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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating activities:        
Net income $ 431,690 $ 816,177 $ 1,019,190 $ 1,460,510
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 117,053 110,970 232,305 218,664
Equity-based compensation 13,013 11,678 28,625 27,756
Deferred income taxes 4,577 43,380 (16,447) 52,388
Other adjustments (6,403) 1,541 12,302 (8,465)
Changes in certain assets and liabilities:        
Accounts receivable (36,332) (16,971) (167,085) (87,893)
Inventories (46,645) (55,158) (179,670) 85,954
Other assets 1,973 (4,923) (10,203) 2,919
Accounts payable (27,251) (114,013) 2,248 3,299
Income taxes receivable/payable (145,676) (85,486) 19,988 103,761
Accrued expenses 76,562 100,611 (203,475) (317,304)
Net cash provided by operating activities 382,561 807,806 737,778 1,541,589
Investing activities:        
Purchases of property, plant and equipment (419,166) (358,280) (793,476) (584,599)
Purchases of short-term investments (63,180) (165,052) (269,053) (521,829)
Proceeds from maturities of short-term investments 298,314 267,969 571,308 539,076
Other investing activities (25,554) (217,905) (11,299) (215,562)
Net cash used in investing activities (209,586) (473,268) (502,520) (782,914)
Financing activities:        
Issuance of current and long-term debt 580,613 327,132 959,881 721,042
Repayment of current and long-term debt (590,053) (321,143) (1,003,992) (726,422)
Dividends paid (72,624) (72,323) (140,632) (131,121)
Purchases of treasury stock (309,064) (380,206) (607,123) (734,203)
Other financing activities 8,778 (17,579) (14,330) (41,028)
Net cash used in financing activities (382,350) (464,119) (806,196) (911,732)
Decrease in cash, cash equivalents, and restricted cash (209,375) (129,581) (570,938) (153,057)
Cash, cash equivalents, and restricted cash at beginning of period 1,044,901 1,610,443 1,406,464 1,633,919
Cash, cash equivalents, and restricted cash at end of period 835,526 1,480,862 835,526 1,480,862
Supplemental disclosure information:        
Cash paid for interest 41,037 41,781 50,364 51,377
Cash paid for income taxes, net $ 273,323 $ 308,055 $ 301,713 $ 312,758