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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jul. 01, 2022
Cash Flows From Operating Activities    
Net Earnings $ 263,434 $ 218,221
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 36,117 31,453
Deferred income taxes 7,650 14,743
Share-based compensation 18,417 14,386
Change in    
Accounts receivable (17,421) (56,263)
Inventories (184) (70,879)
Trade accounts payable (8,243) 8,369
Salaries and incentives (10,179) (29,201)
Retirement benefits and deferred compensation 1,953 349
Other accrued liabilities (5,728) (386)
Other (3,493) 4,193
Net cash provided by operating activities 282,323 134,985
Cash Flows From Investing Activities    
Property, plant and equipment additions (92,232) (88,861)
Acquisition of businesses, net of cash acquired 0 (25,296)
Other (940) (397)
Net cash used in investing activities (93,172) (114,554)
Cash Flows From Financing Activities    
Borrowings on short-term lines of credit, net 28,966 13,830
Payments on long-term debt 0 (75,000)
Payments of debt issuance costs 1,025 0
Common stock issued 52,053 23,410
Common stock repurchased (7,766) (120,021)
Taxes paid related to net share settlement of equity awards (1,225) (1,219)
Cash dividends paid (78,991) (71,341)
Net cash provided (used) in financing activities (7,988) (230,341)
Effect of exchange rate changes on cash 274 (1,033)
Net increase (decrease) in cash and cash equivalents 181,437 (210,943)
Cash and Cash Equivalents    
Beginning of year 339,196 624,302
End of period $ 520,633 $ 413,359