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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Oct. 02, 2016
Oct. 04, 2015
Operating Activities    
Net income $ 603,191 $ 299,567
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 241,901 182,855
Stock-based compensation expense 40,699 39,989
Excess tax benefits from stock-based compensation (20,978) (22,966)
Deferred income taxes (12,703) (10,385)
Goodwill impairment 0 280,802
Contributions to pension and other benefits plans (42,566) (45,187)
Loss on extinguishment of debt 0 28,326
Write-down of equity investments 35,862 13,895
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 (157,142) (186,156)
Inventories (83,221) (2,064)
Accounts payable and accrued liabilities (159,871) (55,890)
Other assets and liabilities 4,017 72,299
Net cash provided by operating activities 422,539 595,085
Investing Activities    
Capital additions (including software) (168,225) (237,893)
Proceeds from sales of property, plant and equipment 3,032 1,184
Proceeds from sale of business 0 32,408
Equity investments in tax credit qualifying partnerships (35,395) (3,775)
Business acquisitions, net of cash and cash equivalents acquired (285,374) (218,654)
Sale of short-term investments 0 95,316
Net cash used in investing activities (485,962) (331,414)
Financing Activities    
Net increase in short-term debt 250,573 336,851
Long-term borrowings 792,923 599,031
Repayment of long-term debt (250,000) (351,042)
Payment of SGM liability (see Note 2) (35,762) 0
Cash dividends paid (371,706) (353,070)
Exercise of stock options 95,336 63,623
Excess tax benefits from stock-based compensation 20,978 22,966
Purchase of noncontrolling interest 0 (38,270)
Repurchase of common stock (452,580) (567,480)
Net cash provided by (used in) financing activities 49,762 (287,391)
Effect of exchange rate changes on cash and cash equivalents 465 (7,221)
Decrease in cash and cash equivalents (13,196) (30,941)
Cash and cash equivalents, beginning of period 346,529 374,854
Cash and cash equivalents, end of period 333,333 343,913
Supplemental Disclosure    
Interest paid (excluding loss on early extinguishment of debt in 2015) 72,925 71,124
Income taxes paid $ 306,580 $ 256,610