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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Activities    
Net earnings $ 172,247 $ 99,356
Adjustments to reconcile net earnings to cash from operating activities:    
Depreciation and amortization 95,598 88,604
Stock-based compensation expense 12,805 11,387
Gain on sale of businesses (90,093) (11,228)
Cash effect of changes in current assets and liabilities (excluding effects of acquisitions, dispositions and foreign exchange):    
Accounts receivable, net (23,207) 20,103
Inventories (75,485) (29,478)
Prepaid expenses and other assets (8,189) (1,522)
Accounts payable 43,833 (14,299)
Accrued compensation and employee benefits (42,186) (65,887)
Accrued expenses and other liabilities (41,782) 3,202
Accrued and deferred taxes, net 41,572 45,654
Other, net (7,042) (12,479)
Net cash provided by operating activities 78,071 133,413
Investing Activities    
Additions to property, plant and equipment (42,259) (37,230)
Acquisitions, net of cash and cash equivalents acquired 0 (436,058)
Proceeds from sale of property, plant and equipment 1,273 619
Proceeds from sale of businesses 120,397 47,300
Other 2,369 (488)
Net cash provided by (used in) investing activities 81,780 (425,857)
Financing Activities    
Proceeds and Excess Tax Benefits from Share-based Compensation 0 2,181
Change in commercial paper and notes payable (15,900) 247,099
Dividends paid to stockholders (68,516) (65,940)
Payments to settle employee tax obligations on exercise of share-based awards (8,877) (4,833)
Net cash (used in) provided by financing activities (93,293) 178,507
Cash Flows    
Effect of exchange rate changes on cash and cash equivalents (174) (4,528)
Net increase (decrease) in cash and cash equivalents 66,384 (118,465)
Cash and cash equivalents at beginning of period 349,146 362,185
Cash and cash equivalents at end of period $ 415,530 $ 243,720