CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Current Assets
Cash and equivalents	$ 297,089	$ 892,814	$ 289,697
Accounts receivable, net	1,528,808	1,145,099	1,451,250
Inventories	910,546	587,521	870,785
Prepaid expenses and other current assets	342,362	375,625	367,953
Total current assets	3,078,805	3,001,059	2,979,685
Noncurrent Assets
Property, plant, and equipment, net	747,451	741,147	721,299
Goodwill	1,392,155	1,384,520	1,387,959
Other noncurrent assets	1,430,456	1,408,417	1,540,678
Total Assets	6,648,867	6,535,143	6,629,621
Current Liabilities
Short-term borrowings	0	16,914	161,008
Current portion of long-term debt	300,000	300,000	0
Accounts payable	694,757	651,681	560,668
Accrued liabilities	629,114	658,182	687,869
Income taxes payable	21,695	18,752	31,918
Total current liabilities	1,645,566	1,645,529	1,441,463
Noncurrent Liabilities
Long-term debt	2,133,489	1,784,721	2,084,015
Other noncurrent liabilities	454,434	471,639	531,480
Total noncurrent liabilities	2,587,923	2,256,360	2,615,495
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	1,781,540	1,789,870	1,779,176
Treasury stock at cost: 99.3 million shares, 102.1 million shares, and 101.7 million shares, respectively	(2,434,520)	(2,494,901)	(2,503,757)
Retained earnings	3,502,076	3,745,815	3,660,796
Accumulated other comprehensive loss	(875,087)	(848,899)	(804,921)
Total stockholders’ equity	2,415,378	2,633,254	2,572,663
Total Liabilities and Stockholders’ Equity	$ 6,648,867	$ 6,535,143	$ 6,629,621

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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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.