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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities:      
Net income $ 3,879,492 $ 3,246,814 $ 570,828
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 384,202 347,653 325,789
Asset impairment charges     19,409
Equity-based compensation 59,240 57,715 55,598
Deferred income taxes 37,186 322,007 47,808
Other adjustments (1,795) (3,240) 30,974
Changes in certain assets and liabilities:      
Accounts receivable (110,560) (944,516) (111,920)
Inventories 413,262 (1,685,834) (150,596)
Other assets (6,884) (2,491) (1,547)
Accounts payable (289,042) 557,735 182,509
Income taxes receivable/payable 31,623 (105,921) 32,551
Accrued expenses 63,679 414,214 (14,371)
Net cash provided by operating activities 4,460,403 2,204,136 987,032
Investing activities:      
Purchases of property, plant and equipment (908,902) (1,006,239) (1,198,055)
Purchases of short-term investments (927,584)   (149,359)
Proceeds from maturities of short term investments 297,950   411,533
Business combinations, net of cash acquired (134,090)   (60,012)
Investments in unconsolidated affiliates (222,480)    
Other investing activities 15,837 6,819 2,634
Net cash used in investing activities (1,879,269) (999,420) (993,259)
Financing activities:      
Issuance of current and long-term debt 1,465,257 1,516,556 2,523,356
Repayment of current and long-term debt (1,507,475) (1,522,002) (2,177,527)
Dividends paid (237,163) (212,968) (209,248)
Purchases of treasury stock (1,800,905) (1,060,632) (106,529)
Other financing activities (116,298) (50,423) (37,100)
Net cash used in financing activities (2,196,584) (1,329,469) (7,048)
Increase (decrease) in cash and equivalents, and restricted cash 384,550 (124,753) (13,275)
Cash and equivalents, and restricted cash at beginning of period 1,249,369 1,374,122 1,387,397
Cash and equivalents, and restricted cash at end of period 1,633,919 1,249,369 1,374,122
Supplemental disclosure information:      
Cash paid for interest 100,994 103,374 111,591
Cash paid for income taxes, net $ 1,063,844 $ 737,157 $ 50,417