v3.26.1
Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities:    
Net income $ 806,253 $ 710,125
Adjustments to reconcile net income to total operating activities:    
Depreciation and amortization 211,421 214,068
Deferred income taxes (8,362) (39,069)
Share-based compensation expense 23,600 22,313
Loss (Gain) on sale of facilities 0 (91)
Net change in assets and liabilities, net of acquisitions (77,450) (121,101)
Pension contributions (2,535) (3,021)
Other, net (17,717) (6,590)
Total operating activities 935,210 776,634
Investing activities:    
Additions to property, plant and equipment (57,479) (52,338)
Purchases of businesses, net of cash acquired (424,484) (104,110)
Proceeds from sale of facilities 0 200
Other, net 473 521
Total investing activities (481,490) (155,727)
Financing activities:    
Net change in short-term borrowings (208,689) (202,653)
Repayments of long-term borrowings 0 (50,000)
Repurchases of common stock (28,100) (18,122)
Cash dividends paid (155,651) (142,960)
Proceeds from stock option exercises 20,800 12,343
Debt financing costs (21,773) 0
Other, net (14,695) (8,016)
Total financing activities (408,108) (409,408)
Effect of exchange rate changes on cash and cash equivalents (8,117) 34,214
Increase (decrease) in cash and cash equivalents 37,495 245,713
Cash and cash equivalents:    
Beginning of period 457,951 373,999
End of period $ 495,446 $ 619,712