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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jul. 01, 2017
Cash flows from operating activities:    
Net earnings $ 406,786 $ 462,804
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Restructuring 31,311 16,353
Depreciation and amortization 249,702 214,785
Deferred income taxes 53,031 4,679
(Gain) loss on disposal of property, plant and equipment (806) 915
Stock-based compensation expense 21,593 23,430
Changes in operating assets and liabilities, net of effects of acquisitions:    
Receivables, net (198,131) (166,643)
Inventories (132,508) (93,248)
Other assets and prepaid expenses (39,639) (64,447)
Accounts payable and accrued expenses 228,789 17,598
Other liabilities 858 (2,348)
Net cash provided by operating activities 620,986 413,878
Cash flows from investing activities:    
Additions to property, plant and equipment (498,354) (425,423)
Acquisitions, net of cash acquired (24,410) (250,468)
Purchases of short-term investments (392,096) 0
Redemption of short-term investments 429,000 0
Net cash used in investing activities (485,860) (675,891)
Cash flows from financing activities:    
Payments on Senior Credit Facilities (441,049) (259,086)
Proceeds from Senior Credit Facilities 455,015 240,674
Payments on Commercial Paper (7,901,645) (7,155,819)
Proceeds from Commercial Paper 7,853,591 7,799,905
Proceeds from Floating Rate Notes 353,648 0
Payments of other debt and financing costs 0 (6,208)
Payments on asset securitization borrowings 0 (500,000)
Proceeds from asset securitization borrowings 0 150,000
Debt issuance costs (800) (567)
Change in outstanding checks in excess of cash (1,545) (538)
Shares redeemed for taxes (9,188) (12,255)
Proceeds from stock transactions 2 1,202
Net cash used in financing activities 308,029 257,308
Effect of exchange rate changes on cash and cash equivalents (9,813) 13,278
Net change in cash and cash equivalents 433,342 8,573
Cash and cash equivalents, beginning of period 84,884 121,665
Cash and cash equivalents, end of period $ 518,226 $ 130,238