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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 28, 2020
Mar. 29, 2020
Jun. 30, 2019
Mar. 31, 2019
Jun. 28, 2020
Jun. 30, 2019
Dec. 31, 2019
Cash Flows from Operating Activities:              
Net income/(loss): $ 54,990 $ 80,236 $ 81,286 $ 73,768 $ 135,226 $ 155,054  
Adjustments to reconcile net income to net cash provided by operating activities:              
Asset impairment         8,759 7,284  
Depreciation, depletion and amortization         123,447 116,978  
Share-based compensation expense         1,936 8,866  
Equity in earnings of affiliates (778)   (1,511)   (1,291) (2,441)  
Cash dividends from affiliated companies         3,276 3,297  
Net (gain)/loss on disposition of assets         (2,265) 3,943  
Pension and postretirement plan expense         29,135 13,647  
Pension and postretirement plan contributions         (31,105) (213,579)  
Net increase in deferred taxes         19,653 37,953  
Change in assets and liabilities, net of effects from acquisitions and foreign currency adjustments:              
Trade accounts receivable         (13,516) (46,191)  
Inventories         (31,984) (16,825)  
Payable to suppliers         17,844 (2,842)  
Prepaid expenses         (8,769) (4,976)  
Accrued expenses         9,261 (7,741)  
Income taxes payable and other income tax items         8,533 (26,990)  
Other assets and liabilities         13,851 14,644  
Net cash provided by operating activities         281,991 40,081  
Cash Flows from Investing Activities:              
Purchases of property, plant and equipment         (76,417) (102,272)  
Cost of acquisitions, net of cash acquired         (3,787) (455)  
Proceeds from the sale of assets         4,845 1,498  
Investment in affiliates and other, net         524 1,301  
Net cash used in investing activities         (74,835) (99,928)  
Cash Flows from Financing Activities:              
Proceeds from issuance of debt         1,105,139 243,394  
Principal repayment of debt         (269,970) (81,025)  
Net change in commercial paper         (250,000) (18,000)  
Net increase/(decrease) in outstanding checks         7,469 (11,697)  
Proceeds from cross-currency swap         14,480 0  
Payment of contingent consideration         (2,500) (5,000)  
Cash dividends         (86,337) (84,160)  
Dividends paid to noncontrolling interests         0 (214)  
Shares repurchased         (3,950) (8,550)  
Net cash provided by financing activities         514,331 34,748  
Effects of Exchange Rate Changes on Cash         (9,498) 1,005  
Net Increase/(Decrease) in Cash and Cash Equivalents         711,989 (24,094)  
Cash and cash equivalents at beginning of period   $ 145,283   $ 120,389 145,283 120,389 $ 120,389
Cash and cash equivalents at end of period $ 857,272   $ 96,295   $ 857,272 $ 96,295 $ 145,283