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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating Activities of Continuing Operations    
Net earnings $ 217,646 $ 541,906
Adjustments to reconcile net earnings to cash from operating activities:    
Earnings from discontinued operations, net 0 (269,082)
Depreciation and amortization 176,698 158,209
Stock-based compensation 14,360 18,851
Gain on sale of assets (1,530) 0
Gain on Disposition of Business (11,228) 0
Cash effect of changes in current assets and liabilities (excluding effects of acquisitions, dispositions and foreign exchange):    
Accounts receivable 429 17,459
Inventories (16,429) 861
Prepaid expenses and other assets (5,449) 1,025
Accounts payable 5,377 6,588
Accrued compensation and employee benefits (42,534) (87,716)
Accrued expenses and other liabilities 16,135 (21,313)
Accrued and deferred taxes, net 11,746 (17,805)
Other, net (23,940) 1,260
Net cash provided by operating activities of continuing operations 341,281 350,243
Investing Activities of Continuing Operations    
Additions to property, plant and equipment (72,652) (71,763)
Acquisitions (net of cash and cash equivalents acquired) (475,236) (6,500)
Proceeds from the sale of property, plant and equipment 5,804 7,723
Proceeds from the sale of businesses 47,300 685,000
Other (488) 0
Net cash (used in) provided by investing activities of continuing operations (495,272) 614,460
Financing Activities of Continuing Operations    
Purchase of common stock 0 (500,134)
Proceeds from exercise of share-based awards, including tax benefits 3,966 3,481
Change in commercial paper and notes payable, net 185,556 (396,100)
Dividends paid to stockholders (131,253) (127,659)
Payments to settle employee tax obligations on exercise of share-based awards (7,440) (4,478)
Reduction of long-term debt 0 (42)
Net cash provided by (used in) financing activities of continuing operations 50,829 (1,024,932)
Cash Flows from Discontinued Operations    
Net cash used in operating activities of discontinued operations 0 (10,053)
Net cash used in investing activities of discontinued operations 0 (1,984)
Net cash used in discontinued operations 0 (12,037)
Effect of exchange rate changes on cash and cash equivalents (3,883) (14,147)
Net decrease in cash and cash equivalents (107,045) (86,413)
Cash and cash equivalents at beginning of period 362,185 681,581
Cash and cash equivalents at end of period $ 255,140 $ 595,168