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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating Activities    
Net earnings $ 391,783 $ 273,639
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation, depletion, accretion and amortization 256,463 227,974
Net gain on sale of property, plant & equipment and businesses (8,374) (4,630)
Contributions to pension plans (107,202) (17,638)
Share-based compensation expense 21,650 19,953
Deferred tax expense (benefit) 76,779 11,298
Cost of debt purchase 6,922 43,048
Changes in assets and liabilities before initial effects of business acquisitions and dispositions (67,836) (162,849)
Other, net 2,446 8,740
Net cash provided by operating activities 572,631 399,535
Investing Activities    
Purchases of property, plant & equipment (348,238) (366,845)
Proceeds from sale of property, plant & equipment 12,838 10,403
Proceeds from sale of businesses 11,256 0
Payment for businesses acquired, net of acquired cash (213,138) (210,562)
Other, net (12,216) 405
Net cash used for investing activities (549,498) (566,599)
Financing Activities    
Proceeds from short-term debt 514,900 5,000
Payment of short-term debt (314,900) (5,000)
Payment of current maturities and long-term debt (892,049) (800,572)
Proceeds from issuance of long-term debt 850,000 1,600,000
Debt issuance and exchange costs (45,513) (15,046)
Settlements of interest rate derivatives 3,378 0
Purchases of common stock (99,916) (60,303)
Dividends paid (111,192) (99,263)
Share-based compensation, shares withheld for taxes (31,418) (24,608)
Net cash provided by (used for) financing activities (126,710) 600,208
Net increase (decrease) in cash and cash equivalents and restricted cash (103,577) 433,144
Cash and cash equivalents and restricted cash at beginning of year 146,646 268,019
Cash and cash equivalents and restricted cash at end of period $ 43,069 $ 701,163