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Using horizontal analysis, compute the dollar change (in thousands) in noncurrent liabilities from 2021 to 2022. Note: deferred income taxes, under liabilities, are typically classified
Using horizontal analysis, compute the dollar change (in thousands) in noncurrent liabilities from 2021 to 2022. Note: deferred income taxes, under liabilities, are typically classified as a noncurrent liability. Enter a decrease as a negative number. December 31, 2022 2021 ASSETS Current assets: Cash and cash equivalents $ 463,889 $ 329,266 Accounts receivabletrade, net 711,203 671,464 Inventories 1,173,119 988,511 Prepaid expenses and other 272,195 256,965 Total current assets 2,620,406 2,246,206 Property, plant and equipment, net 2,769,702 2,586,187 Goodwill 2,606,956 2,633,174 Other intangibles 1,966,269 2,037,588 Other non-current assets 944,989 868,203 Deferred income taxes 40,498 40,873 Total assets $ 10,948,820 $ 10,412,231 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 970,558 $ 692,338 Accrued liabilities 832,518 855,638 Accrued income taxes 6,710 3,070 Short-term debt 693,790 939,423 Current portion of long-term debt 753,578 2,844 Total current liabilities 3,257,154 2,493,313 Long-term debt 3,343,977 4,086,627 Other long-term liabilities 719,742 787,058 Deferred income taxes 328,403 288,004 Total liabilities 7,649,276 7,655,002
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