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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current Assets    
Cash and equivalents $ 731,362 $ 762,181
Accounts receivable, net of allowances for credit losses of $10.7 million and $15.9 million in 2021 and 2020, respectively 1,072,684 1,033,966
Inventories 777,184 528,474
Prepaid expenses and other current assets 293,299 172,070
Total current assets 2,874,529 2,496,691
Noncurrent Assets    
Property, plant, and equipment, net 455,966 473,794
Right-of-use assets, net 325,484 291,601
Goodwill 1,390,207 1,393,834
Deferred income tax assets 526,906 72,682
Identifiable intangible assets, net 476,858 518,190
Other noncurrent assets 343,944 288,098
Total Assets 6,393,894 5,534,890
Current Liabilities    
Short-term borrowings 0 969
Accounts payable 579,152 495,363
Accrued liabilities 991,592 831,922
Income taxes payable 27,509 27,125
Total current liabilities 1,598,253 1,355,379
Noncurrent Liabilities    
Long-term debt 2,570,992 2,854,664
Noncurrent lease liabilities 283,626 249,353
Other noncurrent liabilities 372,174 465,350
Total noncurrent liabilities 3,226,792 3,569,367
Commitments and Contingencies (See Note 12)
Stockholders’ Equity    
Common stock $1.00 par value, 1.0 billion shares authorized; 441.4 million shares issued 441,369 441,369
Additional paid-in capital 1,832,144 1,842,680
Treasury stock at cost: 90.7 million shares and 93.2 million shares in 2021 and 2020, respectively (2,219,990) (2,282,939)
Retained earnings 2,456,597 1,553,610
Accumulated other comprehensive loss (941,271) (944,576)
Total stockholders’ equity 1,568,849 610,144
Total Liabilities and Stockholders’ Equity $ 6,393,894 $ 5,534,890