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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities      
Net income $ 2,221,239 $ 1,861,787 $ 1,644,817
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 455,255 419,815 378,959
Stock-based compensation expense 44,414 81,021 65,991
Deferred income taxes 73,235 16,233 36,889
Write-down of equity investments 243,311 210,484 188,286
Unrealized gains on derivative contracts (513,800) 0 0
Other 76,604 103,287 120,818
Changes in assets and liabilities, net of business acquisitions and divestitures:      
Accounts receivable—trade, net 4,456 (102,080) (38,165)
Inventories 68,831 (157,153) (186,963)
Prepaid expenses and other current assets (89,809) (22,444) (14,507)
Accounts payable and accrued liabilities 28,901 50,234 216,479
Accrued income taxes (17,093) (32,481) 5,005
Contributions to pension and other benefit plans (15,599) (27,581) (78,547)
Other assets and liabilities (48,349) (77,932) (11,225)
Net cash provided by operating activities 2,531,596 2,323,190 2,327,837
Investing Activities      
Capital additions (including software) (605,942) (771,109) (519,481)
Equity investments in tax credit qualifying partnerships (285,499) (256,815) (275,534)
Business acquisitions, net of cash and cash equivalents acquired (75,500) (165,818) 0
Other investing activities 6,627 (4,934) 7,639
Net cash used in investing activities (960,314) (1,198,676) (787,376)
Financing Activities      
Net increase (decrease) in short-term debt 607,006 26,049 (245,633)
Long-term borrowings, net of debt issuance costs 0 744,092 0
Repayment of long-term debt and finance leases (306,359) (755,414) (4,741)
Cash dividends paid (1,084,802) (889,071) (775,030)
Repurchase of common stock (494,191) (264,913) (388,964)
Exercise of stock options 14,663 26,015 34,158
Payment, Tax Withholding, Share-Based Payment Arrangement (32,818) (35,009) (35,515)
Net cash used in financing activities (1,296,501) (1,148,251) (1,415,725)
Effect of exchange rate changes on cash and cash equivalents 54,063 (38,250) 9,887
Net (decrease) increase in cash and cash equivalents 328,844 (61,987) 134,623
Cash and cash equivalents, beginning of period 401,902 463,889 329,266
Cash and cash equivalents, end of period 730,746 401,902 463,889
Supplemental Disclosure      
Interest paid 179,777 160,729 131,757
Income taxes paid $ 201,799 $ 303,942 $ 221,321