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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating Activities    
Net earnings $ 515,217 $ 347,730
Adjustments to reconcile net earnings to cash from operating activities:    
Depreciation and amortization 293,880 263,421
Stock-based compensation expense 21,810 17,791
Gain on sale of assets (1,214) (3,466)
Gain on sale of businesses (90,093) (11,228)
Cash effect of changes in assets and liabilities (excluding effects of acquisitions, dispositions and foreign exchange):    
Accounts receivable, net (127,004) (31,791)
Inventories (92,853) (21,223)
Prepaid expenses and other assets (7,534) (15,932)
Accounts payable 103,926 38,582
Accrued compensation and employee benefits 8,008 (15,999)
Accrued expenses and other liabilities (41,136) 23,076
Accrued and deferred taxes, net (51,106) 8,565
Other, net (29,936) (26,580)
Net cash provided by operating activities 501,965 572,946
Investing Activities    
Additions to property, plant and equipment (150,149) (115,768)
Acquisitions, net of cash and cash equivalents acquired (25,568) (501,828)
Proceeds from sale of property, plant and equipment 8,606 9,971
Proceeds from sale of businesses 121,175 47,300
Other 21,151 (1,057)
Net cash used in investing activities (24,785) (561,382)
Financing Activities    
Proceeds and Excess Tax Benefits from Share-based Compensation 0 6,828
Change in commercial paper and notes payable (279,927) 355,275
Dividends paid to stockholders (210,549) (199,759)
Payments to settle employee tax obligations on exercise of share-based awards (13,812) (13,024)
Other (2,912) 0
Net cash (used in) provided by financing activities (507,200) 149,320
Cash Flows    
Effect of exchange rate changes on cash and cash equivalents 2,913 (8,314)
Net (decrease) increase in cash and cash equivalents (27,107) 152,570
Cash and cash equivalents at beginning of period 349,146 362,185
Cash and cash equivalents at end of period $ 322,039 $ 514,755