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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 30, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net earnings $ 121,575 $ 209,241
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Restructuring 32,937 18,182
Depreciation and amortization 137,291 122,654
Deferred income taxes 9,903 19,401
(Gain) loss on disposal of property, plant and equipment 1,164 (1,277)
Stock-based compensation expense 5,789 7,948
Changes in operating assets and liabilities, net of effects of acquisitions:    
Receivables, net (142,518) (104,287)
Inventories (39,409) (74,499)
Other assets and prepaid expenses (2,474) (182)
Accounts payable and accrued expenses 71,199 (14,250)
Other liabilities (25,320) 297
Net cash provided by operating activities 170,137 183,228
Cash flows from investing activities:    
Additions to property, plant and equipment (136,948) (250,936)
Acquisitions, net of cash acquired (76,847) (24,410)
Purchases of short-term investments (154,000) (246,096)
Redemption of short-term investments 156,000 280,000
Net cash used in investing activities (211,795) (241,442)
Cash flows from financing activities:    
Payments on Senior Credit Facilities (132,030) (365,889)
Proceeds from Senior Credit Facilities 94,539 355,252
Payments on Commercial Paper (3,815,406) (3,976,712)
Proceeds from Commercial Paper 3,895,455 4,089,996
Payments of other debt and financing costs (125) 0
Change in outstanding checks in excess of cash (10,965) (6,905)
Shares redeemed for taxes (4,669) (9,144)
Proceeds from stock transactions 1 1
Net cash provided by financing activities 26,800 86,599
Effect of exchange rate changes on cash and cash equivalents 1,476 1,574
Net change in cash and cash equivalents (13,382) 29,959
Cash and cash equivalents, beginning of period 119,050 84,884
Cash and cash equivalents, end of period $ 105,668 $ 114,843