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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 28, 2014
Jun. 29, 2013
Cash flows from operating activities:    
Consolidated net income $ 235,252 $ 167,994
Adjustments to reconcile consolidated net income to net cash provided by operations:    
Depreciation and amortization 76,283 64,104
Amortization of stock-based compensation 20,167 12,782
Equity in earnings of affiliated companies (2,598) (3,343)
Deferred income taxes 15,979 19,548
Restructuring, integration, and other charges 15,546 36,183
Excess tax benefits from stock-based compensation arrangements (6,248) (6,617)
Other 1,372 2,250
Change in assets and liabilities, net of effects of acquired businesses:    
Accounts receivable 597,926 161,163
Inventories (130,669) (59,866)
Accounts payable (410,063) (124,091)
Accrued expenses (107,937) (173,852)
Other assets and liabilities (21,538) 58,258
Net cash provided by operating activities 283,472 154,513
Cash flows from investing activities:    
Cash consideration paid for acquired businesses (60,224) (9,382)
Acquisition of property, plant, and equipment (62,003) (53,561)
Other 0 (3,000)
Net cash used for investing activities (122,227) (65,943)
Cash flows from financing activities:    
Change in short-term and other borrowings (9,904) (27,739)
Repayment of long-term bank borrowings, net (120,000) (85,300)
Net proceeds from note offering 0 591,156
Redemption of senior notes 0 (338,184)
Proceeds from exercise of stock options 18,321 12,295
Excess tax benefits from stock-based compensation arrangements 6,248 6,617
Repurchases of common stock (138,811) (312,310)
Net cash used for financing activities (244,146) (153,465)
Effect of exchange rate changes on cash 1,235 1,102
Net decrease in cash and cash equivalents (81,666) (63,793)
Cash and cash equivalents at beginning of period 390,602 409,684
Cash and cash equivalents at end of period $ 308,936 $ 345,891