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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating Activities of Continuing Operations    
Net earnings $ 444,674 $ 277,997
Adjustments to reconcile net earnings to cash from operating activities:    
(Gain) loss from discontinued operations (12,274) 15,381
Depreciation and amortization 148,205 132,013
Stock-based compensation 14,401 12,963
Gain on sale of assets (942) (5,088)
Cash effect of changes in current assets and liabilities (excluding effects of acquisitions, dispositions and foreign exchange):    
Accounts receivable (188,538) (228,007)
Inventories (102,035) (114,408)
Prepaid expenses and other assets (7,952) 7,715
Accounts payable 109,380 151,731
Accrued expenses (67,580) 29,689
Accrued and deferred taxes, net 5,263 69,834
Other, net (705) (31,555)
Net cash provided by operating activities of continuing operations 341,897 318,265
Investing Activities of Continuing Operations    
Proceeds from sale of short-term investments 124,410 304,278
Purchase of short-term investments 0 (350,583)
Proceeds from the sale of property, plant and equipment 5,010 11,315
Additions to property, plant and equipment (126,420) (86,281)
Proceeds from the sale of businesses 4,816 4,500
Settlement of net investment hedge (18,211) 0
Acquisitions (net of cash acquired) (424,624) (9,985)
Net cash used in investing activities of continuing operations (435,019) (126,756)
Financing Activities of Continuing Operations    
Change in notes payable, net 31,145 30,000
Reduction of long-term debt (400,458) (16,537)
Proceeds from long-term debt, net of discount and issuance costs 788,971 0
Purchase of common stock (98,382) (64,454)
Proceeds from exercise of stock options and SARs, including tax benefits 34,119 42,787
Dividends to stockholders (102,606) (97,277)
Net cash provided by (used in) financing activities of continuing operations 252,789 (105,481)
Cash Flows from Discontinued Operations    
Net cash used in operating activities of discontinued operations (5,739) (1,434)
Net cash used in investing activities of discontinued operations 0 (140)
Net cash used in discontinued operations (5,739) (1,574)
Effect of exchange rate changes on cash and cash equivalents 56,130 (60,002)
Net increase in cash and cash equivalents 210,058 24,452
Cash and cash equivalents at beginning of period 1,187,361 714,365
Cash and cash equivalents at end of period $ 1,397,419 $ 738,817