v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common stock $1 par value
Additional paid-in capital
Retained earnings
Accumulated other comprehensive earnings (loss)
Treasury stock
Beginning balance at Dec. 31, 2024 $ 6,953,996 $ 260,031 $ 892,686 $ 13,409,633 $ (327,776) $ (7,280,578)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net earnings 509,885     509,885    
Dividends paid (142,019)     (142,019)    
Common stock issued for the exercise of share-based awards (6,844) 118 (6,962)      
Stock-based compensation expense 30,877   30,877      
Common stock acquired, including accelerated share repurchase program and excise tax (40,700)         (40,700)
Other comprehensive (loss) earnings, net of tax 136,110       136,110  
Ending balance at Jun. 30, 2025 7,441,305 260,149 916,601 13,777,499 (191,666) (7,321,278)
Beginning balance at Mar. 31, 2025 7,137,767 260,117 907,471 13,569,055 (277,598) (7,321,278)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net earnings 279,064     279,064    
Dividends paid (70,620)     (70,620)    
Common stock issued for the exercise of share-based awards 2,159 32 2,127      
Stock-based compensation expense 7,003   7,003      
Other comprehensive (loss) earnings, net of tax 85,932       85,932  
Ending balance at Jun. 30, 2025 7,441,305 260,149 916,601 13,777,499 (191,666) (7,321,278)
Beginning balance at Dec. 31, 2025 7,405,206 260,195 850,763 14,220,582 (174,954) (7,751,380)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net earnings 550,679     550,679    
Dividends paid (140,442)     (140,442)    
Common stock issued for the exercise of share-based awards (31,898) 226 (32,124)      
Stock-based compensation expense 27,759   27,759      
Common stock acquired, including accelerated share repurchase program and excise tax (53,937)   32,029     (85,966)
Other comprehensive (loss) earnings, net of tax (53,363)       (53,363)  
Ending balance at Jun. 30, 2026 7,704,004 260,421 878,427 14,630,819 (228,317) (7,837,346)
Beginning balance at Mar. 31, 2026 7,489,886 260,405 841,809 14,388,569 (195,580) (7,805,317)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net earnings 312,246     312,246    
Dividends paid (69,996)     (69,996)    
Common stock issued for the exercise of share-based awards (2,194) 16 (2,210)      
Stock-based compensation expense 6,799   6,799      
Common stock acquired, including accelerated share repurchase program and excise tax 0   32,029     (32,029)
Other comprehensive (loss) earnings, net of tax (32,737)       (32,737)  
Ending balance at Jun. 30, 2026 $ 7,704,004 $ 260,421 $ 878,427 $ 14,630,819 $ (228,317) $ (7,837,346)