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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities:    
Net income $ 710,125 $ 648,626
Adjustments to reconcile net income to total operating activities:    
Depreciation and amortization 214,068 196,681
Deferred income taxes (39,069) (21,946)
Share-based compensation expense 22,313 22,164
Gain on sale of facilities (91) (995)
Net change in assets and liabilities, net of acquisitions (121,101) (41,144)
Pension contributions (3,021) (2,924)
Other, net (6,590) (8,800)
Total operating activities 776,634 791,662
Investing activities:    
Additions to property, plant and equipment (52,338) (49,068)
Purchases of businesses, net of cash acquired (104,110) 0
Proceeds from sale of business/investment 0 657
Proceeds from sale of facilities 200 4,246
Other, net 521 616
Total investing activities (155,727) (43,549)
Financing activities:    
Net change in short-term borrowings (202,653) (640,611)
Repayments of long-term borrowings 50,000 0
Repurchases of common stock (18,122) (7,595)
Cash dividends paid (142,960) (129,411)
Proceeds from stock option exercises 12,343 34,524
Other, net (8,016) (8,557)
Total financing activities (409,408) (751,650)
Effect of exchange rate changes on cash and cash equivalents 34,214 (9,694)
Increase (decrease) in cash and cash equivalents 245,713 (13,231)
Cash and cash equivalents:    
Beginning of period 373,999 409,804
End of period $ 619,712 $ 396,573