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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net earnings $ 933,566 $ 616,986 $ 532,254
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Restructuring 38,463 33,085 16,497
Intangible asset impairment 47,905 0 0
Loss on sale of subsidiary 0 0 11,954
Depreciation and amortization 409,467 362,647 345,570
Deferred income taxes (34,009) (28,883) (24,026)
Loss on extinguishment of debt 0 0 20,001
Loss on disposal of property, plant and equipment 3,932 3,007 2,153
Stock-based compensation expense 35,059 32,552 27,961
Changes in operating assets and liabilities, net of effects of acquisitions:      
Receivables, net (158,888) (14,383) (107,705)
Inventories (81,923) 6,400 (67,016)
Accounts payable and accrued expenses 80,875 783 (49,204)
Other assets and prepaid expenses 54,267 (75,813) (30,376)
Other liabilities (1,161) (24,508) (15,875)
Net cash provided by operating activities 1,327,553 911,873 662,188
Cash flows from investing activities:      
Additions to property, plant and equipment (672,125) (503,657) (561,804)
Acquisitions, net of cash acquired 0 (1,370,567) 19
Net change in cash from sale of subsidiary 0 0 (3,867)
Net cash used in investing activities (672,125) (1,874,224) (565,652)
Cash flows from financing activities:      
Payments on Senior Credit Facilities (707,129) (1,376,082) (1,613,484)
Proceeds from Senior Credit Facilities 631,807 1,315,930 1,448,191
Payments on Commercial Paper (20,210,585) (15,934,767) (7,424,751)
Proceeds from Commercial Paper 20,301,372 16,402,507 7,726,351
Repayment of senior notes (645,555) 0 (254,445)
Proceeds from asset securitization borrowings 0 0 200,000
Proceeds from senior note issuance 0 564,653 0
Payments on other debt 0 0 (55,358)
Payments on acquired debt and other financings 0 (9,530) (42,954)
Debt issuance costs (1,336) (7,109) 0
Debt extinguishment costs 0 0 (18,921)
Distribution to non-controlling interest 0 0 (1,087)
Change in outstanding checks in excess of cash (1,754) (2,052) (1,920)
Proceeds and net tax benefit from stock transactions 9,280 10,533 12,828
Net cash (used in) provided by financing activities (623,900) 964,083 (25,550)
Effect of exchange rate changes on cash and cash equivalents 8,445 (17,917) (27,175)
Net change in cash and cash equivalents 39,973 (16,185) 43,811
Cash and cash equivalents, beginning of year 81,692 97,877 54,066
Cash and cash equivalents, end of year $ 121,665 $ 81,692 $ 97,877