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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 01, 2017
Jul. 02, 2016
Cash flows from operating activities:    
Net earnings $ 462,804 $ 428,231
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Restructuring 16,353 9,524
Depreciation and amortization 214,785 201,408
Deferred income taxes 4,679 17,375
Loss (gain) on disposal of property, plant and equipment 915 (2,421)
Stock-based compensation expense 23,430 23,547
Changes in operating assets and liabilities, net of effects of acquisitions:    
Receivables, net (166,643) (201,249)
Inventories (93,248) (41,305)
Other assets and prepaid expenses (64,447) 53,101
Accounts payable and accrued expenses 17,598 79,876
Other liabilities (2,348) (3,348)
Net cash provided by operating activities 413,878 564,739
Cash flows from investing activities:    
Additions to property, plant and equipment (425,423) (276,914)
Acquisitions, net of cash acquired (250,468) 0
Net cash used in investing activities (675,891) (276,914)
Cash flows from financing activities:    
Payments on Senior Credit Facilities (259,086) (278,879)
Proceeds from Senior Credit Facilities 240,674 266,534
Payments on Commercial Paper (7,155,819) (13,888,260)
Proceeds from Commercial Paper 7,799,905 14,294,098
Repayment of senior notes 0 (645,555)
Payments of other debt and financing costs (6,208) 0
Payments on asset securitization borrowings (500,000) 0
Proceeds from asset securitization borrowings 150,000 0
Debt issuance costs (567) (1,086)
Change in outstanding checks in excess of cash (538) (3,981)
Shares redeemed for taxes (12,255) (11,671)
Proceeds and net tax benefit from stock transactions 1,202 4,133
Net cash provided by (used in) financing activities 257,308 (264,667)
Effect of exchange rate changes on cash and cash equivalents 13,278 7,199
Net change in cash and cash equivalents 8,573 30,357
Cash and cash equivalents, beginning of period 121,665 81,692
Cash and cash equivalents, end of period $ 130,238 $ 112,049