CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017
Current Assets
Cash and equivalents	$ 526,724	$ 1,079,221	$ 381,887
Accounts receivable, net	676,119	1,128,610	806,800
Inventories	677,732	600,704	769,799
Prepaid expenses and other current assets	341,095	303,053	362,879
Total current assets	2,221,670	3,111,588	2,321,365
Noncurrent Assets
Property, plant, and equipment, net	756,684	785,285	783,469
Goodwill	1,397,217	1,396,669	1,389,920
Other noncurrent assets	928,519	944,961	1,426,175
Total Assets	5,304,090	6,238,503	5,920,929
Current Liabilities
Short-term borrowings	0	0	180,000
Current portion of long-term debt	0	250,000	250,000
Accounts payable	398,360	572,166	481,412
Accrued liabilities	578,909	792,139	450,316
Income taxes payable	9,910	9,498	9,316
Total current liabilities	987,179	1,623,803	1,371,044
Noncurrent Liabilities
Long-term debt	2,871,771	2,873,119	1,884,982
Other noncurrent liabilities	462,674	484,126	448,962
Total noncurrent liabilities	3,334,445	3,357,245	2,333,944
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	1,817,139	1,808,391	1,798,726
Treasury stock at cost: 97.4 million shares, 98.8 million shares, and 97.6 million shares, respectively	(2,385,850)	(2,389,877)	(2,422,197)
Retained earnings	1,848,957	2,179,358	3,301,875
Accumulated other comprehensive loss	(739,149)	(781,786)	(903,832)
Total stockholders’ equity	982,466	1,257,455	2,215,941
Total Liabilities and Stockholders’ Equity	$ 5,304,090	$ 6,238,503	$ 5,920,929

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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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.