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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities of Continuing Operations    
Net earnings $ 347,730 $ 728,004
Adjustments to reconcile net earnings to cash from operating activities:    
Earnings from discontinued operations, net 0 (268,697)
Depreciation and amortization 263,421 235,383
Stock-based compensation expense 17,791 25,525
Gain on sale of assets (3,466) 0
Gain on sale of business (11,228) 0
Cash effect of changes in current assets and liabilities (excluding effects of acquisitions, dispositions and foreign exchange):    
Accounts receivable (31,791) (40,528)
Inventories (21,223) 22,058
Prepaid expenses and other assets (15,932) (1,441)
Accounts payable 38,582 33,979
Accrued compensation and employee benefits (15,999) (63,487)
Accrued expenses and other liabilities 23,076 (5,943)
Accrued and deferred taxes, net 8,565 (16,623)
Other, net (26,580) (15,774)
Net cash provided by operating activities of continuing operations 572,946 632,456
Investing Activities of Continuing Operations    
Additions to property, plant and equipment (115,768) (111,279)
Acquisitions, net of cash and cash equivalents acquired (501,828) (6,500)
Proceeds from sale of property, plant and equipment 9,971 9,471
Proceeds from sale of businesses 47,300 689,314
Other (1,057) 0
Net cash (used in) provided by investing activities of continuing operations (561,382) 581,006
Financing Activities of Continuing Operations    
Purchase of common stock 0 (600,164)
Proceeds from exercise of share-based awards, including tax benefits 6,828 3,626
Change in commercial paper and notes payable, net 355,275 (316,800)
Dividends paid to stockholders (199,759) (192,744)
Payments to settle employee tax obligations on exercise of share-based awards (13,024) (4,808)
Reduction of long-term debt 0 (76)
Net cash provided by (used in) financing activities of continuing operations 149,320 (1,110,966)
Cash Flows from Discontinued Operations    
Net cash used in operating activities of discontinued operations 0 (91,689)
Net cash used in investing activities of discontinued operations 0 (1,984)
Net cash used in discontinued operations 0 (93,673)
Effect of exchange rate changes on cash and cash equivalents (8,314) (27,731)
Net increase (decrease) in cash and cash equivalents 152,570 (18,908)
Cash and cash equivalents at beginning of period 362,185 681,581
Cash and cash equivalents at end of period $ 514,755 $ 662,673