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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating Activities of Continuing Operations  
Net earnings$ 616,954$ 501,756
Adjustments to reconcile net earnings to cash from operating activities:  
Loss from discontinued operations33,04210,657
Depreciation and amortization222,052180,916
Stock-based compensation20,27916,525
Loss on extinguishment of long-term debt04,343
Gain on sale of assets(632)(5,133)
Cash effect of changes in current assets and liabilities (excluding effects of acquisitions, dispositions and foreign exchange):  
Accounts receivable(210,090)(286,984)
Inventories(71,788)(149,394)
Prepaid expenses and other assets(18,055)7,153
Accounts payable110,241123,803
Accrued expenses(13,056)67,960
Contributions to employee benefit plans(12,000)(30,000)
Accrued and deferred taxes, net8,17245,255
Other, net28,171(8,087)
Net cash provided by operating activities of continuing operations713,290478,770
Investing Activities of Continuing Operations  
Proceeds from sale of short-term investments124,410457,063
Purchase of short-term investments0(463,575)
Proceeds from the sale of property, plant and equipment7,38012,046
Additions to property, plant and equipment(190,699)(125,241)
Proceeds from the sale of businesses304,1764,500
Settlement of net investment hedge(18,211)0
Acquisitions (net of cash acquired)(1,369,252)(45,198)
Net cash used in investing activities of continuing operations(1,142,196)(160,405)
Financing Activities of Continuing Operations  
Change in notes payable, net(14,988)48,000
Reduction of long-term debt(401,187)(75,814)
Proceeds from long-term debt, net of discount and issuance costs788,9710
Purchase of common stock(129,637)(70,198)
Proceeds from exercise of stock options and SARs, including tax benefits36,63752,221
Dividends to stockholders(161,046)(148,636)
Net cash provided by (used in) financing activities of continuing operations118,750(194,427)
Cash Flows from Discontinued Operations  
Net cash provided by operating activities of discontinued operations14,54038,946
Net cash used in investing activities of discontinued operations(2,481)(4,514)
Net cash provided by discontinued operations12,05934,432
Effect of exchange rate changes on cash and cash equivalents26,557(6,840)
Net increase in cash and cash equivalents(271,540)151,530
Cash and cash equivalents at beginning of period1,188,564716,171
Cash and cash equivalents at end of period$ 917,024$ 867,701