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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
OPERATING ACTIVITIES:    
Net income $ 544,399 $ 545,727
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 105,764 108,623
Share-based compensation 13,582 12,641
Excess tax benefits from share-based compensation (5,381) (7,269)
Changes in operating assets and liabilities 237,623 (70,399)
NET CASH PROVIDED BY OPERATING ACTIVITIES 895,987 589,323
INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (61,994) (73,785)
Acquisitions and other investing activities (115,414) (275,295)
NET CASH USED IN INVESTING ACTIVITIES (177,408) (349,080)
FINANCING ACTIVITIES:    
Proceeds from debt 2,537,224 2,032,550
Payments on debt (2,680,191) (1,974,581)
Share-based awards exercised, net of taxes paid (6,030) (8,266)
Excess tax benefits from share-based compensation 5,381 7,269
Dividends paid (275,379) (259,365)
Purchases of stock (225,175) (95,546)
NET CASH USED IN FINANCING ACTIVITIES (644,170) (297,939)
EFFECT OF EXCHANGE RATE CHANGES ON CASH (12,845) (3,660)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 61,564 (61,356)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 137,730 196,893
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 199,294 $ 135,537