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CONSOLIDATED STATEMENTS OF CASH FLOWS
12 Months Ended
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Operating Activities of Continuing Operations      
Net earnings $ 677,918,000 $ 570,267,000 $ 811,665,000
Adjustments to reconcile net earnings to cash from operating activities:      
(Loss) earnings from discontinued operations, net 0 20,878,000 (65,002,000)
Gain (Loss) on Sale of Assets and Asset Impairment Charges 46,946,000 0 0
Gain (Loss) on Extinguishment of Debt 23,543,000 0 0
Depreciation and amortization 272,287,000 282,580,000 283,278,000
Stock-based compensation 29,702,000 23,698,000 24,073,000
Gain on sale of business 0 0 (203,135,000)
Provision for losses on accounts receivable (net of recoveries) 5,933,000 3,875,000 10,341,000
Deferred income taxes (11,966,000) (35,448,000) (160,395,000)
Employee benefit plan expense 5,844,000 11,912,000 12,191,000
Contributions to employee benefit plans (21,436,000) (25,933,000) (18,588,000)
Other, net (3,652,000) (6,762,000) (4,216,000)
Cash effect of changes assets and liabilities (excluding effects of acquisitions, dispositions and foreign exchange):      
Accounts receivable (7,903,000) (87,573,000) (43,450,000)
Inventories (56,870,000) (85,052,000) 605,000
Prepaid expenses and other assets (25,797,000) (7,453,000) (5,232,000)
Accounts payable 18,270,000 106,561,000 94,052,000
Accrued compensation and employee benefits 15,580,000 (7,037,000) 23,319,000
Accrued expenses and other liabilities (12,656,000) (5,026,000) (36,024,000)
Accrued taxes (10,437,000) 29,706,000 15,927,000
Net cash provided by operating activities of continuing operations 945,306,000 789,193,000 739,409,000
Investing Activities of Continuing Operations      
Additions to property, plant and equipment (186,804,000) (170,994,000) (170,068,000)
Payments to Acquire Businesses, Net of Cash Acquired 216,398,000 68,557,000  
Payments to Acquire Businesses 215,687,000 68,557,000 27,188,000
Proceeds from the sale of property, plant and equipment 4,168,000 5,908,000 11,774,000
Proceeds from the sale of businesses 24,218,000 3,937,000 372,666,000
Other (10,150,000) (15,774,000) 21,151,000
Net cash provided by (used in) investing activities of continuing operations (384,255,000) (245,480,000) 208,335,000
Financing Activities of Continuing Operations      
Cash received from Apergy, net of cash distributed 0 689,643,000 0
Proceeds from long-term debt 847,469,000 0 0
Change in commercial paper and notes payable, net (135,650,000) (10,722,000) (182,596,000)
Repayment of long-term debt (805,112,000) (350,000,000) 0
Dividends to stockholders (282,197,000) (283,570,000) (283,959,000)
Purchase of common stock (143,280,000) (894,977,000) (105,023,000)
Payments for employee tax obligations upon exercise of share-based awards (37,370,000) (46,254,000) (18,443,000)
Other (1,902,000) (1,958,000) 2,912,000
Net cash provided by (used in) financing activities of continuing operations (558,042,000) (897,838,000) (592,933,000)
Cash Flows from Discontinued Operations      
Net cash provided by operating activities of discontinued operations 0 9,442,000 96,225,000
Net cash used in investing activities of discontinued operations 0 (23,705,000) (46,484,000)
Net cash used in financing activities of discontinued operations 0 0 (1,208,000)
Net cash (used in) provided by discontinued operations 0 (14,263,000) 48,533,000
Effect of exchange rate changes on cash and cash equivalents (1,977,000) 10,645,000 1,474,000
Net decrease in cash and cash equivalents 1,032,000 (357,743,000) 404,818,000
Cash and cash equivalents 397,253,000 396,221,000 753,964,000
Supplemental information - cash paid during the year for [Abstract]      
Income taxes 191,084,000 135,427,000 337,987,000
Interest $ 126,753,000 $ 131,823,000 $ 140,863,000