CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Current Assets
Cash and equivalents	$ 599,708	$ 892,814	$ 682,908
Accounts receivable, net	748,074	1,145,099	699,703
Inventories	698,316	587,521	640,320
Prepaid expenses and other current assets	349,859	375,625	377,403
Total current assets	2,395,957	3,001,059	2,400,334
Noncurrent Assets
Property, plant, and equipment, net	732,667	741,147	715,608
Goodwill	1,401,567	1,384,520	1,385,895
Other noncurrent assets	1,438,754	1,408,417	1,583,861
Total Assets	5,968,945	6,535,143	6,085,698
Current Liabilities
Short-term borrowings	0	16,914	0
Current portion of long-term debt	300,000	300,000	0
Accounts payable	424,349	651,681	287,599
Accrued liabilities	495,383	658,182	496,638
Income taxes payable	14,393	18,752	10,537
Total current liabilities	1,234,125	1,645,529	794,774
Noncurrent Liabilities
Long-term debt	1,785,427	1,784,721	2,082,603
Other noncurrent liabilities	474,273	471,639	541,678
Total noncurrent liabilities	2,259,700	2,256,360	2,624,281
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	1,797,967	1,789,870	1,774,748
Treasury stock at cost: 101.0 million shares, 103.0 million shares, and 101.7 million shares, respectively	(2,476,006)	(2,494,901)	(2,528,722)
Retained earnings	3,542,486	3,745,815	3,708,274
Accumulated other comprehensive loss	(830,696)	(848,899)	(729,026)
Total stockholders’ equity	2,475,120	2,633,254	2,666,643
Total Liabilities and Stockholders’ Equity	$ 5,968,945	$ 6,535,143	$ 6,085,698

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).

Name:	us-gaap_AccountsPayableCurrent
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3-4)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 3
-Subparagraph a(1)
-Article 5

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 4
-Article 5