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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 301,083 $ 357,161
Accounts receivable, net 418,673 366,286
Inventories 476,557 427,778
Prepaid expenses and other current assets 97,943 72,481
Prepaid taxes 12,076 12,463
Total current assets 1,306,332 1,236,169
Property, plant and equipment, net 430,719 432,766
Operating lease assets 113,160  
Goodwill 2,245,305 2,246,579
Intangibles assets, net 2,156,285 2,325,052
Deferred tax assets 5,572 2,446
Other assets 52,447 34,979
Total assets 6,309,820 6,277,991
Current liabilities    
Current borrowings 50,000 86,625
Accounts payable 102,916 106,709
Accrued expenses 100,466 97,551
Current portion of contingent consideration 148,090 136,877
Payroll and benefit-related liabilities 115,981 104,670
Accrued interest 5,514 6,031
Income taxes payable 6,692 5,943
Other current liabilities 33,396 38,050
Total current liabilities 563,055 582,456
Long-term borrowings 1,858,943 2,072,200
Deferred tax liabilities 439,558 608,221
Pension and postretirement benefit liabilities 82,719 92,914
Noncurrent liability for uncertain tax positions 10,294 10,718
Noncurrent contingent consideration 71,818 167,370
Noncurrent operating lease liabilities 101,372  
Other liabilities 202,741 204,134
Total liabilities 3,330,500 3,738,013
Commitments and contingencies
Shareholders’ equity    
Common shares, $1 par value Issued: 2019 — 47,536 shares; 2018 — 47,248 shares 47,536 47,248
Additional paid-in capital 616,980 574,761
Retained earnings 2,824,916 2,427,599
Accumulated other comprehensive loss (344,392) (341,085)
Shareholders equity before treasury stock, total 3,145,040 2,708,523
Less: Treasury stock, at cost 165,720 168,545
Total shareholders' equity 2,979,320 2,539,978
Total liabilities and shareholders' equity $ 6,309,820 $ 6,277,991