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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and equivalents $ 1,387,908 $ 1,261,363
Accounts receivable, net of allowances for credit losses of $8.2 million and $8.8 million in 2024 and 2023, respectively 1,003,178 1,081,827
Inventories 501,732 571,609
Prepaid expenses and other current assets 234,099 207,548
Total current assets 3,126,917 3,122,347
Noncurrent Assets    
Property, plant, and equipment, net 516,049 465,523
Right-of-use assets, net 326,394 313,191
Goodwill 1,381,721 1,384,512
Deferred income tax assets 296,862 299,157
Identifiable intangible assets, net 360,563 393,039
Other noncurrent assets 535,578 458,053
Total Assets 6,544,084 6,435,822
Current Liabilities    
Accounts payable 398,983 442,286
Accrued liabilities 878,710 866,283
Income taxes payable 38,030 33,911
Total current liabilities 1,315,723 1,342,480
Noncurrent Liabilities    
Long-term debt 2,334,351 2,329,986
Noncurrent lease liabilities 278,174 259,548
Other noncurrent liabilities 351,711 354,595
Total noncurrent liabilities 2,964,236 2,944,129
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 1,780,259 1,774,911
Treasury stock at cost: 111.4 million shares and 92.9 million shares in 2024 and 2023, respectively (2,566,929) (2,224,160)
Retained earnings 3,603,878 3,062,061
Accumulated other comprehensive loss (994,452) (904,968)
Total stockholders' equity 2,264,125 2,149,213
Total Liabilities and Stockholders' Equity $ 6,544,084 $ 6,435,822