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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
OPERATING ACTIVITIES:    
Net income $ 356,383 $ 355,211
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 71,487 73,640
Share-based compensation 8,646 7,855
Excess tax benefits from share-based compensation (5,300) (5,948)
Changes in operating assets and liabilities 22,892 (63,656)
NET CASH PROVIDED BY OPERATING ACTIVITIES 454,108 367,102
INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (37,464) (39,923)
Acquisitions and other investing activities (80,140) (178,889)
NET CASH USED IN INVESTING ACTIVITIES (117,604) (218,812)
FINANCING ACTIVITIES:    
Proceeds from debt 1,634,587 1,246,613
Payments on debt (1,552,554) (1,214,169)
Share-based awards exercised, net of taxes paid (5,914) (6,754)
Excess tax benefits from share-based compensation 5,300 5,948
Dividends paid (181,883) (171,171)
Purchases of stock (145,219) (53,769)
NET CASH USED IN FINANCING ACTIVITIES (245,683) (193,302)
EFFECT OF EXCHANGE RATE CHANGES ON CASH (4,711) 982
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 86,110 (44,030)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 137,730 196,893
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 223,840 $ 152,863