchases of businesses, net of cash acquired (246,656) (190,321)
Proceeds from sale of business/investment 0 3,734
Proceeds from sale of facilities 0 11,754
Other, net (3,149) 124
Total investing activities (326,311) (255,538)
Financing activities:    
Net change in short-term borrowings (220,555) (26,315)
Repurchases of common stock (6,578) (331,424)
Cash dividends paid (172,693) (151,635)
Proceeds from stock option exercises 40,120 23,241
Other, net (5,068) (15,056)
Total financing activities (364,774) (501,189)
Effect of exchange rate changes on cash and cash equivalents (7,039) (44,459)
Increase in cash and cash equivalents 496,515 (36,828)
Cash and cash equivalents:    
Beginning of period 345,386 346,772
End of period $ 841,901 $ 309,944