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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Apr. 01, 2017
Cash flows from operating activities:    
Net earnings $ 209,241 $ 201,056
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Restructuring 18,182 3,025
Depreciation and amortization 122,654 105,024
Deferred income taxes 19,401 20,194
Loss (gain) on disposal of property, plant and equipment (1,277) 547
Stock-based compensation expense 7,948 9,467
Changes in operating assets and liabilities, net of effects of acquisitions:    
Receivables, net (104,287) (109,761)
Inventories (74,499) (51,466)
Other assets and prepaid expenses (182) (3,005)
Accounts payable and accrued expenses (14,250) (12,188)
Other liabilities 297 2,989
Net cash provided by operating activities 183,228 165,882
Cash flows from investing activities:    
Additions to property, plant and equipment (250,936) (201,270)
Acquisitions, net of cash acquired (24,410) (827)
Purchases of short-term investments (246,096) 0
Redemption of short-term investments 280,000 0
Net cash used in investing activities (241,442) (202,097)
Cash flows from financing activities:    
Payments on Senior Credit Facilities (365,889) (185,722)
Proceeds from Senior Credit Facilities 355,252 157,957
Payments on Commercial Paper (3,976,712) (3,155,448)
Proceeds from Commercial Paper 4,089,996 3,788,003
Payments on asset securitization borrowings 0 (500,000)
Debt issuance costs 0 (522)
Change in outstanding checks in excess of cash (6,905) (1,158)
Shares redeemed for taxes (9,144) (12,255)
Proceeds and net tax benefit from stock transactions 1 13
Net cash used in financing activities 86,599 90,868
Effect of exchange rate changes on cash and cash equivalents 1,574 12,118
Net change in cash and cash equivalents 29,959 66,771
Cash and cash equivalents, beginning of period 84,884 121,665
Cash and cash equivalents, end of period $ 114,843 $ 188,436