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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 242,810 $ 218,053
Accounts receivable, net 11,062,608 12,238,073
Inventories 4,797,053 5,187,225
Other current assets 798,591 684,126
Total current assets 16,901,062 18,327,477
Property, plant, and equipment, at cost:    
Land 5,691 5,691
Buildings and improvements 196,291 195,579
Machinery and equipment 1,624,409 1,632,606
Property, plant, and equipment, gross 1,826,391 1,833,876
Less: Accumulated depreciation and amortization (1,309,303) (1,303,136)
Property, plant, and equipment, net 517,088 530,740
Investments in affiliated companies 58,868 62,741
Intangible assets, net 119,274 127,440
Goodwill 2,054,536 2,050,426
Other assets 612,048 627,344
Total assets 20,262,876 21,726,168
LIABILITIES AND EQUITY    
Accounts payable 8,940,313 10,070,015
Accrued expenses 1,474,605 1,463,915
Short-term borrowings, including current portion of long-term debt 945,698 1,653,954
Total current liabilities 11,360,616 13,187,884
Long-term debt 2,632,250 2,153,553
Other liabilities 500,672 507,424
Contingencies (Note L)
Equity:    
Common stock, par value $1: Authorized - 160,000 shares in both 2024 and 2023 Issued - 57,955 and 57,691 shares in 2024 and 2023 57,955 57,691
Capital in excess of par value 565,166 553,340
Treasury stock (4,725 and 3,880 shares in 2024 and 2023, respectively), at cost (405,663) (297,745)
Retained earnings 5,873,818 5,790,217
Accumulated other comprehensive loss (392,130) (298,039)
Total shareholders' equity 5,699,146 5,805,464
Noncontrolling interests 70,192 71,843
Total equity 5,769,338 5,877,307
Total liabilities and equity $ 20,262,876 $ 21,726,168