XML 19 R8.htm IDEA: XBRL DOCUMENT v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating Activities:    
Net earnings $ 238,433 $ 230,821
Adjustments to reconcile net earnings to cash provided by operating activities:    
Loss from discontinued operations, net 316 8,420
Depreciation and amortization 97,421 87,418
Stock-based compensation expense 20,960 23,874
Gain on dispositions 0 (2,468)
Other, net 5,061 1,547
Cash effect of changes in assets and liabilities:    
Accounts receivable, net (78,959) (5,475)
Inventories (105,517) (49,277)
Prepaid expenses and other assets (31,797) (11,582)
Accounts payable 107,984 (18,522)
Accrued compensation and employee benefits (104,233) (127,826)
Accrued expenses and other liabilities 19,245 7,851
Accrued and deferred taxes, net 22,083 12,693
Net cash provided by operating activities 190,997 157,474
Investing Activities:    
Additions to property, plant and equipment (59,808) (48,192)
Acquisitions, net of cash and cash equivalents acquired (665) (29,287)
Proceeds from dispositions, net of cash transferred 0 3,804
Other (1,187) (511)
Net cash used in investing activities (61,660) (74,186)
Financing Activities:    
Repurchase of common stock (53,937) (40,700)
Dividends paid to stockholders (70,446) (71,399)
Payments to settle employee tax obligations on exercise of share-based awards (29,704) (9,003)
Other (7,364) (1,132)
Net cash used in financing activities (161,451) (122,234)
Cash Flows from Discontinued Operations:    
Net cash used in operating activities of discontinued operations (400) (862)
Net cash used in discontinued operations (400) (862)
Effect of exchange rate changes on cash and cash equivalents (2,378) 251
Net decrease in cash and cash equivalents (34,892) (39,557)
Cash and cash equivalents at beginning of period 1,676,808 1,844,877
Cash and cash equivalents at end of period $ 1,641,916 $ 1,805,320