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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Jun. 30, 2019
Current Assets      
Cash and equivalents $ 461,557 $ 630,028 $ 194,125
Accounts receivable, net of allowances for credit losses of $18.7 million, $21.3 million, and $18.5 million, respectively 650,502 936,359 755,698
Inventories 702,592 495,504 722,394
Prepaid expenses and other current assets 211,418 186,083 243,305
Total current assets 2,026,069 2,247,974 1,915,522
Noncurrent Assets      
Property, plant, and equipment, net 506,555 550,139 595,838
Right-of-use assets, net 282,474 303,187 317,085
Goodwill 1,382,858 1,390,714 1,386,057
Other noncurrent assets 794,724 833,212 832,127
Total Assets 4,992,680 5,325,226 5,046,629
Current Liabilities      
Short-term borrowings 400,000 0 45,000
Accounts payable 402,220 459,357 416,430
Accrued liabilities 563,633 769,513 585,674
Income taxes payable 15,732 48,037 22,618
Total current liabilities 1,381,585 1,276,907 1,069,722
Noncurrent Liabilities      
Long-term debt 2,850,841 2,846,751 2,855,194
Noncurrent lease liabilities 246,414 270,853 284,947
Other noncurrent liabilities 427,692 439,001 410,571
Total noncurrent liabilities 3,524,947 3,556,605 3,550,712
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 1,844,075 1,825,569 1,831,952
Treasury stock at cost: 94.4 million shares, 95.9 million shares, and 94.6 million shares, respectively (2,314,967) (2,318,921) (2,349,874)
Retained earnings 1,093,268 1,413,181 1,342,410
Accumulated other comprehensive loss (977,597) (869,484) (839,662)
Total stockholders' equity 86,148 491,714 426,195
Total Liabilities and Stockholders' Equity $ 4,992,680 $ 5,325,226 $ 5,046,629