XML 22 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2017
Oct. 01, 2016
Cash flows from operating activities:    
Net earnings $ 367,640 $ 323,887
Adjustments to reconcile net earnings to cash provided by operating activities:    
Share-based compensation expense 27,955 25,127
Depreciation and amortization 179,662 211,685
Amortization of debt issuance and other debt-related costs 7,192 6,560
Deferred income taxes (3,706) 11,374
Provision for losses on receivables 8,999 3,494
Other non-cash items 6,849 (6,829)
Additional changes in certain assets and liabilities, net of effect of businesses acquired:    
(Increase) in receivables (294,989) (140,031)
(Increase) in inventories (166,992) (149,759)
(Increase) in prepaid expenses and other current assets (28,312) (12,657)
(Decrease) increase in accounts payable (57,368) 110,914
(Decrease) in accrued expenses (83,883) (259,698)
Increase in accrued income taxes 165,944 145,601
(Increase) in other assets (13,616) (17,066)
(Decrease) increase in other long-term liabilities (32,600) 1,340
Net cash provided by operating activities 82,775 253,942
Cash flows from investing activities:    
Additions to plant and equipment (136,261) (142,255)
Proceeds from sales of plant and equipment 1,722 4,261
Acquisition of businesses, net of cash acquired 0 (2,910,461)
Net cash used for investing activities (134,539) (3,048,455)
Cash flows from financing activities:    
Bank and commercial paper borrowings (repayments), net 745,100 442,777
Other debt borrowings 1,512 1,201
Other debt repayments (5,186) (94,935)
Debt issuance costs (644) (2,846)
Proceeds from stock option exercises 57,075 32,307
Treasury stock purchases (550,098) (600,139)
Dividends paid (174,864) (173,292)
Net cash provided by (used for) financing activities 72,895 (394,927)
Effect of exchange rates on cash and cash equivalents 18,570 30,038
Net increase (decrease) in cash and cash equivalents 39,701 (3,159,402)
Cash and cash equivalents at beginning of period 869,502 3,919,300
Cash and cash equivalents at end of period 909,203 759,898
Supplemental disclosures of cash flow information:    
Interest 72,057 118,426
Income taxes $ 28,714 $ 24,406