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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating activities:        
Net income $ 816,177 $ 1,214,652 $ 1,460,510 $ 2,322,006
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 110,970 95,701 218,664 183,247
Equity-based compensation 11,678 11,069 27,756 27,588
Deferred income taxes 43,380 (2,636) 52,388 (4)
Other adjustments 1,541 (640) (8,465) 10,517
Changes in certain assets and liabilities:        
Accounts receivable (16,971) (297,047) (87,893) (744,281)
Inventories (55,158) (130,552) 85,954 (116,237)
Other assets (4,923) (12,887) 2,919 6,515
Accounts payable (114,013) 187,521 3,299 111,550
Income taxes receivable/payable (85,486) (203,352) 103,761 138,553
Accrued expenses 100,611 140,023 (317,304) (118,634)
Net cash provided by operating activities 807,806 1,001,852 1,541,589 1,820,820
Investing activities:        
Purchases of property, plant and equipment (358,280) (164,142) (584,599) (323,472)
Purchases of short-term investments (165,052) (351,510) (521,829) (351,510)
Proceeds from maturities of short-term investments 267,969   539,076  
Investments in unconsolidated affiliates       (222,480)
Other investing activities (217,905) 4,817 (215,562) 5,227
Net cash used in investing activities (473,268) (510,835) (782,914) (892,235)
Financing activities:        
Issuance of current and long-term debt 327,132 382,868 721,042 702,647
Repayment of current and long-term debt (321,143) (414,719) (726,422) (763,991)
Dividends paid (72,323) (64,344) (131,121) (115,043)
Purchases of treasury stock (380,206) (517,024) (734,203) (906,214)
Other financing activities (17,579) (60,241) (41,028) (82,768)
Net cash used in financing activities (464,119) (673,460) (911,732) (1,165,369)
Decrease in cash, cash equivalents, and restricted cash (129,581) (182,443) (153,057) (236,784)
Cash, cash equivalents, and restricted cash at beginning of period 1,610,443 1,195,028 1,633,919 1,249,369
Cash, cash equivalents, and restricted cash at end of period 1,480,862 1,012,585 1,480,862 1,012,585
Supplemental disclosure information:        
Cash paid for interest 41,781 41,114 51,377 50,282
Cash paid for income taxes, net $ 308,055 $ 580,454 $ 312,758 $ 590,402