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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 28, 2015
Jun. 29, 2014
Cash flows from operating activities:    
Net income $ 258,974 $ 295,501
Adjustments to reconcile net income to net cash flow from operating activities:    
Depreciation and amortization 163,842 121,828
Facility consolidation and asset impairment charges 33,179 43,595
Pension contributions, net of pension expense (122,512) (64,179)
Equity income in unconsolidated investees, net (7,696) (165,031)
Stock-based compensation – equity awards 11,875 17,208
Change in other assets and liabilities, net (42,254) 106,017
Net cash flow from operating activities 295,408 354,939
Cash flows from investing activities:    
Purchase of property, plant and equipment (55,021) (56,905)
Payments for acquisitions, net of cash acquired (37,292) (121,956)
Payments for investments (30,168) (5,318)
Proceeds from investments 12,402 163,315
Proceeds from sale of certain assets 110,524 66,617
Net cash flow from investing activities 445 45,753
Cash flows from financing activities:    
Proceeds from borrowings under revolving credit agreements 45,000 0
Payments of unsecured floating rate term loans (19,888) (17,925)
Payments of unsecured fixed rate notes (66,568) (250,000)
Dividends paid (90,790) (90,848)
Cost of common shares repurchased (75,090) (75,815)
Proceeds from issuance of common stock upon settlement of stock awards 22,150 10,362
Distribution to noncontrolling interests (1,233) (877)
Deferred payments for acquisitions (8,896) (14,481)
Net cash used for financing activities (195,315) (439,584)
Effect of currency exchange rate change on cash 66 355
Increase (decrease) in cash and cash equivalents 100,604 (38,537)
Balance of cash and cash equivalents at beginning of period 118,484 469,203
Balance of cash and cash equivalents at end of period 219,088 430,666
Supplemental cash flow information:    
Cash paid for taxes, net of refunds 37,286 45,284
Cash paid for interest 134,580 122,989
Non-cash investing and financing activities:    
Payment for acquisition (34,403) 0
Assets held for sale proceeds 0 381,882
Capital expenditures $ 0 $ (6,565)