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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities:    
Net income $ 351,758 $ 310,943
Adjustments to reconcile net income to total operating activities:    
Depreciation and amortization 106,367 98,000
Deferred income taxes (1,328) (2,974)
Share-based compensation expense 9,464 8,941
Gain on sale of facilities 0 (995)
Net change in assets and liabilities, net of acquisitions (42,196) 816
Pension contributions (1,462) (1,460)
Other, net (5,058) (3,044)
Total operating activities 417,545 410,227
Investing activities:    
Additions to property, plant and equipment (23,069) (27,652)
Purchases of businesses, net of cash acquired (103,165) 0
Proceeds from sale of facilities 0 4,246
Other, net 521 1,994
Total investing activities (125,713) (21,412)
Financing activities:    
Net change in short-term borrowings (185,093) (363,052)
Repurchases of common stock (18,011) (6,915)
Cash dividends paid (71,455) (64,664)
Proceeds from stock option exercises 4,669 23,613
Other, net (7,803) (6,531)
Total financing activities (277,693) (417,549)
Effect of exchange rate changes on cash and cash equivalents 10,863 (7,305)
Increase (decrease) in cash and cash equivalents 25,002 (36,039)
Cash and cash equivalents:    
Beginning of period 373,999 409,804
End of period $ 399,001 $ 373,765