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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating Activities of Continuing Operations    
Net earnings $ 728,004 $ 605,941
Adjustments to reconcile net earnings to cash from operating activities:    
(Earnings) loss from discontinued operations, net (268,697) 364
Depreciation and amortization 235,383 225,902
Stock-based compensation 25,525 24,710
Cash effect of changes in current assets and liabilities (excluding effects of acquisitions, dispositions and foreign exchange):    
Accounts receivable (40,528) (209,881)
Inventories 22,058 (107,093)
Prepaid expenses and other assets (1,441) (15,944)
Accounts payable 33,979 91,147
Accrued compensation and employee benefits (63,487) (20,843)
Accrued expenses and other liabilities (5,943) 7,111
Accrued and deferred taxes, net (16,623) (71,996)
Other, net (15,774) (24,032)
Net cash provided by operating activities of continuing operations 632,456 505,386
Investing Activities of Continuing Operations    
Additions to property, plant and equipment (111,279) (108,777)
Acquisitions (net of cash and cash equivalents acquired) (6,500) (365,550)
Proceeds from the sale of property, plant and equipment 9,471 9,943
Proceeds from the sale of businesses 689,314 178,112
Other 0 (21,766)
Net cash provided by (used in) investing activities of continuing operations 581,006 (308,038)
Financing Activities of Continuing Operations    
Cash received from Knowles Corporation, net of cash distributed 0 359,837
Purchase of common stock (600,164) (392,588)
Net proceeds from exercise of stock options and SARs, including tax benefits 3,626 18,268
Change in commercial paper and notes payable, net (316,800) (75,980)
Dividends paid to stockholders (192,744) (192,633)
Payments to settle employee tax obligations on exercise of share-based awards (4,808) (19,800)
Reduction of long-term debt (76) (1,613)
Net cash used in financing activities (1,110,966) (304,509)
Cash Flows from Discontinued Operations    
Net cash provided by (used in) operating activities of discontinued operations (91,689) 45,766
Net cash provided by (used in) investing activities of discontinued operations (1,984) (17,637)
Net cash provided by (used in) discontinued operations (93,673) 28,129
Effect of exchange rate changes on cash and cash equivalents (27,731) (18,616)
Net decrease in cash and cash equivalents (18,908) (97,648)
Cash and cash equivalents at beginning of period 681,581 803,882
Cash and cash equivalents at end of period $ 662,673 $ 706,234