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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating Activities of Continuing Operations    
Net earnings $ 605,941 $ 809,166
Adjustments to reconcile net earnings to cash from operating activities:    
Loss (earnings) from discontinued operations, net 20,651 (157,660)
Depreciation and amortization 235,142 215,110
Stock-based compensation 24,710 23,384
Cash effect of changes in current assets and liabilities (excluding effects of acquisitions, dispositions and foreign exchange):    
Accounts receivable (205,484) (188,601)
Inventories (106,468) (50,740)
Prepaid expenses and other assets (16,566) (4,610)
Accounts payable 87,284 61,273
Accrued compensation and employee benefits (23,886) (36,634)
Accrued expenses and other liabilities 2,689 (12,749)
Contributions to domestic employee benefit plans 0 (9,000)
Accrued and deferred taxes, net (67,423) (59,811)
Other, net (24,454) (691)
Net cash provided by operating activities of continuing operations 532,136 588,437
Investing Activities of Continuing Operations    
Additions to property, plant and equipment (112,639) (97,987)
Acquisitions (net of cash and cash equivalents acquired) (365,550) (118,990)
Proceeds from the sale of property, plant and equipment 10,053 8,406
Proceeds from the sale of businesses 178,112 3,756
Other (21,766) 2,001
Net cash used in investing activities of continuing operations (311,790) (202,814)
Financing Activities of Continuing Operations    
Cash received from Knowles Corporation, net of cash distributed 359,837 0
Purchase of common stock (392,588) (407,862)
Net proceeds from exercise of stock options and SARs, including tax benefits 18,268 35,308
Payments to settle employee tax obligations on exercise of share-based awards (19,800) (28,478)
Dividends paid to stockholders (192,633) (184,111)
Change in notes payable, net (75,980) 61,308
Reduction of long-term debt (1,613) 0
Net cash used in financing activities (304,509) (523,835)
Cash Flows from Discontinued Operations    
Net cash used in operating activities of discontinued operations 18,728 142,373
Net cash used in investing activities of discontinued operations (13,596) (64,244)
Net cash used in discontinued operations 5,132 78,129
Effect of exchange rate changes on cash and cash equivalents (18,617) (169)
Net decrease in cash and cash equivalents (97,648) (60,252)
Cash and cash equivalents at beginning of period 803,882 800,076
Cash and cash equivalents at end of period $ 706,234 $ 739,824