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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating Activities    
Net earnings $ 271,393 $ 336,305
(Loss) earnings from discontinued operations (4,472) 38,742
Adjustments to reconcile net earnings to cash from operating activities:    
Depreciation and amortization 137,928 139,628
Share-based compensation expense 10,403 16,861
Gain on sale of businesses 0 (90,093)
Cash effect of changes in assets and liabilities (excluding effects of acquisitions, dispositions and foreign exchange):    
Accounts receivable, net (108,003) (62,209)
Inventories (85,340) (80,444)
Prepaid expenses and other assets (32,336) (3,641)
Accounts Payable 64,592 72,454
Accrued compensation and employee benefits (51,002) (21,725)
Accrued expenses and other liabilities (32,894) (39,519)
Accrued and deferred taxes, net 2,075 (22,709)
Other, net (6,548) (7,934)
Net cash provided by operating activities 174,740 198,232
Investing Activities    
Additions to property, plant and equipment (96,364) (78,966)
Acquisitions, net of cash and cash equivalents acquired (68,557) (25,568)
Proceeds from sale of property, plant, and equipment 2,411 2,177
Proceeds from sale of businesses 2,069 121,175
Other (13,762) 21,151
Net cash (used in) provided by investing activities (174,203) 39,969
TransferOfCashAndCashEquivalentsAtSpinOffNet 689,643 0
Financing Activities    
Purchase of common stock (744,977) 0
Change in commercial paper and notes payable 53,584 (157,444)
Dividends paid to stockholders (142,322) (137,182)
Payments to settle employee tax obligations on exercise of share-based awards (21,202) (12,028)
Repayments of Long-term Debt (350,000) 0
Other (1,563) (2,912)
Net cash used in by financing activities (516,837) (309,566)
Effect of Exchange Rate on Cash and Cash Equivalents 9,519 (2,764)
Net (decrease) increase in cash and cash equivalents (511,150) (47,558)
Cash and cash equivalents at beginning of period 753,964 349,146
Cash and cash equivalents at end of period 242,814 301,588
Cash Provided by (Used in) Operating Activities, Discontinued Operations 19,336 40,163
Cash Provided by (Used in) Investing Activities, Discontinued Operations (23,705) (13,592)
Net Cash Provided by (Used in) Discontinued Operations $ (4,369) $ 26,571