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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net earnings $ 272,189 $ 110,828
Adjustments to reconcile net earnings to net cash flows from operations:    
Depreciation and amortization 70,541 73,638
Contribution to defined benefit pension plan (19,539) (15,259)
Impairment of goodwill and other intangible assets   140,844
Gain on divestiture   (2,994)
Stock-based compensation 21,665 28,810
Net periodic pension cost 482 186
Loss on sale of property, plant, and equipment 474 822
Equity in loss of nonconsolidated subsidiaries 60 1,219
Deferred income taxes (15,959) (12,562)
Changes in assets and liabilities:    
Receivables (65,013) (66,190)
Inventories 44,041 50,133
Contract assets (7,310) 4,419
Prepaid expenses and other assets (current and non-current) (6,955) (20,986)
Accounts payable (3,728) (11,212)
Contract liabilities 66,227 (88,293)
Accrued expenses (6,413) 11,022
Income taxes payable 23,766 10,557
Other non-current liabilities 4,736 (24,114)
Net cash flows from operating activities 379,264 190,868
Cash flows from investing activities:    
Purchases of property, plant, and equipment (53,833) (71,233)
Proceeds from divestiture, net of cash divested   6,369
Proceeds from sale of assets 383 1,565
Proceeds from property damage insurance claims   6,770
Acquisitions, net of cash acquired   (31,839)
Other, net (1,649) (898)
Net cash flows from investing activities (55,099) (89,266)
Cash flows from financing activities:    
Proceeds from short-term borrowings 7,436 24,649
Repayments on short-term borrowings (9,335) (27,290)
Proceeds from long-term borrowings 30,009 215,012
Principal repayments on long-term borrowings (240,522) (109,335)
Proceeds from settlement of financial derivatives 2,711 0
Dividends paid (36,337) (36,983)
Dividends to redeemable noncontrolling interests (664) (662)
Purchases of redeemable noncontrolling interests (17,745) 0
Repurchases of common stock (55,069) (166,663)
Proceeds from exercises under stock plans 4,567 5,348
Tax withholdings on exercises under stock plans (8,492) (15,567)
Other, net (2,436) 0
Net cash flows from financing activities (325,877) (111,491)
Effect of exchange rate changes on cash and cash equivalents (852) (2,951)
Net change in cash and cash equivalents (2,564) (12,840)
Cash and cash equivalents-beginning of period 203,041 185,406
Cash and cash equivalents-end of period 200,477 172,566
Supplemental disclosures of cash flow information:    
Interest paid 35,973 30,932
Income taxes paid $ 84,548 $ 88,930