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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 28, 2024
Jun. 30, 2023
Cash Flows From Operating Activities    
Net Earnings $ 255,177 $ 263,434
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 39,325 36,117
Deferred income taxes 7,677 7,650
Share-based compensation 20,105 18,417
Change in    
Accounts receivable (1,373) (17,421)
Inventories (22,221) (184)
Trade accounts payable 10,645 (8,243)
Salaries and incentives (15,482) (10,179)
Retirement benefits and deferred compensation 3,193 1,953
Other accrued liabilities (28,649) (5,728)
Other (10,475) (3,493)
Net cash provided by operating activities 257,922 282,323
Cash Flows From Investing Activities    
Property, plant and equipment additions (73,449) (92,232)
Other 5,568 (940)
Net cash used in investing activities (67,881) (93,172)
Cash Flows From Financing Activities    
Borrowings on short-term lines of credit, net 712 28,966
Payments of debt issuance costs 0 (1,025)
Common stock issued 46,802 52,053
Common stock repurchased (17,761) (7,766)
Taxes paid related to net share settlement of equity awards (4,612) (1,225)
Cash dividends paid (85,983) (78,991)
Net cash used in financing activities (60,842) (7,988)
Effect of exchange rate changes on cash (1,144) 274
Net increase in cash and cash equivalents 128,055 181,437
Cash and Cash Equivalents    
Beginning of year 537,951 339,196
End of period $ 666,006 $ 520,633