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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 466,108 $ 545,248 $ 472,224
Adjustments to reconcile Net income to Net cash provided by operating activities:      
Rationalization and asset impairment net charges (Note 7) 20,887 4,779 8,100
Depreciation and amortization 88,238 86,670 78,059
Gain on sale of property 0 (36,187) 0
Deferred income taxes (Note 13) (40,328) (20,926) (48,207)
Stock-based compensation 24,052 26,231 25,267
Pension settlement net charges 3,792 0 0
Other, net (6,780) (17,464) 11,982
Changes in operating assets and liabilities, net of effects from acquisitions:      
Decrease (increase) in accounts receivable 52,829 14,980 (65,010)
Decrease (increase) in inventories 25,355 122,094 (81,188)
(Increase) in other current assets (41,558) (35,608) (18,297)
(Decrease) increase in trade accounts payable (27,189) (32,028) 16,852
Increase (decrease) in other current liabilities 32,703 10,056 (8,199)
Net change in other assets and liabilities 868 (303) (8,197)
NET CASH PROVIDED BY OPERATING ACTIVITIES 598,977 667,542 383,386
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (116,603) (90,987) (71,883)
Acquisition of businesses, net of cash acquired (Note 4) (252,746) (32,685) (436,298)
Proceeds from sale of property, plant and equipment 7,798 49,494 3,331
Other investing activities 320 (551) 159
NET CASH USED BY INVESTING ACTIVITIES (361,231) (74,729) (504,691)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from (payments on) on short-term borrowings 8,449 (79,873) 34,351
Proceeds from long-term borrowings 550,000 0 405,444
Payments on long-term borrowings (400,677) (8,109) 0
Proceeds from exercise of stock options 27,404 22,365 6,385
Purchase of shares for treasury (263,751) (198,765) (181,293)
Cash dividends paid to shareholders (162,143) (148,010) (130,724)
Other financing activities (3,922) 0 (438)
NET CASH (USED BY) PROVIDED BY FINANCING ACTIVITIES (244,640) (412,392) 133,725
Effect of exchange rate changes on Cash and cash equivalents (9,631) 16,216 (8,228)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (16,525) 196,637 4,192
Cash and cash equivalents at beginning of period 393,787 197,150 192,958
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 377,262 $ 393,787 $ 197,150