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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net earnings $ 744,571 $ 864,855 $ 974,692
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Restructuring 90,341 58,991 37,085
Depreciation and amortization 576,452 521,765 446,672
Deferred income taxes (107,842) 88,456 (75,591)
Loss on disposal of property, plant and equipment 1,608 (205) 4,303
Stock-based compensation expense 23,620 31,382 36,322
Impairment of net investment in a manufacturer and distributor of ceramic tile in China 59,906 0 0
Changes in operating assets and liabilities, net of effects of acquisitions:      
Receivables, net 81,953 13,856 (60,566)
Inventories 7,212 (255,391) (153,245)
Accounts payable and accrued expenses (52,065) (69,847) 25,365
Other assets and prepaid expenses 3,625 (79,482) (52,115)
Other liabilities (10,620) 6,964 10,673
Net cash provided by operating activities 1,418,761 1,181,344 1,193,595
Cash flows from investing activities:      
Additions to property, plant and equipment (545,462) (794,110) (905,998)
Acquisitions, net of cash acquired (81,082) (568,960) (250,799)
Purchases of short-term investments (581,500) (664,133) (83,904)
Redemption of short-term investments 592,000 695,000 0
Net cash used in investing activities (616,044) (1,332,203) (1,240,701)
Cash flows from financing activities:      
Payments on Senior Credit Facilities (488,978) (813,182) (454,637)
Proceeds from Senior Credit Facilities 448,587 809,287 447,884
Payments on Commercial Paper (15,168,820) (16,756,404) (15,584,017)
Proceeds from Commercial Paper 14,540,177 16,988,398 15,761,954
Proceeds from Floating Rate Notes 331,325 353,649 357,569
Payments on asset securitization borrowings 0 0 (500,000)
Payments on Floating Rate Notes (331,325) 0 0
Payments on other debt (4,295) 0 0
Payments on acquired debt and other financings 0 (69,571) (18,811)
Debt issuance costs (3,028) (890) (1,478)
Purchase of redeemable non-controlling and non-controlling interest 0 (34,944) 0
Repurchases of common stock (100,080) (274,144) 0
Change in outstanding checks in excess of cash (4,664) 5,753 (3,402)
Shares redeemed for taxes (8,777) (9,925) (13,902)
Proceeds and net tax benefit from stock transactions 1 2 1,845
Net cash (used in) provided by financing activities (789,877) 198,029 (6,995)
Effect of exchange rate changes on cash and cash equivalents 2,895 (13,004) 17,320
Net change in cash and cash equivalents 15,735 34,166 (36,781)
Cash and cash equivalents, beginning of year 119,050 84,884 121,665
Cash and cash equivalents, end of year $ 134,785 $ 119,050 $ 84,884