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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jul. 03, 2016
Jul. 05, 2015
Operating Activities    
Net income $ 375,788 $ 144,796
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 156,779 118,801
Stock-based compensation expense 26,208 26,615
Excess tax benefits from stock-based compensation (14,813) (21,111)
Deferred income taxes (5,615) (20,044)
Goodwill impairment 0 249,811
Contributions to pension and other benefits plans (16,544) (10,664)
Write-down of equity investments 15,061 4,664
Gain on settlement of SGM liability (see Note 2) (26,650) 0
Changes in assets and liabilities, net of effects from business acquisitions and divestitures:    
Accounts receivable—trade, net 118,932 133,382
Inventories (110,987) (59,773)
Accounts payable and accrued liabilities (120,935) (128,545)
Other assets and liabilities (50,126) 48,383
Net cash provided by operating activities 347,098 486,315
Investing Activities    
Capital additions (including software) (104,109) (152,353)
Proceeds from sales of property, plant and equipment 1,657 1,010
Proceeds from sale of business 0 32,408
Equity investments in tax credit qualifying partnerships (16,763) (1,865)
Business acquisitions, net of cash and cash equivalents acquired (285,374) (218,654)
Net cash used in investing activities (404,589) (339,454)
Financing Activities    
Net increase in short-term debt 630,121 253,978
Long-term borrowings 0 1,564
Repayment of long-term debt 0 (660)
Payment of SGM liability (see Note 2) (35,762) 0
Cash dividends paid (243,139) (228,962)
Exercise of stock options 45,946 53,079
Excess tax benefits from stock-based compensation 14,813 21,111
Repurchase of common stock (452,580) (315,664)
Net cash used in financing activities (40,601) (215,554)
Effect of exchange rate changes on cash and cash equivalents 1,748 (3,502)
Decrease in cash and cash equivalents (96,344) (72,195)
Cash and cash equivalents, beginning of period 346,529 374,854
Cash and cash equivalents, end of period 250,185 302,659
Supplemental Disclosure    
Interest paid 42,005 42,568
Income taxes paid $ 239,501 $ 214,072