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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Current Assets      
Cash and equivalents $ 1,130,223 $ 1,261,363 $ 461,717
Accounts receivable, net of allowances for credit losses of $8.7 million, $12.9 million, and $8.8 million, respectively 673,270 1,081,827 673,844
Inventories 669,335 571,609 961,048
Prepaid expenses and other current assets 262,668 207,548 269,723
Total current assets 2,735,496 3,122,347 2,366,332
Noncurrent Assets      
Property, plant, and equipment, net 452,220 465,523 471,216
Right-of-use assets, net 308,456 313,191 304,496
Goodwill 1,383,757 1,384,512 1,380,992
Deferred income tax assets 304,240 299,157 483,562
Intangible assets, net 384,306 393,039 417,919
Other noncurrent assets 496,897 458,053 407,221
Total Assets 6,065,372 6,435,822 5,831,738
Current Liabilities      
Accounts payable 315,346 442,286 314,140
Accrued liabilities 768,840 866,283 641,326
Income taxes payable 14,925 33,911 13,496
Total current liabilities 1,099,111 1,342,480 968,962
Noncurrent Liabilities      
Long-term debt 2,331,078 2,329,986 2,326,731
Noncurrent lease liabilities 256,200 259,548 257,415
Other noncurrent liabilities 353,671 354,595 340,969
Total noncurrent liabilities 2,940,949 2,944,129 2,925,115
Stockholders' Equity      
Common stock $1.00 par value, 1.00 billion shares authorized; 441.4 million shares issued 441,369 441,369 441,369
Additional paid-in capital 1,772,154 1,774,911 1,772,796
Treasury stock at cost: 97.3 million shares, 87.4 million shares, and 92.9 million shares, respectively (2,306,258) (2,224,160) (2,129,424)
Retained earnings 3,033,780 3,062,061 2,741,238
Accumulated other comprehensive loss (915,733) (904,968) (888,318)
Total stockholders' equity 2,025,312 2,149,213 1,937,661
Total Liabilities and Stockholders' Equity $ 6,065,372 $ 6,435,822 $ 5,831,738