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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities:    
Net income $ 988,867 $ 970,324
Adjustments to reconcile net income to total operating activities:    
Depreciation and amortization 287,049 245,713
Deferred income taxes (28,970) (67,525)
Share-based compensation expense 34,907 35,773
Gain on sale of facilities (995) 0
Net change in assets and liabilities, net of acquisitions 20,675 27,266
Pension contributions (4,433) (3,927)
Other, net (18,268) (12,985)
Total operating activities 1,278,832 1,194,639
Investing activities:    
Additions to property, plant and equipment (75,350) (76,506)
Purchases of businesses, net of cash acquired 0 (246,656)
Proceeds from sale of facilities 4,246 0
Other, net 1,580 (3,149)
Total investing activities (69,524) (326,311)
Financing activities:    
Net change in short-term borrowings (698,099) (220,555)
Repayments of long-term borrowings (300,000) 0
Repurchases of common stock (67,995) (6,578)
Cash dividends paid (194,068) (172,693)
Proceeds from stock option exercises 39,728 40,120
Other, net (7,976) (5,068)
Total financing activities (1,228,410) (364,774)
Effect of exchange rate changes on cash and cash equivalents 5,564 (7,039)
(Decrease) increase in cash and cash equivalents (13,538) 496,515
Cash and cash equivalents:    
Beginning of period 409,804 345,386
End of period $ 396,266 $ 841,901