CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Current Assets
Cash and equivalents	$ 300,455	$ 971,650	$ 518,217
Accounts receivable, net	803,111	1,094,452	884,071
Inventories	853,795	561,755	882,788
Prepaid expenses and other current assets	572,341	559,074	602,874
Total current assets	2,529,702	3,186,931	2,887,950
Noncurrent Assets
Property, plant, and equipment, net	733,002	737,869	703,408
Goodwill	1,393,147	1,392,925	1,407,031
Other noncurrent assets	1,441,951	1,404,258	1,489,794
Total Assets	6,097,802	6,721,983	6,488,183
Current Liabilities
Short-term borrowings			20,481
Accounts payable	396,760	430,259	385,655
Accrued liabilities	485,127	639,844	480,847
Income taxes payable	7,787	18,783	20,651
Total current liabilities	889,674	1,088,886	907,634
Noncurrent Liabilities
Long-term debt	2,100,000	2,100,000	2,100,000
Other noncurrent liabilities	543,655	584,026	528,982
Total noncurrent liabilities	2,643,655	2,684,026	2,628,982
Stockholders' Equity
Common stock $1.00 par value, 1.0 billion shares authorized; 441.4 million shares issued	441,369	441,369	441,369
Additional paid-in capital	1,788,993	1,767,096	1,771,095
Treasury stock at cost: 102.8 million shares, 103.3 million shares, and 103.7 million shares, respectively	(2,521,703)	(2,533,566)	(2,534,981)
Retained earnings	3,566,687	3,896,261	3,674,348
Accumulated other comprehensive loss	(710,873)	(622,089)	(400,264)
Total stockholders' equity	2,564,473	2,949,071	2,951,567
Total Liabilities and Stockholders' Equity	$ 6,097,802	$ 6,721,983	$ 6,488,183

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Balance Type:	credit
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- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.