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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and equivalents $ 1,261,363 $ 761,235
Accounts receivable, net of allowances for credit losses of $8.8 million and $27.6 million in 2023 and 2022, respectively 1,081,827 860,221
Inventories 571,609 894,064
Prepaid expenses and other current assets 207,548 213,515
Total current assets 3,122,347 2,729,035
Noncurrent Assets    
Property, plant, and equipment, net 465,523 469,132
Right-of-use assets, net 313,191 318,680
Goodwill 1,384,512 1,378,551
Deferred income tax assets 299,157 471,672
Identifiable intangible assets, net 393,039 425,100
Other noncurrent assets 458,053 385,491
Total Assets 6,435,822 6,177,661
Current Liabilities    
Accounts payable 442,286 471,475
Accrued liabilities 866,283 678,689
Income taxes payable 33,911 37,584
Total current liabilities 1,342,480 1,187,748
Noncurrent Liabilities    
Long-term debt 2,329,986 2,325,644
Noncurrent lease liabilities 259,548 271,418
Other noncurrent liabilities 354,595 336,582
Total noncurrent liabilities 2,944,129 2,933,644
Commitments and Contingencies (See Note 13)
Stockholders' Equity    
Common stock $1.00 par value, 1.00 billion shares authorized; 441.4 million shares issued 441,369 441,369
Additional paid-in capital 1,774,911 1,808,308
Treasury stock at cost: 92.9 million shares and 87.0 million shares in 2023 and 2022, respectively (2,224,160) (2,129,639)
Retained earnings 3,062,061 2,847,709
Accumulated other comprehensive loss (904,968) (911,478)
Total stockholders' equity 2,149,213 2,056,269
Total Liabilities and Stockholders' Equity $ 6,435,822 $ 6,177,661