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CONSOLIDATED BALANCE SHEET - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 649,541,000 $ 606,823,000
Restricted cash 7,295,000 17,122,000
Receivables:    
Trade 950,350,000 892,625,000
Allowance for doubtful accounts   (16,428,000)
Inventories 1,131,856,000 1,123,068,000
Prepaid expenses and other current assets 341,765,000 319,334,000
Total Current Assets 3,059,799,000 2,942,544,000
Property, plant and equipment, net 1,458,185,000 1,386,920,000
Goodwill 5,593,252,000 5,497,596,000
Other intangible assets, net 2,727,175,000 2,851,935,000
Other assets 717,260,000 608,416,000
Total Assets 13,555,671,000 13,287,411,000
Current Liabilities:    
Bank borrowings, overdrafts and current portion of long-term debt 634,159,000 384,958,000
Accounts payable 555,687,000 510,372,000
Dividends payable 82,315,000 80,038,000
Other current liabilities 631,565,000 576,822,000
Total Current Liabilities 1,903,726,000 1,552,190,000
Other Liabilities:    
Long-term debt 3,779,359,000 3,997,438,000
Retirement liabilities 326,495,000 265,370,000
Deferred income taxes 593,369,000 641,456,000
Other liabilities 532,135,000 502,366,000
Total Other Liabilities 5,231,358,000 5,406,630,000
Commitments and Contingencies (Note 20)
Redeemable noncontrolling interests 97,552,000 99,043,000
Shareholders’ Equity:    
Common stock 12 1/2¢ par value; 500,000,000 shares authorized; 128,526,137 and 128,526,137 shares issued as of December 31, 2020 and December 31, 2019, respectively; and 106,937,990 and 106,787,299 shares outstanding as of December 31, 2020 and December 31, 2019, respectively 16,066,000 16,066,000
Capital in excess of par value 3,853,401,000 3,823,152,000
Retained earnings 4,156,168,000 4,117,804,000
Accumulated other comprehensive loss:    
Cumulative translation adjustments (284,911,000) (373,043,000)
Accumulated (losses) gains on derivatives qualifying as hedges (6,870,000) 2,068,000
Pension and postretirement liability adjustment (405,760,000) (345,919,000)
Treasury stock, at cost (21,588,147 and 21,738,838 shares as of December 31, 2020 and December 31, 2019, respectively) (1,016,941,000) (1,022,824,000)
Total Shareholders’ Equity 6,311,153,000 6,217,304,000
Noncontrolling interest 11,882,000 12,244,000
Total Shareholders’ Equity including Noncontrolling interest 6,323,035,000 6,229,548,000
Total Liabilities and Shareholders’ Equity $ 13,555,671,000 $ 13,287,411,000