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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 290,188 $ 222,848
Accounts receivable, net 459,495 443,467
Inventories 600,133 626,216
Prepaid expenses and other current assets 117,851 107,471
Prepaid taxes 3,457 7,404
Total current assets 1,471,124 1,407,406
Property, plant and equipment, net 502,852 479,913
Operating lease assets 108,912 123,521
Goodwill 2,632,314 2,914,055
Intangibles assets, net 2,268,714 2,501,960
Deferred tax assets 11,374 6,748
Other assets 102,624 98,943
Total assets 7,097,914 7,532,546
Current liabilities    
Current borrowings 100,000 87,500
Accounts payable 141,031 132,247
Accrued expenses 143,167 146,880
Payroll and benefit-related liabilities 151,263 146,535
Accrued interest 5,338 5,583
Income taxes payable 41,318 41,453
Other current liabilities 67,243 46,547
Total current liabilities 649,360 606,745
Long-term borrowings 1,555,871 1,727,572
Deferred tax liabilities 391,066 456,080
Pension and postretirement benefit liabilities 20,185 23,989
Noncurrent liability for uncertain tax positions 1,831 3,370
Noncurrent operating lease liabilities 99,154 111,300
Other liabilities 102,307 162,502
Total liabilities 2,819,774 3,091,558
Commitments and contingencies
Shareholders’ equity    
Common shares, $1 par value Issued: 2024 — 48,096 shares; 2023 — 48,046 shares 48,096 48,046
Additional paid-in capital 781,184 749,712
Retained earnings 4,115,870 4,109,736
Accumulated other comprehensive loss (316,669) (314,405)
Shareholders equity before treasury stock, total 4,628,481 4,593,089
Less: Treasury stock, at cost 350,341 152,101
Total shareholders' equity 4,278,140 4,440,988
Total liabilities and shareholders' equity $ 7,097,914 $ 7,532,546