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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Cash flows from operating activities:    
Net earnings $ 105,703 $ 117,910
Adjustments to reconcile net earnings to net cash flows from operations:    
Depreciation and amortization 61,523 60,424
Noncash loss (gain) on trading securities 39 (48)
Impairment of property, plant and equipment 2,811 0
Impairment of goodwill and trade names 16,638 0
Stock-based compensation 8,736 8,889
Defined benefit pension plan benefit (5,401) (382)
Contribution to defined benefit pension plan (17,398) (17,426)
Gain on sale of property, plant and equipment (60) (465)
Equity in loss in nonconsolidated subsidiaries 755 0
Deferred income taxes (3,750) 7,098
Changes in assets and liabilities:    
Receivables (26,298) (21,117)
Inventories (32,992) 9,502
Prepaid expenses and other assets (19,157) (14,451)
Contract assets 28,597 (7,850)
Accounts payable 63,627 (19,256)
Accrued expenses 61,122 10,928
Contract liabilities (1,475) 118,973
Other noncurrent liabilities 20,982 (4,563)
Income taxes payable/refundable 9,044 (8,936)
Net cash flows from operating activities 273,046 239,230
Cash flows from investing activities:    
Purchase of property, plant and equipment (70,960) (71,981)
Proceeds from sale of assets 911 1,325
Acquisitions, net of cash acquired (15,862) (81,841)
Settlement of net investment hedges 11,983 11,184
Other, net 2,543 2,117
Net cash flows from investing activities (71,385) (139,196)
Cash flows from financing activities:    
Proceeds from short-term agreements 4,251 14,392
Payments on short-term agreements (10,713) (5,108)
Proceeds from long-term borrowings 88,872 31,000
Principal payments on long-term borrowings (76,417) (10,578)
Dividends paid (27,316) (24,554)
Dividends to noncontrolling interest (5,642) (6,549)
Purchase of noncontrolling interest (55,916) (27,845)
Purchase of treasury shares (28,006) (55,172)
Proceeds from exercises under stock plans 980 3,211
Purchase of common treasury shares—stock plan exercises (77) (1,456)
Net cash flows from financing activities (109,984) (82,659)
Effect of exchange rate changes on cash and cash equivalents (2,164) (3,385)
Net change in cash and cash equivalents 89,513 13,990
Cash, cash equivalents, and restricted cash—beginning of year 353,542 313,210
Cash, cash equivalents, and restricted cash—end of period $ 443,055 $ 327,200