CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016
Current Assets
Cash and equivalents	$ 181,308	$ 869,531	$ 297,089
Accounts receivable, net	1,506,145	1,115,217	1,528,808
Inventories	989,995	613,798	910,546
Prepaid expenses and other current assets	352,711	341,518	342,362
Total current assets	3,030,159	2,940,064	3,078,805
Noncurrent Assets
Property, plant, and equipment, net	821,228	773,965	747,451
Goodwill	1,397,642	1,387,628	1,392,155
Other noncurrent assets	950,655	1,392,137	1,430,456
Total Assets	6,199,684	6,493,794	6,648,867
Current Liabilities
Short-term borrowings	732,649	192,168	0
Current portion of long-term debt	250,000	0	300,000
Accounts payable	713,488	664,857	694,757
Accrued liabilities	568,845	628,826	629,114
Income taxes payable	32,296	19,722	21,695
Total current liabilities	2,297,278	1,505,573	1,645,566
Noncurrent Liabilities
Long-term debt	1,886,404	2,134,271	2,133,489
Other noncurrent liabilities	576,327	446,168	454,434
Total noncurrent liabilities	2,462,731	2,580,439	2,587,923
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	1,793,036	1,790,832	1,781,540
Treasury stock at cost: 97.7 million shares, 99.3 million shares, and 99.0 million shares, respectively	(2,392,422)	(2,426,749)	(2,434,520)
Retained earnings	2,460,224	3,545,359	3,502,076
Accumulated other comprehensive loss	(862,532)	(943,029)	(875,087)
Total stockholders’ equity	1,439,675	2,407,782	2,415,378
Total Liabilities and Stockholders’ Equity	$ 6,199,684	$ 6,493,794	$ 6,648,867

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
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.