v3.26.3
Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Operating activities:    
Net income $ 1,232,553 $ 1,081,541
Adjustments to reconcile net income to total operating activities:    
Depreciation and amortization 327,054 317,146
Deferred income taxes (45,631) (66,548)
Share-based compensation expense 37,674 35,229
Loss (Gain) on sale of facilities 0 (91)
Net change in assets and liabilities, net of acquisitions (44,483) (138,519)
Pension contributions (3,761) (4,529)
Other, net (7,549) (6,730)
Total operating activities 1,495,857 1,217,499
Investing activities:    
Additions to property, plant and equipment (90,722) (73,251)
Purchases of businesses, net of cash acquired (5,345,848) (933,242)
Proceeds from sale of facilities 0 200
Other, net 473 521
Total investing activities (5,436,097) (1,005,772)
Financing activities:    
Net change in short-term borrowings (447,689) 427,684
Proceeds from long-term borrowings 4,975,726 0
Repayments of long-term borrowings (100,000) (239,942)
Repurchases of common stock (28,246) (163,623)
Cash dividends paid (233,530) (214,370)
Proceeds from stock option exercises 28,142 21,600
Debt financing costs (21,773) 0
Other, net (14,588) (8,015)
Total financing activities 4,158,042 (176,666)
Effect of exchange rate changes on cash and cash equivalents (9,601) 30,177
Increase (decrease) in cash and cash equivalents 208,201 65,238
Cash and cash equivalents:    
Beginning of period 457,951 373,999
End of period $ 666,152 $ 439,237