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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Jun. 30, 2020
Current Assets      
Cash and equivalents $ 384,743 $ 762,181 $ 461,557
Accounts receivable, net of allowances for credit losses of $12.3 million, $18.7 million and $15.9 million, respectively 784,084 1,033,966 650,502
Inventories 818,037 528,474 727,864
Prepaid expenses and other current assets 186,965 172,070 174,218
Total current assets 2,173,829 2,496,691 2,014,141
Noncurrent Assets      
Property, plant, and equipment, net 459,828 473,794 471,866
Right-of-use assets, net 343,793 291,601 282,474
Goodwill 1,392,779 1,393,834 1,382,858
Other noncurrent assets 870,829 878,970 847,366
Total Assets 5,241,058 5,534,890 4,998,705
Current Liabilities      
Short-term borrowings 214 969 400,000
Accounts payable 438,913 495,363 402,220
Accrued liabilities 647,425 831,922 541,833
Income taxes payable 35,838 27,125 15,732
Total current liabilities 1,122,390 1,355,379 1,359,785
Noncurrent Liabilities      
Long-term debt 2,839,119 2,854,664 2,850,841
Noncurrent lease liabilities 306,094 249,353 246,414
Other noncurrent liabilities 445,736 465,350 435,565
Total noncurrent liabilities 3,590,949 3,569,367 3,532,820
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 1,848,201 1,842,680 1,844,075
Treasury stock at cost: 92.4 million shares, 94.4 million shares and 93.2 million shares, respectively (2,262,223) (2,282,939) (2,314,967)
Retained earnings 1,435,688 1,553,610 1,113,220
Accumulated other comprehensive loss (935,316) (944,576) (977,597)
Total stockholders’ equity 527,719 610,144 106,100
Total Liabilities and Stockholders’ Equity $ 5,241,058 $ 5,534,890 $ 4,998,705