v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities:    
Net earnings $ 550,679 $ 509,885
Adjustments to reconcile net earnings to cash provided by operating activities:    
Loss from discontinued operations, net 615 9,486
Depreciation and amortization 194,233 181,801
Stock-based compensation expense 27,759 30,877
Gain on dispositions 0 (4,644)
Other, net (5,197) (12,068)
Cash effect of changes in assets and liabilities:    
Accounts receivable, net (163,949) (62,914)
Inventories (167,613) (77,568)
Prepaid expenses and other assets (36,780) 1,817
Accounts payable 91,604 (7,485)
Accrued compensation and employee benefits (70,319) (93,931)
Accrued expenses and other liabilities 21,996 (30,430)
Accrued and deferred taxes, net (15,860) (75,012)
Net cash provided by operating activities 427,168 369,814
Investing Activities:    
Additions to property, plant and equipment (107,591) (109,124)
Acquisitions, net of cash and cash equivalents acquired (665) (658,480)
Proceeds from dispositions, net of cash transferred 0 5,998
Other 2,415 5,836
Net cash used in investing activities (105,841) (755,770)
Financing Activities:    
Repurchase of common stock (53,937) (40,700)
Dividends paid to stockholders (140,442) (142,019)
Payments to settle employee tax obligations on exercise of share-based awards (31,898) (10,292)
Other (8,760) (13,458)
Net cash used in financing activities (235,037) (206,469)
Cash Flows from Discontinued Operations:    
Net cash used in operating activities of discontinued operations (778) (255)
Net cash used in investing activities of discontinued operations 0 (9,796)
Net cash used in discontinued operations (778) (10,051)
Effect of exchange rate changes on cash and cash equivalents (6,349) 22,492
Net increase (decrease) in cash and cash equivalents 79,163 (579,984)
Cash and cash equivalents at beginning of period 1,676,808 1,844,877
Cash and cash equivalents at end of period $ 1,755,971 $ 1,264,893