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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 292,034 $ 445,084
Accounts receivable, net 408,834 383,569
Inventories 578,507 477,643
Prepaid expenses and other current assets 125,084 117,277
Prepaid taxes 6,524 5,545
Total current assets 1,410,983 1,429,118
Property, plant and equipment, net 447,205 443,758
Operating lease assets 131,211 129,653
Goodwill 2,536,730 2,504,202
Intangibles assets, net 2,306,165 2,289,067
Deferred tax assets 6,402 6,820
Other assets 89,367 69,104
Total assets 6,928,063 6,871,722
Current liabilities    
Current borrowings 87,500 110,000
Accounts payable 126,807 118,236
Accrued expenses 140,644 163,441
Payroll and benefit-related liabilities 133,092 143,657
Accrued interest 5,332 5,209
Income taxes payable 24,736 83,943
Other current liabilities 63,381 55,633
Total current liabilities 581,492 680,119
Long-term borrowings 1,624,023 1,740,102
Deferred tax liabilities 388,886 370,124
Pension and postretirement benefit liabilities 31,394 45,185
Noncurrent liability for uncertain tax positions 5,805 8,646
Noncurrent operating lease liabilities 120,437 116,033
Other liabilities 154,058 156,765
Total liabilities 2,906,095 3,116,974
Commitments and contingencies
Shareholders’ equity    
Common shares, $1 par value Issued: 2022 — 47,957 shares; 2021 — 47,929 shares 47,957 47,929
Additional paid-in capital 715,118 693,090
Retained earnings 3,817,304 3,517,954
Accumulated other comprehensive loss (403,522) (346,959)
Shareholders equity before treasury stock, total 4,176,857 3,912,014
Less: Treasury stock, at cost 154,889 157,266
Total shareholders' equity 4,021,968 3,754,748
Total liabilities and shareholders' equity $ 6,928,063 $ 6,871,722