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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 59,362 $ 69,807
Trade accounts receivable, less allowances of $17,009 in 2019 and $15,469 in 2018 687,112 663,893
Inventories 342,274 385,865
Other current assets and prepaid expenses 105,158 110,638
Total current assets 1,193,906 1,230,203
Property, plant and equipment, Net 770,280 803,374
Goodwill 668,914 670,108
Other intangible assets, net 257,143 285,429
Deferred tax assets, net 34,586 31,199
Other non-current assets 315,170 335,242
Total assets 3,239,999 3,355,555
Current liabilities:    
Trade accounts payable 215,843 210,411
Accrued and other liabilities 187,701 196,138
Accrued compensation and related items 184,532 160,308
Contract with Customer, Liability 204,166 202,022
Taxes payable 193,328 219,984
Short-term borrowings and current maturities of long-term debt 182,623 192,219
Total current liabilities 1,168,193 1,181,082
Long-term debt 1,831,265 1,888,620
Non-current deferred tax liabilities 103,953 108,679
Other non-current liabilities 263,478 327,112
Total liabilities 3,366,889 3,505,493
Commitments and contingencies (Note 16)
Shareholders’ equity:    
Preferred stock, $0.01 par value per share; authorized 10,000,000 shares 0 0
Common stock, $0.01 par value per share; authorized 125,000,000 shares; issued 44,786,011 and 44,786,011 shares, outstanding 24,125,317 and 24,921,963 shares at December 31, 2018 and 2017, respectively 448 448
Additional paid-in capital 897,025 871,110
Treasury stock at cost (20,660,694 and 19,864,048 shares at December 31, 2019 and 2018, respectively) (9,049,925) (8,212,437)
Retained earnings 8,371,420 7,510,756
Accumulated Other Comprehensive Income (Loss), Net of Tax (345,858) (319,815)
Total shareholders’ equity (126,890) (149,938)
Total liabilities and shareholders’ equity $ 3,239,999 $ 3,355,555