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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities      
Net income $ 163,940 $ 475,901 $ 466,980
Adjustments to reconcile net income to net cash provided by operating activities:      
Asset impairment loss 17,027 26,445 21,444
Depreciation, depletion and amortization 374,859 340,988 308,824
Share-based compensation expense 29,659 27,780 31,309
Net loss on foreign currency remeasurement 113,697 0 0
Equity in earnings of affiliates, net of tax (9,588) (10,347) (14,207)
Cash dividends from affiliated companies 11,926 9,389 8,902
Net gain on disposition of assets (55) (65,947) (5,979)
Net loss/(gain) on divestiture of business 23,452 (57,104) 0
Gain on remeasurement of investment in affiliated companies (6,012) 0 0
Pension and postretirement plan expense 17,477 17,460 10,697
Pension and postretirement plan contributions (19,633) (14,662) (37,409)
Net decrease in deferred taxes (55,715) (12,209) (9,876)
Change in assets and liabilities, net of effects from acquisitions, divestitures and foreign currency adjustments      
Trade accounts receivable 17,763 24,935 (2,466)
Inventories (13,269) 342,713 (353,478)
Payable to suppliers 123,615 (148,841) 27,225
Prepaid expenses (19,144) 1,394 33,702
Income taxes payable and other income tax items (11,269) (28,286) 5,504
Accrued expenses and other assets and liabilities 75,115 (46,691) 17,877
Net cash provided by operating activities 833,845 882,918 509,049
Cash Flows from Investing Activities      
Purchase of property, plant and equipment (393,235) (363,077) (328,769)
Cost of acquisitions, net of cash acquired (3,793,569) (372,616) (1,427,020)
Proceeds from the sale of business, net 80,996 33,237 0
Proceeds from the sale of assets 15,649 80,339 9,621
Proceeds from settlement of net investment hedge 9,068 0 0
Cash settlement of forward contract (34,414) 0 0
Investments in affiliated companies and other net investing proceeds 9,978 2,781 4,732
Net cash used by investing activities (4,105,527) (619,336) (1,741,436)
Cash Flows from Financing Activities      
Proceeds from issuance of debt 4,061,319 962,557 2,153,355
Principal repayment of debt (151,534) (1,112,917) (285,511)
Net decrease in commercial paper borrowings 0 0 (349,000)
Net (decrease)/increase in book cash overdrafts (8,676) 6,408 (18,529)
Payment of loan financing costs (19,000) 0 0
Payment of contingent consideration (948) 0 0
Cash dividends – common (203,492) (197,416) (187,093)
Purchase of noncontrolling interest 0 0 (14,474)
Payments for share repurchases (9,246) (10,617) (4,547)
Net cash provided/(used) by financing activities 3,668,423 (351,985) 1,294,201
Effects of Exchange Rate Changes on Cash (105,618) 12,902 (5,354)
Increase/(Decrease) in Cash and Cash Equivalents 291,123 (75,501) 56,460
Cash and cash equivalents at beginning of year 151,937 227,438 170,978
Cash and cash equivalents at end of year 443,060 151,937 227,438
Supplemental Schedule of Non-Cash Investing Activities:      
Non-cash additions to property, plant and equipment 29,561 23,168 20,250
Supplemental Disclosures:      
Interest paid, net of amounts capitalized 151,182 135,910 88,208
Income taxes paid, net of refunds $ 92,427 $ 189,773 $ 122,881